Here's the scenario:Short sale, quality built 4 yr old, 5 bedroom home. 5 kids & 3 dogs - lots of traffic
- home seems 10 yrs old on the inside.
Since it's a short sale and the asking price is 240K (what they owe). How low would be an acceptable offer in today's market. This is in the Cincinnati area. There are no recent comps for this house in the area unfortunately.
Answers (1)
FIRST ANSWER
How low is up to the Bank or financial instition who holds the lien. The Bank who has to approve the amount and make the final decision. Usually if you get permission to talk with the bank from the sellers they will give you some clue on how much they are willing to take. BUt they are going to tell you to get as MUCH as possible.
Web Reference: http://www.marlinandteacha.com
Didn’t find what you were looking for? Ask a question!
More Q&A about Home Buying in Florence
View all »
Ask a question
Got a real estate question? Get answers from locals, experts and real estate pros.
Email me when…
View all »
1 - 3 of 34
|
|
|
|
|||||||||||
|
|
|
|
|
|
Copyright © 2009
Trulia, Inc. All rights reserved. |
Fair Housing and Equal Opportunity
Fair Housing and Equal Opportunity
Help us improve our service—send us feedback