Many times we hear that buyers want to make a "low ball offer" on a bank owned property. Their strategy is that the bank will take any offer, which isn't the case. Banks are pricing their properties about 5% under current market values from the start, so the property already IS under market and a great value.
The other factor to take into consideration is that interest rates are at an all time low, so the "deal" is even more enhanced. Contact our office and we can explain further, or visit our website at www.cghomes.com.
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