Costa Mesa Real Estate Blog

29 Offers- Seems like a good way when you are selling to get a decent price for your home, huh?

One of my clients just offered on a Costa Mesa bank-owned home, and in the space of 48 hours, the agent representing the bank had 29 offers in for the bank.

Sounds like the home was priced incorrectly? You're right, but that was probably the strategy the bank was using to draw interest and it worked!

If you are looking for a bank owned home in Costa Mesa, give me a call at 714-743-9882 and I would be happy to tell you approximate values, etc, and what nieghborhoods are selling for.  Costa Mesa real estate will continue (unfortunately) to have quite a few more foreclosed and bank-owned homes come on the market in the near future.

We even have a program that helps you to identify foreclosures and buy directly at the auction, prior to having to compete with 29 offers!!!

Colin Delaney, colin@verandahomes.com

©Colin Delaney 2008