Home was MLS-now auction--can I make an offer before the auction?

Marie
Home Buyer
Minnesota

A foreclosed home that was on the MLS 2 months ago is now listed as an auction home with the county and no longer on the MLS. Can a buyer still present an offer to the owner/bank prior to the auction? The date for the auction is three months away and we don't feel like waiting....and the asking price from the MLS listing two months ago is what we would offer. Any advice/insight is appreciated.

Answers (4)
Kim M. Eisen &...
Agent
Twin Cities Amf, MN

The answers here need to be based on actual information, that is not included. Please don't make assumptions (unless they are stated) as to what a person can/can't, should/shouldn't do.

Kim Eisen
RE/MAX Realty 100
"Helping People Make Smart Real Estate Decisions for over 28 Years"
Experience Counts!
(651) 457-HOME (4663)

Fri Sep 26 2008, 13:26
Kim M. Eisen &...
Agent
Twin Cities Amf, MN

Are you talking listed with the county as a 'Sheriffs Sale' or a 'Tax Forfeited Property'? Big difference.

Kim Eisen
RE/MAX Realty 100
(651) 457-HOME (4663)

Fri Sep 26 2008, 12:46
Jason Sandquist
Agent
Minneapolis, MN

Check with the county to see if they are willing to entertain any offers if the county owns the property . If you need to find numbers you could do a little skip tracing by looking at http://www.pipl.com to try and find a number to get in touch with the owner unless it is owned by a bank.

Mon Sep 15 2008, 13:34
Cameron Piper
Agent
Minnesota
FIRST ANSWER

Marie,

You are free to make an offer whenever you like. The seller may or may not choose to look at your offer before the auction. I would think that unless something major has changed that if you are making a full priced offer that the seller would be more than willing to entertain what you have to say. Make sure you get an agent to represent you in the transaction since buying from FSBO sellers can be fairly risky.

Cameron Piper

Web Reference: http://www.campiper.com
Mon Sep 15 2008, 12:57

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