Question Details

Chad, Home Buyer in Monroe County, MI

what is the average or most percentage that realtors have seen bids over the asking price of a foreclosed?

Asked by Chad, Monroe County, MI Sun May 18, 2008

home that has been on the market for one week?in the southeast michigan area?

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2
Lately I have seen bids coming in under the asking price.
0 votes Thank Flag Link Sun May 18, 2008
Chad, Again, each home would be different. Your Buyer's Agent will gladly pull up public records and see what the bank paid for the home. They will also show you comparable sales of similar homes. Rather than simply making a bid, you need to make an educated bid for this home.

This is for all homes in Monroe County that have sold during the past 180 days from my Multiple Listing Service. There will be additional in the Monroe Association of Realtors MLS

Sold Listings: 192 Avg Sold Price:$142,339 Avg DOM: 134.52

Total Listings: 192 Avg List Price:$149,987 Avg DOM: 134.52
0 votes Thank Flag Link Sun May 18, 2008
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