firesale

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Location:	California

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Our agent has advised us to offer 10-30% over the listing price on several homes. Does this make sense?

Asked Tue Sep 2 2008, 22:53 by Holly - Santa Rosa - Home Buying - 18 answers

firesale answered:

Y'Know, you should only offer what is you are comfortable with, what you can afford, and what you feel the house is worth to you at your income level - taking into account all the issues that come with an REO property. Anything above that is crazy! Only a truly free market will define the relative housing value. Blind bidding over asking price will not make the property worth more than it actually is. - Fri Sep 5 2008, 20:43

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