Profile picture for r jo

A first timehome buyer

736 cresthaven rd Fannie Mae's property. 40k appraised than the original price. and  price is not in my budget. how to bid? suggestion please
  • September 13 2010 - Coppell
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Answers (3)

Best Answer

It is very odd that the bank priced it so high.  The loan balance on it is much lower.  They very likely had the appraisal come in at that price and think that it will sell for that much.

These days, many people are paying a lot to be in Coppell ISD.  The owners had it on the market for 309K just a couple of months ago.

I'll be happy to help you with the offer if you are not represented already.  Feel free to reach me through my profile.

Naima
  • September 13 2010
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Profile picture for wetdawgs
when looking at houses, it is very tempting to look higher than your budget.  Of course they offer more, bigger, more upgrades.   Don't torture yourself.   Look within your budget.


The property you link to suggests it has been on the market for less than a week, if I'm looking at the right one.  This is the time when you have far less room for low balling than when a property has been on the market for six months or a year or more.

Good luck with  your search.
  • September 13 2010
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Make sure you are only looking at homes in which the current market value is with 5 % of your budget. Make your best offer up front and make sure you are working with a Professional "Local" Realtor!

Your Friend & Realtor,

Tony Lewis
RE/MAX of Valencia
[contact info removed by moderator]
  • September 13 2010
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