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August 15, 2014

$300k – $5k > $295k (Huh?!?)

But, $320k – $25k ≠ $295k I can’t prove it, but at least when it comes to residential real estate deals, an offer for $300k less $5k in seller-paid points can seem more attractive to Sellers (if not their agents) than a $295k offer with no points subtracted. The explanation has to do with Seller psychology....
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