Here’s a parody of what it is like to purchase a bank owned home in today’s market. Sad but true the conversation is very realistic.
Best enjoyed with a Cabernet or perhaps a nice stout beer.
Unfortunately there’s so much truth to this it makes me want to cry.
About the Author
Kristal Kraft
Kristal has been helping buyers and sellers in Colorado since 1984. She enjoys sharing her knowledge of the Metro Denver Real Estate market via blogging and in person while driving around the beautiful Rocky Mountain town of Denver! For fun, Kristal enjoys shooting things with a Canon. Visit Denver Photo Blog
Kristal Kraft
2 Comments
That video is pretty close to the truth. What is worse is when the bank agent keeps investors/buyers in the back pocket and makes sure they get the deal. Every once in a while we get an offer accepted.
I loved it. This is more than true. We had a deal 2 months ago with a bank that their asset manager told us we offered too much. We were 10% higher than the appraisal the listing agent presented to her( by the way, the other offer they had was by the listing agent for 10 % less). I argued with the Broker and the Asset Manager and lost. They said they could not take an offer higher than the appraisal. This was an offer a group member of mine had put together. Our buyer was upset that more was not better. He approached the bank directly. They decided to stay with the 10% lower offer. This was a tarp money center bank. Our government dollars well spent.