Bank REPO in Fullerton Causes Major Bidding War

1172 Las Palmas

1172 Las Palmas, Fullerton, CA

The property at Las Palmas recently received immediate offers as soon as it hit the market. Like most Bank REPOs in this market multiple offers aren't any surprise but this one was an exception as it had over 20 offers total. After the bidding war had subsided it was revealed that the winning bid went $130,000 over the asking price and set a new record in Fullerton! The price was set at the appraised value and not by auction which is why $130,000 over is a remarkable amount to go over. According to agents in the area the home is extremely desirable because of the school district that it's in and not a lot of homes in the neighborhood are up for sale. If the market continues on like this we may see more bidding wars in the near future!