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- ♂ (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- ♂ (0 bytes) () 12/27/2011 postreply 14:54:21

• Set A Max Price You Are Willing to Pay -monkeyboy- ♀ (396 bytes) () 12/27/2011 postreply 16:14:48

• Thank you all. how do you value a property? -jason64- ♂ (618 bytes) () 12/27/2011 postreply 16:44:48

• Investment Property Should Look At Income It Produces -monkeyboy- ♀ (267 bytes) () 12/27/2011 postreply 20:26:14

• research, research, research. -planotx- ♂ (644 bytes) () 12/27/2011 postreply 17:07:26