This market is experiencing a strange twist. Our agents (me included), have been submitting offers on bank owned properties and experiencing multiple offers and counter offers. Strange, huh? The banks are pricing properties at or below market value and savvy buyers recognize the values. When we run comps we are analyzing solds and actives, since solds represent yesterday's market and actives represent tomorrow's market. It feels a little strange to be recommending full price- and sometimes over asking price-- offers, but that's what it's taking to get into contract on the aggresively priced REOs. What are other agents experiencing?
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