Hello,
This is a bank owned property (so it has already been foreclosed on.) According to the listing, there are multiple offers on the property already, and they are looking for 'highest and best' offers by close of business today. It's been active on the market for four days under the current listing number. Based on that list price, I think their strategy was to price it low to get a bunch of offers to pick from; the other active listings in the neighborhood are all in the mid to high $300,000s. Feel free to reach out to me if you have other questions!
Hope that helps!
~Heather - Wed Feb 18 2009, 08:06