With decreasing inventories, a
number of house buyers are realizing that only competitive offers will help
them achieve the home that they want. A recent article written by Kiplinger’s
Personal Finance drew attention to a few ways that house buyers can create more
competitive “appealing” offers.
Do Not Lowball
Buyers might only get one opportunity to obtain the house they want in a market
that is quite competitive. They might not be able to obtain a second chance to
sweeten the offer later, so a “lowball” proposal the very first time around
could cause them to lose out. Purchasers should utilize sales prices of
properties that can be compared to in the neighborhood to submit the best offer
of theirs the first time around.
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