foreclosure multiple offers
I made an offer on a foreclosure, help needed!!!?
The house is listed at $135k with multiple offers on the table. I offered $137k, is this a strong enough offer even though the tax value is $156k? All taxes are up to date and the location is great. Selling agent came back wanting our highest and best. Please advise!!!
The bank is very smart out there. They are looking for someone who’re willing to pay the highest price. They counter offer even yours is over their asking price, so don’t fall into their trap to raise the offer for just being asked. Evaluate the house and the surrounding houses on the market to see if it’s worth for you to offer higher. Be sure to do a house inspection because the bank they don’t take care of the house and they don’t fix anything that’s damaged by the previous owner. ALL of the foreclosed houses are sold “as is”. So watch out.
