Laurie

Okay, remove the assessment from consideration. If the debt against the house was 247 at foreclosure, the list price is 315, what would they realistically take given the condition of the home? - Mon Aug 11 2008, 17:19

Thanks again Terence,

The house is well kept, as were the comps in the area. I do want the house to live in, hope to be there long term, and have been pre-approved for the loan.
I am not looking to "make a buck". I look at this as one of the biggest investments I will ever make. Being an investment, I expect it to appreciate, but I don't want to overpay, especially in a down market.
I suppose all I can do is wait and take the risk. If someone else gets it, it wasn't meant to be. I am seeing some fantastic homes out there for less money with more bedrooms and the same amount of land etc. This one was just so close to where I work. I shall not break the #1 rule of investing - I shall not become emotionally attached :) - Tue Apr 29 2008, 09:40

Thanks Terrence,
To answer, I do want the place, but the price is high when you look at the comps. I think my offer was very fair. I did expect a counter offer, but not that high.
I do realize that it is the seller who turns down the offer, but my Realtor stated that their Realtor had advised the client that something was "fishy" (my word). I just don't understand why a Realtor would give such advice. Especially after I provided all of the additional income documentation requested.
Thanks for the advice on the expired listings. I did not think of that.
What are the thoughts on resubmitting the offer? I'm pretty confident the house is not going to sell at the listed price. So should I wait 30 days? Or forget about it because they have a Realtor who has some odd ideas?
Thank You!!! - Tue Apr 29 2008, 06:04

My agent did call the number listed on the sign and the agent is not willing to show the house until Jan 8th. Yet there are "Open House" signs for several blocks around the property with arrows pointing the way to the house.
It is also not listed on Trulia nor on the company's site that is listed on the sign. My agent suspects that he is trying to get a buyer before listing the house publicly. She says it is common practice for this particular agency. Seems unethical to me. - Wed Jan 2 2008, 10:18