« Buying a home after foreclosure | Main | How Much To Offer A Bank »
April 12, 2006
Must have a listing agreement
if a listing agreement is part of the foreclosure package do you try to get out of listing it by telling bank that seller doesn't want to list? if bank insists on listing agreement what should the listing price be? should it be the same as the offer?
If the bank insists on a listing agreement then list it at a fair price. Even a little higher price is not bad. Usually the house is in rough shape and if you have it listed at a price that would reflect good shape it will not sell if it's in rough shape. Make sure you are communicating with the bank that your interested in the property before they take it back. No, it should not be the same as the offer. You want your offer to be lower then the listing price.
Posted by paulwells at April 12, 2006 3:32 PM