Question : Real Estate issue – - – What would you do?
Here in Tampa, Florida, a lot of houses are sitting on the market for awhile and 90% of houses for sale are short sales or bank owned properties.

There is a townhouse that I really want that is banked owned listed for 89,900. It JUST came on the market on Friday, so 2 days ago.

The EXACT same model townhouse with the same features and everything just sold for $ 105,000.

We went today to look at the townhouse and it was move in ready, didnt need any work except 2 of the rooms needed to be painted another color because they were aweful colors.

Anyway, I called the listing agent today and they said there were already 2 offers in on the property and that on Tuesday he would be sumitting all the offers he gets up until Tuesday morning.

My question is…What should I offer?

Now days a lot of people think they can low ball bank owned properties, but this one is priced really good.

Any tips on how I can make sure they pick my offer?
Yes I am already pre-approved for $ 105,000 and have a letter from Century 21 mortgage.
I asked what should I do?

and I dont have 95K cash, I said I was approved for $ 105,000, so saying you would offer 95K cash doesnt help me.
houses for sale in tampa florida

Best answer:

Answer by Blue October
in this market…skip the real estate agent…they are just looking for the commission….go directly to the bank and have ‘frank discussions’ with them about what YOU want to offer and WHAT YOU can afford.

good luck :)