it is like an auction

来源: 于 2012-03-27 08:28:56 [旧帖] [给我悄悄话] 本文已被阅读：次

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.