listing price: First Time Home Buyers Scrambling - 08/23/09 11:35 AM
First Time Homebuyers Nationwide are scrambling to find a home that they can purchase in time to receive the $8000 Tax Credit. Home sellers are competing to get offers from this very active section of the market. Competitive bidding is taking place on REO/Bank Owned homes that are priced aggressively.
A common strategy is to price the home slightly below market value for a quick sale. We are seeing multiple offers on these homes and quite often  they end up selling ABOVE the listing price. Asset managers are seeking the HIGHEST AND BEST OFFERS, and quite often that means a cash … (1 comments)