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December 18, 2009

New Name for "Highest and Best"

Realtor-Speak for “Cut to the Chase” Once upon a time, “highest and best offer” meant that everyone interested in a particular property — often a foreclosure — had to “cut to the chase” and (re)submit their highest offer, combined with their best terms (closing date, financing terms, inspection contingency, etc.). Then, the Seller would pick...
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Baseball Metaphors & the Housing Market

Willie Keeler & The “Asterisk ’90’s” Surveying the real estate market from a Realtor’s perspective the last year — and the prospects for next year — conjures up some parallels with baseball. Namely, it’s the era of the “singles” hitter. Just as some periods in baseball seem to be dominated by sluggers (think, Mark McGuire...
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