In the Lees Summit, what % off of asking price are banks taking on REO properties today?

Ham
Home Buyer
64082

Answers (1)
Angela Kunzler
Agent
Independence, MO
FIRST ANSWER

In my opinion they have really firmed up on their asking price in the last few months. Homes that would have take $10,000 off at the first of the year I have had to fight to get it at $5,000 under list price. Whether it is a bank or a home owner they come to real estate agents to price them at fair market value. We compare that home to ones that are like it in the neighborhood. Then we deduct for the amount of work that needs to be done to it. We do the same thing for our buyers before they put in an offer. If you need any assistance pricing homes please feel free to contact me.
Angela Kunzler
Prudential Gaslight Realtors
816-714-6920
AngelaSellsHomes@gmail.com

Mon Jun 22 2009, 07:07

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