Property Q&A in 30135>Question Details

April, Home Buyer in Georgia

Now the listing price for this property was 207900 but it sold for 154000 after just 74 days, over 50,000

Asked by April, Georgia Thu Jan 29, 2009

bucks off the asking price.
1. Do you think this was the first offer accepted by the bank or did they do a lot of counter offers to come to this final amount?
2. If that was the first offer submitted to the bank, with the number being so low do you think the bank was insulted?
3.What is the safest way the make an offer without insulting the seller? Because 50,000 bucks off is a lot but a great deal for the buyer! Did the buyer have any contengicies on the property?

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April -

It's listed now at 207,900. As far as insulting the bank...are you kidding? We almost put a buyer from VA in here, they had very specific needs with a floor plan and we couldn't get a ramp in as needed. On that deal we had them a good 30% off asking price. Banks want these homes's speed and qualified buyers now more than price.

I see if from both sides - I'm a certified appraiser as well as broker - call if we can help.

0 votes Thank Flag Link Tue Feb 3, 2009
I suspect that the home went into foreclosure and the lender purchased it back at auction. Since this is now a bank owned home...that scenario makes the most sense.
Web Reference:
0 votes Thank Flag Link Thu Jan 29, 2009
Cindi Hagley…, Real Estate Pro in San Ramon, CA
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