[quote=sdrealtor]Urbanrealtor,
The agent has both sides. I know this because it is my business to know these things in this area. It is very easy for an agent to underprice and bring a low offer to the bank of his/her own. Even if the bank turns it down, they stand a good chance of getting a rock bottom price to give to their buyer.
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Yeah. I have not experienced that at all.
However, your area may function a touch differently.
I have found that the bank does not differentiate whether or not the thing is double-ended.
How does the underpricing get a better number for their buyer if the lender turns it down?
(not to say it can’t but I don’t see the connection)
Perhaps you are implying that it lowers the expectations on the part of the lender?
Also, aren’t the approvals generally governed by BPO’s?
(that’s what I am seeing)
