I often wonder if it is the bank who is rejecting buyers' offers or the agents that don't know how to justify the offer. Then it makes me wonder if the banks know the kind of offers they are rejecting. I mean I had a short sale with an offer at 299,000, which was a good price for the area. The second did not want to lose out on the second part and so rejected the offer. The house came back on the market for 250 and they sold it for 240. Now I don't think the bank realized it lost out so much money but there are so many people in between that they don't realize some of the things that are going on. So who is really losing out on this money????? What do you think????
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Keller Williams Indy NE 317-290-7775 www.marchantteam.com - Carmel, IN
"Cindy in Indy" , Realtor, Fishers Real Estate
I have not had any good experiences with banks; they turn off the electricity so that the sump pump doesn't work and flood the basement, they won't remove mold or give an allowance so buyers walk away, they won't accept decent offers, etc... I think they aren't in the business of selling houses and just don't take the time to do the things that make sense. At least, that's been my experience.
Sep 15, 2008 01:44 PM
Tarbell Realtors - Upland, CA
I agree Cindy...no wonder we keep hearing all these horror stories of all these banks going under and our markets crashing. There is no oversight to what these bank are doing.
Sep 15, 2008 05:20 PM
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