Question
Why would a bank-owned abandoned home jump up almost 30% overnight?
This house has been sitting there for a year and needs at least $60k to fix it up. In literally one day it went from $123k to $162k. WTF if it doesn't sell at 123 it's not going to sell for 162, right?
4 weeks ago - 3 answers
Best Answer
Chosen by Asker
An asking price is just that. If you make them an offer for $100K they might take it. You can say you would pay $162 if it were in pristine condition but want $60K in "allowances" to do the needed repairs. What has prob happened is a similar house in their inventory or nearby sold for a higher amount which changed the "comp" forr the house you are interested in.
by Peter
4 weeks ago
Asker's Rating: 