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Who knows, the seller may then come knocking at your door to ask you to submit your purchasing offer.
A buyer’s market occurs when there’s a surplus of homes on the market relative to demand from sellers.
Many experts advise against bidding more than 10 percent below the asking price.
However, you can sweeten a relatively low offer price by guaranteeing the seller a quick closing and a large earnest money deposit.
Or, if you accept the present state of the home without demanding free upgrades and repairs, you could sway the owner in your favor over other bidders.
Sometimes sellers or their agents get restless during negotiations and ask you to quote them your highest and best offer for the home, meaning it’s a take it or leave it contract and there won’t be a counteroffer.