It's Not Your Fathers Way Of Purchasing a Home.
By Mark Horan, "The Resident Chef" - Resident Team Realty LLC &
(Resident Team Realty, LLC & Toni's Property Management LLC)
It today's current market segment of Bank Owned Properties, the strategies are much different than the techniques used in the past. Banks don't negotiate with emotion. Many times your offer is submitted into a website. The mentality that you are being played with, or that you have to win the transaction are prehistoric. Today's purchasing tactics are different than the past. A selling bank wants to negotiate with many buyers on a specific property rather than with just one. They would rather drop the list price themselves than agree to a low offer. We are seeing here in the Kissimmee and Saint Cloud, Florida market that banks will negotiate up to $10,000 off the list price with a particular buyer on properties below $200,000. But if only one offer comes in and it's lower than that $10,0...
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