Ever since I have been selling Real Estate in Las Vegas I always come across listings by banks, Brokers and Real Estate Agents with low-ball homes either to get the best price they can because it becomes a Bidding War, or to possibly attract clients and get them into a different home if their offer is not accepted.
Me personally ... "I think it's (Bull-Crap) and should not be allowed in the Real Estate Market. But then there are others out there that think it's OK and acceptable.
In Las Vegas Nevada there are so many - so many homes on the market, and a person can get a really great deal.
So why would anyone get caught in this little web of crookedness & lies?
Why would anyone make offers on a home and pay more then what it's listed for, when you can purchase a home on the same block and not get into a Bidding War Game.
(Let me give you a great example):
Vegas Bob drives by a (Car Dealer) and sees a car he really likes, so he pulls into the Dealership. The price tag on the windshield of the car has a price of $9,99.99 written on it. A sales person comes out to greet VB with a hello & handshake. Vegas Bob says to the sales person ... "Is this the right price your asking for this car"? And the gentleman says yes ... VB says this is way to cheap, I will give you $15,000 for it ...
I don't care if a Bank is selling a Casino, Building, Home, Airplane, Car, Motorcycle, Etc, put the best price possible on your object your selling and quit playing games ...
And this goes for you Brokers & Agents across the country trying to Sucker people into your game.
If your going to sell a home like this, have a auction and a person with a "Bullhorn" and bid the home like this!
Robert (Vegas Bob) Swetz 9-14-2011
PS - If you want to throw your hard earned money away ... "Throw it at Vegas Bob" so I can take another vacation ... ;o)