Asked by chiguy773, Chicago, IL • Sat Jun 4, 2011
I have my eye on a 2 bed 2 bath condo, its an REO and I feel it might be priced a little high. Other 2 bed 2 bath foreclosures in the area have closed for significantly less, however the square footage on those units were also less. I've tried pulling my own comps online but can't seem to find any similar foreclosures with that amount of square footage. Should I submit my offer based on what other similar smaller units have sold for? I noticed that a lot of times sq footage isn't even notated on condo listings and those that are listed tend to be overstated rather than disclosing the actual size of the unit. Any advice would be greatly appreciated.
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