#buying-and-selling-homes

#buying-and-selling-homes

A best and final offer (BAFO) is a buyer's last chance to make the strongest bid before the seller decides.

Sellers ask for BAFOs when multiple buyers are interested and want to simplify negotiations.

Buyers should know their budget, stay flexible, and avoid overextending themselves.

BAFOs apply in auctions, business deals, and contract negotiations.

Sellers retain an advantage in the current housing market, but conditions are evolving as changes emerge.