Dm

I'm a:	Just Looking
Location:	Fresno

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We've made an offer of 190K on a bank owned property that was listed for 169K and got accepted.

Asked Fri May 30 2008, 18:45 by Milan - 95823 - Home Buying - 10 answers

Dm answered:

I'm in the same position. But to answer a question posed "why would you pay more for a home than what the asking is?" We offered $14,000 above asking for a home and at that time there was no other offers. We loved the home.
But with our situation which is ongoing is we cant get a signed contract. We keep agreeing and signing the addendum the bank requests without negotiation, giving them everything they are wanting and two months later we're still waiting. Here in California with the price of homes still falling (some we've looked at are now $80,000 below their original asking) I can't see why this bank hasn't jumped on a sure deal. Very confusing. - Sat Jul 5 2008, 23:11

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