Now that you have found a deal and determined that it’s worth making an offer, we need to formulate the offer and present it. You will be either making an offer to a broker or directly to the seller. Before submitting your offer, you need to determine what your maximum offer will be – your strike price. You also need to decide the ideal price and how low you want to start. A lot of this will be determined by the market cycle and the competition involved.

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John Stiles is a licensed MN real estate agent with Bridge Realty.
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