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Negotiating from a Position of Weakness

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    The opposite of multiple offers is no offers. Zero. Zip. None.

    An absolute absence of offers may be caused by a horrendous real estate market plagued by a sagging economy, poor consumer confidence, and high mortgage rates. Like it or not, a divorce, job transfer, or some other major life change may compel you to sell in a rotten market. If it's any consolation, you'll probably recover the amount you lose as a seller by paying a proportionately lower price for your new home - unless you compound your misfortune by moving from a weak real estate market to a strong one.

    However, suppose that the economy is booming, consumers are wildly optimistic, and houses around you sell faster than you can say, 'We're outta here!' If you have a problem getting offers in such fertile ground, bunkie, something is seriously wrong either with your property or your asking price.

    When either your price or property is flawed or your local market is stagnant, you may attract strange buyers bearing odd offers. The following sections offer tips to help you make the best of whatever comes your way.

    Current
    Mortgage Rates
    Mortgages on Zillow
    • Compare homes

      Shopping for a home is a lot like dating. It can be fun, and you might fall in love.

    • Shopping on the Internet

      Looking at homes online is a great way to acquaint yourself with what's on the market.

    • Working with a mortgage broker

      If you choose a mortgage broker, you work directly with her and she works with the lender.

    • Do the paperwork

      Read on to learn about the paperwork involved in a typical loan application.