We are attempting to purchase an REO home,
We put in a Best and Final offer, but have not had a response in 3 weeks. There were 2 bids (mine and one other) and since then a 3rd offer has been submitted, plus they reduced the price of the home. Is this normal practice?
Answers (1)
FIRST ANSWER
It can be for that bank. Each bank has different practices. Your offer must have been too low for them to consider. Are you working with a Realtor or through the bank itself? Either way - contact your realtor or the person you put the offer in with to see if they will counter offer. You need to stay in front of them if you want the house. It can be really frustrating, but many times the last person standing gets the house. So hang in there. Good luck.
Didn’t find what you were looking for? Ask a question!
Ask a question
Got a real estate question? Get answers from locals, experts and real estate pros.
Email me when…
View all »
1 - 3 of 44
|
|
|
|
|||||||||||
|
|
|
Copyright © 2009
Trulia, Inc. All rights reserved. |
Fair Housing and Equal Opportunity
Fair Housing and Equal Opportunity
Help us improve our service—send us feedback