Profile picture for amy halstead1

How do you make a bid when the sales price is not realistic for the neighborhood

  • September 09 2013 - Chattanooga
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Answers (3)

Profile picture for travisclose
I would start with consulting with your agent. There are some listings that seem to be priced higher than the neighborhood will allow. Sometimes there are different reasons for this. Your agent may be able to supply you with accurate numbers for that neighborhood to help you decide where you should start with your "bid".
  • November 12 2014
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Profile picture for Ofe Polack
I suggest that first of all you work with a buyer agent, who can provide you with comparative properties.  You make a "bid" on auctions, you make an offer on the purchase of properties, so I do not know whether you are going to an auction or writing an offer, either way talk to professionals that can help you achieve your goal.  The best of luck!
  • September 09 2013
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Hi Chattanooga -
When you say make a "bid"  - sounds like you are looking at a foreclosure or auction.  As with any offer to purchase, you can offer or bid whatever you think it is worth and you are willing to pay.   Often with an auction property or a foreclosure, the bank has a minimum they are willing to accept so you may not get the property even if you are the highest bidder. It is always recommended to work with a Real Estate Professional who can comp the property and help you determine value.
  • September 09 2013
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