When you make an offer on a home that is bank owned you truly feel there is no BS involved the decision is soley made on numbers and terms. I don't know if this is true looking at what I have seen today.
Just over a month ago, we put on offer on a beautiful Jupiter Farms home, listed at $295,000... We liked the home and felt it would be good for our family for a year or two. We had to sign somthing saying it would be a full time residense and offered $300,000 cash, 3 week close. We made this offer on day 2 of the listing, the listing agent told us the bank didn't look at multiple offers and just took the first price they were OK with, $295,000 cash. Being a bank owned home, the property is supposed to give first dibs to owner residents as apposed to investors.
So just listed today, not even marked SOLD on MLS yet, 9268 Sandy Run Rd $449,000 in Jupiter Farms, as I was told these residents planned on living in the home, but have decided not to sell there waterfront home and are unfortunitly going to have to sell the home, all be it asking $150,000 higher then what they paid.
This Jupiter home would have been perfect for us, and I can't believe that!!