Yes, you can offer any price you want, but the bank is under no obligation to accept the first offer that comes through the door. Remember, bankers are business people; they will obtain an opinion of the home's value from an appraiser or real estate agent, then they will market the home through a real estate agent at the price they think it is worth. If the home is not listed for sale in public, you should assume it is not for sale. Banks have been slapped pretty hard by the Federal courts for selling homes their friends or family, and not putting them on the open market.
Your best bet is to hire a Realtor to represent and advise you on the value of any home you are interested in purchasing.
Best Atlanta Properties
It generally works out better when the property is listed with an agent, the bank has set a price per an appraisal they've paid for, and to offer on the home as if YOU REALLY WANT that home. The bank will always take the highest and best offer. When there's multiple offers, the listing agent is sent a form or has a form for each buyers' agent to fill out. This gives you, the buyer, an opportunity to increase your offer price, keep it the same, or withdraw your offer altogether.
Hope this helps and Happy Hunting!
Bricks and Sticks Realty, LLC
Generally until the bank lists the property with their agent they will not consider any offers. They rely on their agent to provide guidance as to price.
While you can make any offer, the offer you need to make is the one right on the seller's bottom line. No matter how hard your serve, if it is out of bounds you lose.
RE/MAX Greater Atlanta
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2050 Roswell Road
Marietta GA 30062
404-386-3682 Assistant Robin
678-760-6266 Buyerâ€™s Agent Adam
The Bank will always take the highter offer, that will net the bank the highest dollar amount .
Isabel Elsesser, Realtor
First United Realty
Save Time & Money!
Over 26 Million SOLD
You would be better off with an experienced Realtor advising you. Your Realtor can educate you about the condition of the market and proper pricing as well as many, many other aspects of buying a home.
And the best part? For this expert professional assistance you will most likely not have to pay your Realtor. Your Realtorâ€™s commission will, in most cases, be paid by the seller.
With any property, you can always offer in price that you want. Just remember that the seller is under no obligation to even respond to an offer that they deem to be too low. With low inventory levels right now, many properties to are often selling for very close to or sometimes even above the List Price.
Rodney Mason, NMLS #151088
Sr Loan Officer
825 Juniper St NE, Atlanta, GA 30308
Office: (404) 591-2453
Apply Online at http://www.rodneymason.com
Licensed in Alabama & Georgia with over a decade of lending experience.
Prospect Mortgage offers a full selection of mortgage programs including:
Conventional | FHA | FHA 580-639 FICO | FHA 203K Renovation (Streamline & Consultant) | HomePathÂ® | HomePathÂ® Renovation | HomeStyleÂ® Renovation | VA | USDA | GA Dream | Jumbo Financing.