Hi Rosy

This can be tricky

A preliminary and quick Title search should
be done first. Foreclosed properties may have
other liens and judgments pending.

Location is critical. Westbury has about 21 subdivisions,
5 different school districts and price varies with location.

You will need to be working with a knowledgeable
real estate agent.

If you bid too low, you may be out bided
if the location warrants a higher offer.

Or you may be buying a money pit because many
foreclosed homes are not well maintained.
Paying for a Licensed Home Inspected can
expose defects and anomalies that impact
price.

Be careful.

Wish you the best.

Sincerely,
Mark R. Rienzie
Licensed Real Estate Salesperson
Century 21 Laffey Associates
(516) 333-0025 ext.313

Hi Rosy, You will not be negotiating with the real estate agent. You will be negotiating with the bank that has forclosed on the property. Just because it is a forclosed house does not mean that you will be able to negotiate a lot lower. It may already be priced at a discount. Do your homework if you are not being represented by an agent. If you are, your agent should be able to comp out the house for you and guide you in making a reasonable offer.