I have a property that had about 4 showings and one offer. The offer came in after two price reductions.
Started at $140,000 - Reduced to $129,000 and then to $119,000
The property needs a LOT of work. Offer came in at $110,000 which was reasonable based on the reductions. BPO was ordered and we got a "picture taker" - The bpo came in at $160,000 and the negotiator told me in order for them to take a different offer I needed to get 3 comps within a certain radius. NO PROBLEM. Sent it FOUR comps within a 1-3 mile radius.
File gets sent to investor, DENIED "offer to low"
I explained over and over to the negotiator that the BPO was not done correctly. A 20 year old girl with a camera is NOT the same BPO agent that was listed to come to the property (I only found this out after the fact)
I finally spoke to someone in customer service who stated that I can wait 90 days and resubmit so they can order new appraisal.
I did. Now we have the SAME negotiator. Any ideas?
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