What percentage of the asking price is a reasonable offer that is usually accepted by a bank on a short sale or bank owned forclosed property?
Answers (1)
FIRST ANSWER
No rules or guidelines.
Recommendations: the bigger the down payment the better the offer. Cash is always king but bank looks for net. Sales price minus expenses.
If you like it, others will like it too.
Depends on market. property, supply, buyer...
Percentage: 100% could help, 120% might get your the property.
But one rule I tell my clients, if you like it, write, do not wait. I have seen homes gone in hours. Even on Friday when it suppoes that banks are ready to close the day.
Buy!
Benito.
Didn’t find what you were looking for? Ask a question!
More Q&A about Home Buying in Schuylerville
View all »
Answered Tue Oct 13 2009, 17:37 by Connie Jurey in Schuylerville
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 318
|
|
|
|
|||||||||||
|
|
|
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