http://beckywyatt.wordpress.com/2008/06/25/lowball-offerspart-44/ All things Real Estate, and not. Thu, 07 May 2009 16:43:51 +0000 http://wordpress.com/ hourly 1 http://beckywyatt.wordpress.com/2008/06/25/lowball-offerspart-44/#comment-208 beckywyatt Thu, 26 Jun 2008 00:45:34 +0000 http://beckywyatt.wordpress.com/?p=123#comment-208 That is the case here in Phoenix too, but really only with bank-owned properties. The REO properties are going very quickly, with multiple offers, usually always over asking price. Eventually, the realistic sellers may imitate the banks to entice offers. I listed a home in Scottsdale (NOT bank-owned) at a foreclosure-like price and had at least 6 showings a week and 2 offers within 15 days! We accepted one of those offers - after negotiations, very near to our asking price. Thanks for your comment! - Becky That is the case here in Phoenix too, but really only with bank-owned properties. The REO properties are going very quickly, with multiple offers, usually always over asking price. Eventually, the realistic sellers may imitate the banks to entice offers. I listed a home in Scottsdale (NOT bank-owned) at a foreclosure-like price and had at least 6 showings a week and 2 offers within 15 days! We accepted one of those offers – after negotiations, very near to our asking price.
Thanks for your comment! – Becky

]]> http://beckywyatt.wordpress.com/2008/06/25/lowball-offerspart-44/#comment-205 trushing Wed, 25 Jun 2008 20:58:57 +0000 http://beckywyatt.wordpress.com/?p=123#comment-205 It seems in this market, at least here in Central California, many homes are being listed at "below market" prices. This creates tremendous interest, and multiple competing offers on the property. The outcome often results in a "sell price" greater than a home being listed at market value, which ususally results in less-than market priced offers. It seems in this market, at least here in Central California, many homes are being listed at “below market” prices. This creates tremendous interest, and multiple competing offers on the property. The outcome often results in a “sell price” greater than a home being listed at market value, which ususally results in less-than market priced offers.

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