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Is a low offer a good idea?

This depends on market conditions as well as other considerations. A low offer may be a good idea if:

* it is a buyer's market with many available listings to choose from;
* you are willing to purchase the house as-is;
* you are purchasing the house with all cash.

Making a low offer for any other reason is a risky proposition since most sellers will probably be offended by such a low offer and will not even make a counter-offer.

 

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