[stomachmonkey]

Have a new co-worker.

He needs to relocate into the area.

Found a house he likes.

Bank foreclosure.

House has been on the market at least 6 months.

He made an offer, low of course and the response was the bank is going to pull the house off the market, do some work and come back out at a higher asking price.

Sounds like odd behavior from a bank? Is this common?

House is currently listed for 75% of surrounding comps. Subdivision is only 3-4 years old so no disparity between this house and the comps.

Other houses on the block have been moving pretty quick, no reason this one is still sitting especially at the current pricepoint.

I get the feeling the listing agent is playing games to get a shot at a flip.