In your situation, the answer is NO!
Let me explain.
Most lenders will not grant a loan for such small dollar amounts. Many have limits such as a minimum of $50,000.
In essence, ALL the offers for a $30,000 to $33,000 residence will be CASH! If you attempt to 'low-ball' with a cash offer, YOU WILL LOSE!
Obviously, if a buyer is able to get a loan for such a small amount, the conditions imposed by the lender will make the financed offer less attractive to a seller.
Yes, you might get a slightly better deal for cash. Be aware, however, that most property today is priced at what the seller expects to get, and in that low price range there is a LOT of competition. All of it cash. That competition also often drives the original asking price up.
Can you get a property for 30-33K that is listed for 35-40K? Maybe.
Can you get a property listed for 75K for 30K? No, most likely not.
Much like any other property - it really depends on what the comparables say at the end of day, and the situation.
Hope that helps!
But Annette is right, that most buyers at that price point will be bringing cash offers, and most lenders don't really offer loans that low. A loan in that range, would be loaded with fees that would be too high, and would be considered a "predatory" loan... Honestly, in my area, $30,000 or so is a down-payment (and a low one, at that), not a purchase price.
It is quite common for a seller to accept a lower offer when it is a cash offer. It can also help to offer to close quickly, although it depends on the seller's specific situation.
Please feel free to contact me directly if you have additional questions.
REMAX All Star