bargain: Are Short Sales and Foreclosures always Bargains????
- 05/12/14 01:38 AM
Everyone loves a bargain! When you hear key words like foreclosure and short sale, do you instantly think bargain??? Every situation is different but when a bank lists a property it’s usually below market value. The bank will keep property active long enough to get as many offers as possible. Yeah, the listing price might be set low but at the end of the day there are multiple offers which cause the price to be elevated. This is also called a bidding war. The process can become very aggravating for a buyer as they get constantly get out bid. Keep in mind some … (6 comments)
Everyone loves a bargain! When you hear key words like foreclosure and short sale, do you instantly think bargain???
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