What is the REAL price of that bank owned Silver Lake home?
By Jenny Durling, For Los Angeles real estate help 213-215-4758
(L.A. Property Solutions)
What is the REAL price of that bank owned Silver Lake home? I have a client who would like to buy a foreclosed property in Silver Lake. When he sees listings come on the market that seem like they are too good to be true, his first question to me is always" is that the real price or a fake price?" For anyone who has been looking to buy a property in Silver Lake California lately, you are probably starting to wonder when you can and cannot ‘believe' the list price of a property. Many agents have been listing bank owned and short sale properties far below their actual market value. It's getting to the point where I want to tell my clients just to ignore the asking price completely! It makes sense for a seller to price a property on the lower end of market value in order to generate int...
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