Also, keep in mind if this is a cash deal then great, but if you are looking to finance this then most banks have a cutoff limit as to how little they will loan. The lower the loan the less money they make on the deal.
Let me know if there are any other questions I can help you with.
Keep in mind the asking price may not be an accurate representation of the value for the property. This is one of the many services that a real estate professional can provide for you.
Speak to a local real estate agent, who know the market. It is important that all aspects are considered when making an offer and an experienced local real estate agent will help you negotiate the best offer for this home.
Please let me know if I can help. All the Best!
Home prices are at their lowest in over 30yrs. Why mess with a good thing. If a home is $59,000 someone out there will pay close to the asking price..
All the Best
Dave & Lisaq
My question to you is why ? The market has plenty of variables that help determine what is a fair value for the home. If you know of them, then you are on the right track. However if you just "feel" that the property is worth 15K less, then you just derailed. If you're not working with an agent and have more questions give me a call. 203.482.7046
can get a much better answer than just throwing a number at the seller and hope it sticks. If a seller needs to move next week for a new job in another city vs. a seller who is just testing the market. Big difference in what price will be accepted
David Cooper. Las vegas Foreclosure Investor in Bank Owned REOs with Cash Flow. FReee List +1-7024997037. not a real estate agent
You also should simply ask teh listing agent if tehy think the offer owuld be accepted, also ask if any offers are currently submitted and if any have been accepted or rejected. making that low of an offer may lead to getting it declined and if there is other interests, you could lose out by not making your best offer first.
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For tips and advice on buying bank owned homes.