Wednesday, January 28, 2009

Short sales/Bank Owned Properties

I must say there is activity out there in the local real estate market here in Wilmington, NC. After showing a bank owned property & submitting an offer, there was another offer submitted. As well, one offer on the short sale next door & one on the unit in the next building.

Moving on to another bank owned property, which I inquired about today, there had been 10 offers when it was previously in MLS. One of which was accepted & then fell apart. This go around, there are 5 offers on the table and more coming in.

Shows that there are buyers out there trying to get the "deal" or "value" in the home purchase. So for sellers, whatever the situation, PRICING IS KING!