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Tuesday, November 26, 2024

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A low offer for your property is better than no offer

A low offer for your property is better than no offer

By IOL Reporter | Published May 20, 2021

Q: With interest rates at their lowest levels in decades and a huge choice of inventory at the moment, quite a number of home buyers and investors are making really low offers to purchase in the hope of picking up property bargains. How should I, as a seller, deal with low offers?Rather than taking offence and immediately rejecting these offers, sellers need to take a deep breath, recognize that they are (in most cases) only intended as opening bids in a negotiation, and get ready to make coun. . .

Real value is based on what a buyer is willing and able to pay - Editor's letter

By IOL Reporter | Published May 20, 2021

Close friends spent a lot of time arguing with the municipality over the municipal valuation of their home. It was way over what it should be, they argued – and lost – with the consequence they were forced to pay higher municipal rates than they regarded as necessary. And the home is now on the market for at least 35% less than the municipal valuation because, as we all know, real value is based on what a buyer is willing and able to pay.

Real value is based on what a buyer is willing and able to pay - Editor's letterReal value is based on what a buyer is willing and able to pay - Editor's letter

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