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December 18, 2010

Is the Buyer’s Budget Negotiating Leverage?

Buyers Whose Eyes are Bigger Than Their Wallets What is the Buyer counterpart to Sellers who “need” a certain price to consider selling? Buyers whose final (first?) offer is 100% of their budget, and therefore can’t go any higher. So, the Buyer’s agent will typically couch the offer in terms of, “I know this is...
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Should Renters Hire Inspectors?

Rental Repair Risks; or, Becoming an (Unpaid) Property Manager In the history of the world, no one has ever washed a rented car. –Thomas Friedman Until recently, my answer to whether prospective renters should hire (and pay for) a professional inspector would have been “no.” That’s because if something non-trivial breaks, most leases specify that...
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