Property listed last week at $294,500. Why list at low price when they know their not going to accept offer?

Asked by Lisa, 91730 Sun Jan 18, 2009

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Kim Kershaw, Agent, Corona, CA
Sun Jan 18, 2009
The property in question (using the hyperlink to the property you are asking about) is bank-owned and listed at $345,230. The bank would accept an offer at that price if the Buyer submits a complete offer that meets the bank's criteria. In many price points we are seeing multiple offers, especially if the property condition is very good, and that is causing some properties to sell above asking price. To get your offer accepted go in STRONG - at least a full-price offer (based on the researched value of the home), stacked closing costs if you must have the assistance and the larger your down payment - the more attractive your offer is to the bank because it takes away the question of whether you will easily get financing or not.
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