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Grifton : Real Estate Advice

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Activity 4
Fri Dec 6, 2013
Royalyn Lupton answered:
If you are asking about the home located on 755 Ange Road listed for 359,000, it sold for full price and had roughly 12.80 acres
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Sun Jun 20, 2010
The Tingen Team answered:
This property sold on August 03, 2009 for $26,000.
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Sat Apr 10, 2010
Dan Chase answered:
Most often when a bank only will accept cash they know one of 2 things.

1 (most likely) the house has problems and will not meet normal mortgage requirements. It needs some serious repairs.
2 (possible) they know the house will not appraise for the price asked. If a cash buyer does not get an appraisal contingency in the contract the bank will net more money.

In this precise case I would doubt your realtor has done anything wrong. Perhaps explaining this would have been wise on her part, but this happens a lot and is not your realtors fault. Foreclosures and short sales have problems. This is one of them.
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