Are Those Under-Market-Value Homes for Real?

Buyer radar goes up when a home priced under market value comes on the market.

They circle the home like sharks and wonder how much lower the seller will go. In some cases, a lot lower, in others, not so much because the sellers may have priced it in anticipation of multiple offers. It's enough to leave a home buyer feeling dizzy and wondering: What's a true price and which are decoys, designed to entice buyers to pay more?

The listing price depends on a lot of criteria. For starters, is it a short sale home? Because if the seller is trying to do a short sale, the price is most likely fabricated, pulled from thin air. But don't automatically point fingers at the agents. The banks won't tell us what they will accept until they receive an offer, so we have to guess . . . read more about Under Market Value Homes.

More Articles by Elizabeth Weintraub:

• Buying Habitat for Humanity Homes
  
• For Sale By Owner Short Sale Homes
  
• Reasons to Sell First Before Buying

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