REO FMV Is 154, Reduced To 142, Been Listed Since October

do you think 120 asking price is too low?

Comments(5)

  • Phaisit6th March, 2004

    here is the pic of the house

  • paulabe7136th March, 2004

    Nice house....I think the FMV you quoted is way low for that house. What on Earth is wrong with it?

  • MikeWood6th March, 2004

    House looks great, but you really need to figure out comps for the area that it is located.

  • Phaisit6th March, 2004

    thanks for replying

    i did an inspection, nothing is wrong with the house all it needs is carpet and painting. comparibles are like 150-160 for the house

    we have alot of houses like that down here in tarrant county texas. when i saw a 20/20 special for houses in ca and saw how they looked I was really suprised a house that looked like th eone i saw went for 200+ .

    But the FMV is correct, its for 154, and th elisting price is now 142

  • active_re_investor9th March, 2004

    Try the 120K figure. If they go for it then you have a winner (based on the info provided).

    If they counter you will know a bit more about their thinking.

    John

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