Home Buying in Largo>Question Details

Vickie Morris, Renter in Largo, FL

Woud the bank take $68,000 for this townhouse. We have already been preapproved. I notice this has been for sale for almost a year.

Asked by Vickie Morris, Largo, FL Mon Mar 4, 2013

This question was asked from this property: http://www.trulia.com/property/3086703456-6559-Black-Mangrov…

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An offer of $68, 000 is likely going to be too far below fair market value for the bank to consider. Have you seen the unit yet? Give our office a call and we will set up a convenient time for you to see 6559 Black Mangrove and find you some others that could be good possibilities for you.


Fred Strickroot
0 votes Thank Flag Link Mon Mar 4, 2013
Hi Vickie,

The lender for this property approved a sales price of 93K (the list price) in Dec, 2012 so it is probably unlikely the lender would now accept an offer of 68K. As others have mentioned, a written offer must be submitted to the bank if you're serious about this property. I'd love to help and if you're interested in obtaining information about similar properties I'd be happy to provide listing information on similar homes in the area.

Warm Regards,

Linda Mann
REMAX All Star
727-422-0069, Mobile
lindamann1@live.com, Email
0 votes Thank Flag Link Mon Mar 4, 2013
Verbal offers are not accepted. you would have to either contact teh listing agent drect to submit an offer in writing, or hire a buyer broker to assist you. You should make your best offer up front, include a prequailification letter and a deposit. you should offer to close within 30 days and reduce or elominate contongincies.
0 votes Thank Flag Link Mon Mar 4, 2013
Good Morning Vickie Morris,

You would have to submit an offer with the seller/bank to know if they would accept a specific price. Sellers will not take verbal offers and will require proof of funds for a cash transaction or a pre qualification letter from your lender to accompany an offer. Let me know if I can assist you. I know this complex.

Best Regards,

Jay K. DeBussy, Inc.
RE/Max Metro
116 Pinellas Bayway South
Tierra Verde, FL 33715
cell 727.692.4543
0 votes Thank Flag Link Mon Mar 4, 2013
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