Tips for HomeBuyers: Adjust your negotiating expectations.
Lowball offers are off the table in this environment and could eliminate you from consideration. Respond to
counteroffers quickly to keep other buyers from entering the picture; you don't want to encourage a bidding war. If one
breaks out, be prepared to get fewer concessions and pay more money. And have a few other homes in mind so you can be
willing to walk away if the price soars.
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