Low-ball bidders in many markets learn they can no longer get a steal on a house
A low-ball offer typically involves a contract submitted to a seller where the price proposed by the purchaser is 25 percent or more below list. Low-balls increase sharply when there’s a glut of properties available, asking prices are out of sync with local economic realities and values are depressed or uncertain. Buyers figure: Hey, why not? Maybe I’ll get lucky.Based on the latest survey results, that sort of strategy is not a winning move in many communities this spring. In fact, in local Read more [...]