Profile picture for user2686043

I offered full price on a REO home listing. The realtor representing the bank rejected the offer

Can a bank reject a full price offer, in a multiple bid offer, and continue to list the property as active?

  • July 09 2012 - US
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Answers (1)

Profile picture for sallygrenierRE
No seller (including a bank) is legally obligated to accept a full price offer. (And there's more to an offer than the purchase price). It's possible that the agent listed the price too low, and the bank indicated they wanted it to be listed for higher. Or maybe they just didn't like some of the other terms of your offer? Who knows. Maybe your agent can ask the listing agent to provide some input.
  • July 09 2012
  • 0Yes

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