Is this price negotiable? We have been lookin at a few homes around this area.

Asked by Patricia, Fri Jan 23, 2009

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Dawn Lewis, Agent, San Diego, CA
Mon Jan 26, 2009

Unfortunately this home is in escrow. It was an REO and the price is always negotiable. There are many more REO's on the market here in San Diego. My team and I can help you with buying one. Please visit my web sites foreclosure tools and lets get started today.

Dawn Lewis
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Isaac Bensus…, , 92037
Sat Jan 24, 2009

As Seth mentions below, the property opened escrow so the Bank must have accepted an offer. The price mentioned in Trulia was further reduced to $ 325,900. The original listing price was $ 389,900. The property was off the market in December 15, 2008; more than a month ago. The listing also mentions that the home was Bank owned and that it was completely redone with new paint, new kitchen appliances, new doors, new baseboards.

As both agents mentioned below, prices are always negotiable; especially in this kind of a market. Bank owned properties, when they reach a price were Buyers are comfortable with, many times they get bids above the asking price because of competition with other Buyers. With Bank owned properties, you have to move fast.

In my site, you can look for properties anywhere in San Diego, check the prices, see pictures and if you find something that you are interested in seeing, you can give us a call and we will be happy to show it to you.
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Seth Chalnick, Agent, Cardiff, CA
Fri Jan 23, 2009
One other thing... you mentioned you have been looking at a few homes around this area. If you see a home that is listed well below what you feel is fair market value... it is likely a "bank owned" home that either has something that needs fixing... or else is being listed with a strategy that would stimulate a bidding war. If you love the home and think it is underpriced, the best way to get it may actually involve submitting an offer higher than the listing price. A good agent should help you determine when this would be applicable. Likewise a good agent, should also help you identify the right time to submit a much lower offer, when there are problems with the property you can leverage to get a lower price. Hope this helps :)
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Seth Chalnick, Agent, Cardiff, CA
Fri Jan 23, 2009
Hi Patricia,

Everything in business is always negotiable, home buying especially.

This particular home is currently no longer available... it is pending, meaning it is in escrow. There is a chance it could fall out, so let me know if you want to submit a back-up offer, or if I can be a resource in helping you find a similar home that meets your goals.

Speak soon,
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Jeffrey Doug…, , San Diego, CA
Fri Jan 23, 2009
Dear Patricia,

I cannot find this as an active property in the MLS. It may be sale pending, or perhaps sold.

If it is on the market, then yes asking prices are always negotiable. It is always a good idea to check for very recent comparable sales in the area to make sure the home is priced fairly.

I have given you a link to my blog where you can search the MLS yourself if you would like.

Best of luck and sorry I could not find the property.
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