[quote=spdrun]Comps in the last year seem to be within +/- 10% of my offer. Some sold at the price that was the full ask, some sold 10% below my offer price. Bit of a crap shoot.
No idea what the bank will do with the offer, but it’s nice to see some action from the seller at least. If this doesn’t work out, there are plenty of foreclosures/shorts in the Northeast right now that pay 8-9% cap, so I’m not worried.[/quote]
OK, so 10% below list puts your right in the middle of comp. So, in essence, the listing was just on the high side. Good luck to you on the offer. I’ve got SS offer accepted below asking before, only to get the bank doing their BPO then saying no.
