Banking asking for highest and best offer!

[Garrett Todd]

So, we have been working a pre-foreclosure in the neighborhood. It has been on the market for 5 months and we were the only offer. The bank negotiator asked to justify our price with a list of repair cost. We sent it in last week and included the outside issues that would need to be resolved. This was enough to justify the 16k less than ask. Now next one that speaks is screwed! The agent called and said we have another offer is this your best? Should we hold at the same price?