Reverse offers are an excellent way to get the conversation started about a property that may result in a contract. It also works when offering a listed or unlisted home to a builder who specializes in renovations and flips in your area.
However, in the best interests of the sellers, all reverse offers must contain an expiration of offer to prevent further delay on the buyer’s part, and also to limit the exposure of the seller to potential problems down the road should an offer from a different buyer be presented.
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