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What is the best online real estate site?

While price is important, sellers frequently accept offers that arent the highest bid. They consider factors such as stronger financing terms, fewer contingencies, and more favorable closing timelines.

What is the best and final offer document?

Best and Final Offer, also referred to as BAFO, is the final offer provided within the negotiation process. In an RFx process, its the final call for improvements to a proposed deal. Best and Final Offer is often a revision of an offer already submitted - based on multiple negotiations.

What is the highest and best offer form in real estate?

Highest and best is when a seller receives more than one offer on a property, and they decide to give everyone a chance to submit there best offer. In the sellers formal request, the seller gives each buyer a chance to raise their offer and a date and time all offers must be received by the seller.

What is the highest and best offer form?

What is a highest and best offer form in real estate? The request for highest and best offers means the seller sets a timetable for buyers to provide their strongest offers. Buyers then submit the offer with the most money they can afford and the most favorable conditions for the seller, such as waiving the inspection.

What is an example of a best and final offer?

The Appraisal Institute defines highest and best use as follows: The reasonably probable and legal use of vacant land or an improved property that is physically possible, appropriately supported, financially feasible, and that results in the highest value.