š”Making an offer with no contingencies...
Summary
AI-generatedThis video discusses the risks and potential negotiation tactics when making non-contingent offers in a hot real estate market. Even with a non-contingent offer, buyers may be able to renegotiate if the appraisal comes in significantly lower than the offer price, leveraging the seller's need to avoid relisting the property.
Key insights
Sellers might accept a lower offer even with a non-contingent offer if the appraisal comes in low, as relisting presents the same appraisal problem.
Mistakes to avoid
Don't assume that a non-contingent offer means you can't renegotiate. The seller may still be willing to negotiate to avoid the hassle of relisting and potentially facing the same appraisal issue with a new buyer.
Curated by Learn STR by GoStudioM Ā· Summary & key insights generated by AI Ā· Reviewed by editorial