Skip to content
×
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
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
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 about 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

User Stats

8,666
Posts
4,014
Votes
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?

Loading replies...