Actually someone put an offer on the home that was more than I paid that got approval. I paid 20k less than that approval, but 5k over the new asking price but asked them for closing costs. Since the home was already on the banks radar and had someone there knowledgable about it, it helped speed things along. The sellers agent was tenacious too. But when I bought early in '09 nobody was sure about any valuation as the market seemed to be in free fall and noone was buying around here. In '05 my house would have easily sold for over double what I paid.
That's a great rate btw.
