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How Do You Make a Low Ball Offer?
Posted by Infinity Admin on
Could the Canadian housing market be in store for the return of the low-ball offer? While this buying strategy became all but extinct given the heated housing market in the last couple of years, rising interest rates have caused many markets to cool, and shift from strong seller’s markets to more balances, or even tilted in favour of buyers.
What is a Low-Ball Offer?
A low-ball offer is when a prospective homebuyer makes an offer to purchase a home that is below the asking price.
When Should You Make a Low-Ball offer?
Low-ball offers are more common in a buyer’s market, when there are more listings than there are buyers, and competition is not a factor. Another common scenario for low-ball offers is when looking to…
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