It very much looks like Capital Gains Taxes will be going up next year. If you have cash and are buying buildable land, a home being flipped or some other kind of property subject to capital gains and you can close before 12/31/2012 it’s worth making a lowball offer.Particularly if that property has been on the market for a while.

Give the seller 72 hours to respond and you have time to make more than one offer if the first seller doesn’t jump on the chance to get out now, assuming you have more than one property in your sights. If your offer is rejected you have lost 72 hours, if it’s accepted you get a sweet deal.