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Updated almost 13 years ago on . Most recent reply

User Stats

54
Posts
7
Votes
George Ramsay
  • Investor
  • Marietta, GA
7
Votes |
54
Posts

Bank property affecting ARV

George Ramsay
  • Investor
  • Marietta, GA
Posted

So I just completed rehabbing a property and am listing it for a little over 150,000. Another investor property is selling for 149,000 just around the corner. Last year the bank was offering a 3rd property down the street for 154,000. They just relisted it for 129,000, and it's in decent shape.
So I've been talking to my agent about putting in a lame offer that won't be accepted just to "remove it as competition".
But I'm wondering if there are any other creative strategies for dealing with this situation, and removing this property from the area comps, that wouldn't be considered criminal. ;)

Thanks alls

Most Popular Reply

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8,666
Posts
4,014
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Jon Klaus
  • Developer
  • Garland, TX
4,014
Votes |
8,666
Posts
Jon Klaus
  • Developer
  • Garland, TX
Replied

How would making a lame offer remove it as competition?

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