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Mike Lacey's Blog

By Mike Lacey- Realtor® | Agent in Lighthouse Point, FL
  • Low Ball Offers?

    Posted Under: Home Buying in Broward County  |  April 30, 2012 3:56 PM  |  53 views  |  No comments
    I have been finding that buyers are still stuck on the market of a few years back when you could offer sometimes 20-30% below asking price! Those days are LONG gone for this area! Allthough prices are still low compared to past years the fact remains that this market has shifted to a sellers market! Inventory is low, less than 6 months of inventory at this point and the buyer pool is large with interest rates being so low and home prices the lowest they have been in 20 years. What has been happening is that the properties that are good deals are receiving multiple offers and the sellers are getting the opportunity to take the highest and best! A low ball offer in this market pretty much guarantees you will NOT get the property that you wanted! The only way to stand a chance at a good deal is to offer asking or even 10k above! If you find that dream house are you really willing to lose out on getting it for maybe a $20.00 a month difference in the payment? Please LISTEN to your agent people, we are here to help you accomplish your goals!   
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