Home was MLS-now auction--can I make an offer before the auction?

Asked by Marie, Minneapolis, MN Mon Sep 15, 2008

A foreclosed home that was on the MLS 2 months ago is now listed as an auction home with the county and no longer on the MLS. Can a buyer still present an offer to the owner/bank prior to the auction? The date for the auction is three months away and we don't feel like waiting....and the asking price from the MLS listing two months ago is what we would offer. Any advice/insight is appreciated.

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4
Jason Sandqu…, , Minneapolis, MN
Mon Sep 15, 2008
Check with the county to see if they are willing to entertain any offers if the county owns the property . If you need to find numbers you could do a little skip tracing by looking at http://www.pipl.com to try and find a number to get in touch with the owner unless it is owned by a bank.
1 vote
Kim Eisen, Agent, Twin Cities, MN
Fri Sep 26, 2008
The answers here need to be based on actual information, that is not included. Please don't make assumptions (unless they are stated) as to what a person can/can't, should/shouldn't do.

Kim Eisen
RE/MAX Realty 100
"Helping People Make Smart Real Estate Decisions for over 28 Years"
Experience Counts!
(651) 457-HOME (4663)
0 votes
Kim Eisen, Agent, Twin Cities, MN
Fri Sep 26, 2008
Are you talking listed with the county as a 'Sheriffs Sale' or a 'Tax Forfeited Property'? Big difference.

Kim Eisen
RE/MAX Realty 100
(651) 457-HOME (4663)
0 votes
Cameron Piper, Agent, Forest Lake, MN
Mon Sep 15, 2008
Marie,

You are free to make an offer whenever you like. The seller may or may not choose to look at your offer before the auction. I would think that unless something major has changed that if you are making a full priced offer that the seller would be more than willing to entertain what you have to say. Make sure you get an agent to represent you in the transaction since buying from FSBO sellers can be fairly risky.

Cameron Piper
Web Reference:  http://www.campiper.com
0 votes
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