Luetta Newnam…, Real Estate Pro in Scottsdale, AZ

How do Lenders Determine the Asking Price?

Asked by Luetta Newnam, Broker, Scottsdale, AZ Tue Dec 9, 2008

What information influences the lender owned asking price? If they use appraisals do they have a percantage they price above or below that number?

Help the community by answering this question:


Lenders generally use Appraisals and BPO's to determine the market value for their and real estate agents influence the lender's asking price.

I'm not aware of any percentages involved - but each lender is different.

Hope this helps!


0 votes Thank Flag Link Tue Dec 9, 2008
Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2015 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer