The Bank Asset Managers, the bankers selling the real estate, are tuff guys and play with their own rules that change often. They try to turn these real estate sales into auctions taking several offers at a time then asking for "final and best offers". Many people think these homes are always sold far below market value. "WRONG". Bank-Owned / REO homes and condos are usually for sale at or close to the true market value. I know of real estate that has had 3 seperate appraisals before the selling price was settled. Some of these homes are very good buys many are not. Be cautious and work with a Professional Realtor.
that's my $000,000.02 bg
Pete Marriott and Bill Garrison Professional Sarasota Realtors ® Prudential Palms Realty . http://www.valuesarasotahomes.com/