WebSep 6, 2024 · The “Highest, Best, and Final” Process in Practice. Let’s say we have a house listed at $500,000, and three bidders make offers below the asking price. The … WebJun 29, 2024 · In NYC, there is a much smaller inventory of condos than co-ops. As a result, you typically can’t offer a penny less than the asking price. “It’s a matter of supply and …
"Best and final offer" ? — MoneySavingExpert Forum
WebJan 3, 2024 · When submitting an offer, always begin with a figure that is well below your maximum budget. Most people make an offer that is between 5% to 10% under the asking price. This is because sellers are aware of this tactic and put their house on the market for more than the actual property value. WebFeb 22, 2024 · Here’s an example of a typical offer/counter offer negotiation on a home listed for $250,000: The buyer initially offers $240,000 with closing in 30 days. The buyer also asks for the seller’s furniture and for the seller to pay closing costs. The seller counters with a price of $245,000, but does not agree to pay closing costs. お電話を差し上げる
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WebJan 18, 2024 · The seller gets three offers but none are impressive. 3. Agent declares multiple offer situations and suggests going for the highest, best, and final offer … When sellers ask for a buyer’s “highest and best” offer, they’re typically trying to spark a bidding war and plan to play potential buyers off one another. “When I see a seller asking for ‘highest and best,’ I read that as code for the seller wanting a firm final number for price and great terms,” says Melissa Dorman, a real … See more A request for a buyer’s “best and final” offer means the seller wants to move fast and is not interested in prolonged negotiations. “When I see a seller asking for ‘best and final,’ it means they are not planning on pitting … See more Winning a bid amid stiff competition—without regrets later—is no easy task, but it can be accomplished with a firm plan in place. “Buyers should ask their agent to garner … See more For “best and final” bids, Glen Henderson, a broker associate at Premier Homes Coronado in San Diego, recommends using an escalation clause. An escalation clauseis when buyers offer a range of prices and say they … See more WebSep 2, 2024 · 7) Work with an experienced real estate agent. An experienced, reputable agent can help you gain the upper hand as you navigate a bidding war. An agent with a … お電話にて失礼いたしました