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banks: Banks and their idea of real estate - 03/25/09 09:00 PM
After scoring a major victory against the bank and getting "my way" I want to warn everyone not to give up when dealing with a bank. Yes you will get the addendum stating that offer is final, take it or leave it but I fought for my clients and renegotiated the price after our inspection despite their addendum stating otherwise. I did fight for my clients for some undisclosed repairs (mainly trees cut and driveway repaired) despite their as-is clause.... it was not pretty and it was stressful but my clients deserved it and in the end they won. So don't … (0 comments)
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banks: $230,000 over the asking price and still got countered!!!! - 02/20/09 11:15 AM
I wrote a few weeks ago about this house in the Berkeley hills where there were 12 offers. The bank still countered everyone for the highest and best offer despite offers $200,000 over the asking price.... That is pure gluttony. And then the worst part is they accepted an offer with 10% cash down on an REO where the previous owner had stripped the house of everything. You name it and it is GONE... so the house cannot appraise as a livable space. After 2 weeks the buyers backed out because they did not get a loan so the bank decided … (0 comments)
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banks: The headaches of dealing with banks! - 02/06/09 03:55 PM
The market is such that nowadays most of our inventory is bank owned properties and short sales. Rarely will we see a "regular" sale and if they exist you can tell right away in the disparity of asking price!! Banks don't care about making a profit it seems like. They will unload the property their way! I wrote an offer on a bank owned property and the seller= the bank demanded we do our inspections prior to their signing any papers!!! So verbally we are in contract yet I have not received anything short of an email stating that our offer … (1 comments)
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Catherine Krueger
El Cerrito,
CA
More about me…
Marvin Gardens Real Estate
Address: 7502 Fairmount Avenue,, El Cerrito, CA, 94530
Office Phone: (510) 559-2916
Cell Phone: (510) 813-0970
Email Me
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