We've been reading about relative bargains in the local real estate market, but this week I heard about a "relative offer" being presented on a Cupertino home.
Just to review what these are: A relative offer, something we haven't seen in a couple of years, is an offer on a property that attempts to win out in a multiple offer situation. The contract is written without a specific purchase price. The buyer agrees to top any other verified offer by a certain amount, and often names a maximum price. In the wild markets we saw in years past, these became commonplace, but it's been a long time...
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