Best and Final Offer (BAFO): What It Means For Buyers andSellers

Key Takeaways: A best and final offer (BAFO) is a buyer’s last chance to make the strongest bid before the seller decides. Sellers usually ask for BAFOs when multiple buyers are interested and want to simplify negotiations. Buyers should know their budget, stay flexible where they can, and avoid overextending themselves. BAFOs aren’t just for […] The post Best and Final Offer (BAFO): What It Means For Buyers and Sellers appeared first on Redfin | Real Estate Tips for Home Buying, Selling & More.