New to the forum? Sign Up Here! Already a member? Please login below.

Forgot your password? Need Help?  
Boston - April 7th, 2008 1:26 AM

I put an offer 2 two weeks ago on an REO (Bank Owned property). My offer will expire tomorrow. I spoke to my realtor yesterday and he said the bank might ask for an additional 2 weeks since they have only received a total of two offers. I really want this house. I am afraid someone else is going to offer a higher amount. I am told that I can make a higher offer once someone else makes a higher offer than what I have made. PLEASE HELP.

Josh - November 24th, 2007 9:32 PM

I recently offered 10% below asking price on a REO that needed a little love (probably 5% of the asking price). They rejected it. I don't know whether to counter. My general feeling is that they can sit on their thumbs and twirl while they wait for someone to offer full price.

Message:


Please login or register to post on this thread.