Buyers pitching low ball offers for homes for sale in our market are finding fewer and fewer sellers willing to take a swing at these low offers. With bank sales making up the biggest part of the solds in the area, buyers are finding their low ball offers often ignored or rejected by the bank in favor of offers with more favorable terms and conditions. Many banks are now instructing their listing agents to respond to offers on the REO property with a request for the buyer to make their "highest and best" offer for the lender to consider.
If you need help in determining a fair offering price on a home, contact me to be referred to agents who successfully negotiate bank owned deals daily.
Related Florida real estate views:
Nearly 6 of 10 homes sold in Osceola during March were bank owned homes
Multiple offers on a bank owned home
How can you avoid overpaying for a home in Florida?
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