Regarding asking price - forget the asking price. Bottom line is your agent needs to know how to negotiate with the banks. I do it every day.
Banks will not accept offers contingent on sale of your house unless it is under contract, and even then there are restrictions. There are always exceptions and it depends on the seller. I deal with about 15 different asset management companies and dozens of banks and they are all different.
As someone else on here pointed out, it is not a good time to sell unless you have equity and can roll it over to a screaming hot deal.
i am trying to get 2 sons to get houses now thru va repos. $500 down and small closing fee which is taken out of the loan amount. get the best agent u can to handle yr business. now 6% interest.