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Contact Information |
Olena M. Keene First National Realty 6423 Summer Gale Dr Memphis, TN, 38134
Office: 901-277-5324 Cell: 901-277-5324 Fax: 901-531-8084
Lic. #: 00289295 |
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are low offers a good idea |
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Is a low offer on a Memphis area property a good idea?
While your low offer in a normal market
might be rejected immediately, in a Memphis area buyer's market a motivated seller will
either accept or make a counteroffer.
Full-price offers or above are more
likely to be accepted by the seller. But there are other considerations
involved:
* Is the offer contingent upon anything, such as the sale of
the buyer's current house? If so, a low offer, even at full price, may not be as
attractive as an offer without that condition.
* Is the offer made on the
house as is, or does the buyer want the seller to make some repairs or lower the
price instead?
* Is the offer all cash, meaning the buyer has waived the
financing contingency? If so, then an offer at less than the asking price may be
more attractive to the seller than a full-price offer with a financing
contingency.
Questions about Memphis Real Estate?
Ask us below or Call us Now at 901-277-5324
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Last Updated ( Thursday, 04 September 2008 )
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