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Submitting Offers
Many of the offers we submit
for prospective buyers aren't exactly what the sellers want; the price may be
lower than they are asking or there might be terms that will require
negotiation. What happens after the offer is submitted?
The seller's Realtor will present the offer to
the sellers, along with the buyer's qualifications. If the sellers accept the
offer, then you have a purchase agreement. If the sellers counter the offer, the
next action would be initiated by the buyers. If you want to buy a particular
house, your chances of succeeding are greater if your offer is as close to the
asking price as possible. You could save money by engaging in lengthy
negotiations, but you run the risk of losing the home if another offer comes in
or you risk offending the seller.
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