Stupid Banks

Just got a deal done with a bank owned property were there were multiple offers. Wanted to share this with you readers so you can learn from this deal. A lot of times these bank owned properties are really good deals and they get multiple offers and they can some times sell for more than what they are offered at. In this case after the property had been on the market for less then 24 hours they has already gotten an offer before we could submit ours. So we went in several thousand dollars above the asking price to ensure that we won the bid. A few days goes by and the bank counters with best and highest offer. They always do this and it's lame, I hate it. So we stayed right were we were and ended up getting the property. So just goes to show being aggressive and not backing down will sometimes get you exactly what you want.