how do you deal with multi-offe(bidding war)?

an agent told me that normally you need to give min. 15% higher than listing price in order to win the REO deal when bank ask the higest and best? Is that true? Do you continue to bid or just run away? Since I am not local and I can not get any foreclosure auction deal, this is the only way to get my deal or waite for short sale.

所有跟帖: 

Stick to what you believe is the value point -beachlver- 给 beachlver 发送悄悄话 (597 bytes) () 12/27/2011 postreply 14:44:30

根据自己的homework定一个底线,千万别做冲头.买卖不成钱还在,等下次机会. -tuv- 给 tuv 发送悄悄话 tuv 的博客首页 (0 bytes) () 12/27/2011 postreply 14:54:21

Set A Max Price You Are Willing to Pay -monkeyboy- 给 monkeyboy 发送悄悄话 (396 bytes) () 12/27/2011 postreply 16:14:48

Thank you all. how do you value a property? -jason64- 给 jason64 发送悄悄话 (618 bytes) () 12/27/2011 postreply 16:44:48

Investment Property Should Look At Income It Produces -monkeyboy- 给 monkeyboy 发送悄悄话 (267 bytes) () 12/27/2011 postreply 20:26:14

research, research, research. -planotx- 给 planotx 发送悄悄话 (644 bytes) () 12/27/2011 postreply 17:07:26

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