| Name:
Lori C.
Title of Question:
Offer to purchase |
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Question: Are home list prices typically listed at a certain percentage of what the seller really expect to get. i.e. list 5% more than expectations |
Post Your Answer To The Question Above:
Name:
jacob
| Date: June 5, 2008, 8:02 am
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| Answer:
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| Name:
james
| Date: June 28, 2008, 12:39 pm
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| Answer:
On the property we are purchasing we had to bid above the asking price. We first bid at 95% and the bank did not respond to our offer. Meaning that there were higher bids. So our realtor had us submit another bid which we did at a price $5,000 higher than the asking price. We also submitted with the bid a loan pre-approval and a letter stating the reason for our purchase. |
| Name:
Jerry
| Date: August 4, 2008, 8:19 am
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| Answer:
Once an offer has been verbally accepted can the seller change their mind and accept a higher offer |
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