Low-Ball Offers Lessening For Housing

Buyers have been on the hunt for once-in-a-lifetime deals in recent months, but an ad hoc index from The Washington Post�suggests that strategy may no longer fly.
Dubbing its approach the “low-ball index,” the Post looked at the number of properties that received low-ball offers, which are typically situations where a buyer offers a price on a listed home that is 25 percent or more less than the asking price.
In 2011, the researchers at the National Association of Realtors found that one out of 10 members surveyed had dealt with low-ball ...

Source: http://feedproxy.google.com/~r/chicagoagentmagazine/news/~3/oZfEE82haGw/

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