Let the bidding wars begin! Does it still happen in your market? - 08/07/07 05:54 PM
Bidding wars on listings? Does it still happen?
I may have stumbled upon a new way to sell stagnant listings? I have this listing that was previously listed for $284,000, $279,900 and most recently for $259,900. The sellers never had an offer. The sellers paid for a bank appraisal just for kicks this week. Because of the declining market, it only appraised for $250,000.
The sellers stated they wanted to sell it and move on with their life. Their mortgage balance was under $125,000.
I suggested pricing it for a bargain price of $199,900. We mentioned in the MLS remarks that "The seller would take … (15 comments)

 
David Elya ABR, CRS, e-PRO, GRI, SFR - Broker (BROOKVIEW REALTY) Rainmaker_large

David Elya ABR, CRS, e-PRO, GRI, SFR - Broker

Rochester, MI

More about me…

BROOKVIEW REALTY

Address: 623 N. Main Street, Rochester, MI, 48307

Office Phone: (248) 652-7000

Cell Phone: (586) 286-3283

Email Me

Read the premiere Macomb County Michigan blog. David Elya is the full-time Broker Owner of BROOKVIEW REALTY in Rochester, Michigan. David is a licensed builder, specializing in single family, new construction, multi-family, condominium and vacant land in Oakland and Macomb County, Michigan.


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