Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Foreclosures
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 8 years ago,

User Stats

73
Posts
12
Votes
Traci Lovelace
  • Investor
  • Tampa, FL
12
Votes |
73
Posts

Fannie Mae sitting on offer

Traci Lovelace
  • Investor
  • Tampa, FL
Posted

So, my husband and I have never successfully purchased a Fannie Mae property.

We have an offer in now on a property that has been on the market since 4/26 and the price reduced for the first time on 6/3. Our offer is greater than 80% of the list price. Other offers have been rejected recently over things like requesting home inspections, or lack of EMD, such as an offer competing with ours. Ours is cash, closing in 30 days.

Our agent said the asset manager is sitting on our offer, probably hoping for a higher offer to come in.   We are prepared to go up a little on price but his advice is to wait a bit, which means over the weekend.  If another offer comes in, they may not call for highest and best.

This is stressful.  Should we be looking to raise our offer at this point or just hold on?  TIA

Loading replies...