SUBMITTED OUR FIRST 2 OFFERS!!!!!!!!!!~
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Hi all! This is my first journal entry.....wait till you hear this......
Found 1 property for $149,900. 2 BR/1 B & submitted an offer for $50,000. Their realtor said that the property was worth more than that, but submitted it anyway. After a few counters, they finally agreed to $100,000 with probate approval. The papers were submitted to the probate attorney, who now says that the price was way too low & that he is going to offer the property to the other family members to see if they would like to purchase it at that price. The attorney felt that if this property was going to be "given away" at this price, it should go to a family member. What????? Isn't the function of a probate attorney to make sure that the will and assets are distributed properly? So here's the $100,000- go distribute it. Our realtor is livid. So are the sellers. Anybody have any ideas? Or opinions?
Now the 2nd offer was for a foreclosure, way below market value. We put in our "best & final offer" but upon hearing that there were 4 other offers, I had 2nd thoughts. My husband called our realtor and she said she would see what she could do, but she said that the other realtor did say "best & final offer". The bank's realtor was very arrogant & flatly refused to hear of any price increase on our offer & said that it was already submitted. Basically she said "tough luck". Well, I began researching & discovered that the attorney for the party that was being foreclosed on also handled some property transactions for us about 25 years ago. So we called him and explained what the bank's realtor had said & he told us to call that realtor & tell her that she is obligated by law to submit all offers and any changes to those offers to the bank. The bank's realtor was unusually "nice" & told our realtor that SHE got the bank to consider our other offer. Now, wasn't that unbelievably gracious of her??? lol We still haven't heard yet. But I must say, we are finding this to be so exciting!!!! We are having such a blast!!! So how was your day??????