Rise above Your Competition There are likely to be several people submitting offers simultaneously for the same property that you are interested in. What do you have that would be highly regarded by a lender, and that would give you an edge over your competitors if their offers are for similar amounts?
Justify Low Offers with Documentation Keep in mind that lending institutions must price bank-owned properties at “market value” to prevent the negative impact that underpricing would have on the values of other properties in the neighborhood.
