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5 Negotiation Tactics Sure to Doom a Home Offer

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Are you house hunting? When it’s time to negotiate the home offer, some buyers think they’re playing hardball, but in reality, they’re just setting up their offer to be rejected. Below are 5 negotiation tactics that are doomed to fail. Keep them in mind when it comes time to make your offer. 1. Lowballing A buyer’s first instinct may be …

Can I Negotiate a Lower Price on New Construction

Can I Negotiate a Lower Price on New Construction?

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There are two major types of homes you can buy – resale and new construction. Each comes with its own benefits, expectations, and conditions for the purchase process, and deciding between the two should rest solely on the buyer’s needs and wants. One of the major differences between buying a resale home or buying a new construction home is the …

What Does Active Due Diligence Mean

What does “Active Due Diligence” mean?

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While searching for Wilmington homes for sale, did you see the listing status “Active Due Diligence”? If you haven’t bought real estate in the past few years, you may not be familiar with the term. But it’s an important term to know, so we’re here to educate! If you see “Active Due Diligence”, that means the property has a contract …

Multiple-Offer Situation

8 Things to Expect and Not Expect in a Multiple-Offer Situation

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We’re frequently seeing multiple-offer situations in the Wilmington housing market due to the shrinking home inventory, so it’s important for buyers to know what to expect if they find themselves putting an offer in on a home that already has one. Buyers need to understand that it’s not the listing agent who decides how to handle a multiple-offer situation. Ultimately, …