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Federal Hill : Real Estate Advice

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  • Local Info1
  • Home Buying3
  • Home Selling0
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Activity 2
Mon Jun 13, 2011
Joe Pfeil answered:
Unfortunately, if a property has multiple offers on it, and many forclosures do, the bank has the listing broker go to a "higest and best" offer situation. This gives all of the people making an offer an opportunity to make a higer offer, the best offer that a buyer is willing to pay, thus, Highest and Best. If this is a good investment for you, and you are willing to offer more for the property, have your agent do a CMA to establish a "fair market value" for the property. The banks today are looking at this as a basis for selling their properties. ... more
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Sun Jun 3, 2012
Christopher Cox answered:
Hi Yujia,

My advice is that you should either have 100% faith that your Realtor is acting in your best interest or you should find another Realtor who you do trust. Your should ask your Realtor to do a market analysis for the property if they haven't already.

Happy Hunting,
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