Tuesday, June 19, 2012

Homes no longer for a steal

Based on the latest survey results, the lowballing strategy is not a winning move in many communities this spring.  In fact, in local markets where inventories are tight and competition for homes rising, realty agents say that buyers looking to steal houses by lowballing their offers are ending up at the back of the line – their contracts either rejected out of hand or countered close to the original asking price. 
In high-demand markets that have rebounded from recession slumps, sellers are now firmly in control.

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