Kat answered:
hi Allen,
Bakersfield is a hotspot for short sale/ reo's , a property can be active then changed to pending or contingent when a bank accepts a bid , please realize that these properties more often than not go into multiple bid as soon as the same daythat they are listed this is not your REALTORS fault. Banks ask their agents to ask for highest and best which in turn they tell your realtor and your realtor should tell you, sometimes there is no highest and best and the bank just picks one.maybe because of another problem the deal might fall apart and be put back on the market...hurray go get it!! SAMPLE:as a recent event ,a hvvc has been put into place and now with apples[3 bdrms] being compared to oranges [4bdrms]appraisals cannot be challenged even though it might be an appraiser from out of town,appraiser doing wrong comps,appraiser not knowing towns MLS System or a variety of reasons.Dont blame the realtor,ask the questions!
Bakersfield is a hotspot for short sale/ reo's , a property can be active then changed to pending or contingent when a bank accepts a bid , please realize that these properties more often than not go into multiple bid as soon as the same daythat they are listed this is not your REALTORS fault. Banks ask their agents to ask for highest and best which in turn they tell your realtor and your realtor should tell you, sometimes there is no highest and best and the bank just picks one.maybe because of another problem the deal might fall apart and be put back on the market...hurray go get it!! SAMPLE:as a recent event ,a hvvc has been put into place and now with apples[3 bdrms] being compared to oranges [4bdrms]appraisals cannot be challenged even though it might be an appraiser from out of town,appraiser doing wrong comps,appraiser not knowing towns MLS System or a variety of reasons.Dont blame the realtor,ask the questions!
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