I think you will find deeper discounts for an ALL CASH offer with Short sales rather than REOS. If you can find a short sale where there is 1 loan 1 bank involved or 2 loans 1 bank involved, you will see the discount you're looking for.

It is entirely possible.

emilyknell1@yahoo.com

You will be able to buy home, I work with buyers just like yourself. I have found that you not only need to make many offers with your agent but also try to concentrate on properties that regular buyers cannot buy(fixer-upers) because you will have a much higher chance at getting the home at a lower price. You just can be too picky when trying get a better deal than a steal.

John & Sarena Villaescusa
Cell- 562-818-2671
Email- Johnv@kw.com
Website- http://www.VGroupHomes.com

The reality is, there are a lot of all cash buyers at that price range. It always depends on the particular home. Every house is different. But in general most properties in that price range are getting multiple, offers and going at or near (or even above)asking price. Also, in general, banks will not look at offers more than 3-5% below asking price. If the property remains unsold, they may lower the asking price. There are many exceptions for heavily damaged properties. Please contact me if you would like to discuss this further, or look at properties.

Richard Schulman
Keller Williams Real Estate http://www.richardschulman.com
(310) 482-0173
schulmanrd@yahoo.com