We can do: FHA, Conventional, USDA, VA, HARP, Interest Only, Home Equity, Fixed, and Variable. Find out which product is right for you by calling Brad at (630) 639-1081.
Sr. Loan Officer
Mobile Phone: (630) 639-1081
3130 Finley Rd. Suite 510C
Downers Grove, IL 60515
Let me know if there is anything else I can assist you with, and I hope I answered your concerns.
The bank/Freddit Mac sets the listing price. The listing agent and an outside agent likely did a BPO (Broker Price Opinion) that the bank then used to help set that price.
I doubt there's a policy in place like the one the listing agent described. However, he may just not want to be bothered. REO listing agents can be that way sometimes, especially those with a lot of listings.
Regardless, you're not going to convince the agent to lower the price. If it's not worth what the seller is asking, make an offer that is worth it. If the seller doesn't accept it, wait for the price to drop or move on.
Have your Realtor do a Comparative Market Analysis (CMA) using Sold comps that have sold within a 1 mile radius of the property (the closer, the better) that have Sold within the last 3 months. This will give you current market value.
The seller ultimately sets the price with advice from the listing agent. Contact a Realtor in your area to represent your interest. They will be glad to run the comps for Free I'm sure. Good Luck!