it is like an auction

I have seen many of those cases.  The seller put up a really low list price and wait for multiple offer.  In most cases, it is REO and bank wants it off-hand ASAP without any repair.  The final price is always higher than the list price. 

One example: a house in Plano listed 60k with market value at 170k+ in 2010.  It needed $40k reapir in my estimation.  It was sold at 71k.

所有跟帖： 

• But the final price is still way lower than the market -va_landlord- ♂ (0 bytes) () 03/27/2012 postreply 09:54:53

• but it leaves a lot of room for insider... -planotx- ♂ (262 bytes) () 03/27/2012 postreply 11:49:57

• mostly likely you will always lose, no matter how much you bid. -texastrader- ♂ (59 bytes) () 03/27/2012 postreply 16:59:19