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I see a price on foreclosure homes. How do you get that price? Will the bank be selling at that price or higher?

(0) | asked by: Srikanth Purushothaman | share | 4 days ago | Report
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answer by Tamara Schuster   |   Visit My Website   |   Contact Me
answered questions: 34
The price a foreclosure sells for always depends on the bank. In general they go close to asking or over if it is multiple offers. If the listing has been on the market more than a month it is generally considered over priced and the bank will take less. It all depends on the bank and each property and bank is different. My strategy varies depending on the bank and the time on the market.
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answer by Marilyn Smith   |   Visit My Website   |   Contact Me
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The agent uses a price that they feel will be with in the market price. The bank can accept the price on contracts submitted or can accept more or less. Hope this answers your questions.
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answer by Jolita Vilimiene   |   Visit My Website   |   Contact Me
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It depends on the home, location, condition, how many buyers are looking at the property... Jolita, Re/Max Experts
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