Asked by Laura, Bolingbrook, IL • Thu Sep 15, 2011
My home in just went under contract. We agreed on a selling price of 186K with the buyers. However, there are several bank owned homes that have sold in our neighborhood over the past 12 months. The same model 3 doors down was bank owned and sold for 158K. There are a few other homes that were bank owned that sold for anywhere between 150-170K We are thinking the apprasial is going to come in low due to the neighborhood foreclosures.....what do you all think?
The last non-bank owned or short sale transaction just occurred in August and that home sold for 175K and it has 300sq feet more than hour house! Prior to that the last regular sale was last OCT for 195K
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