Everyone gave really good answers. There are more details regarding this property as well.....incentives. If you need a Realtor, please give me a call so that I can let you know about the incentives.
Darlene Vause, ABR, CNAS,, CNRS, Realtor
ERA Wilder Realty
If you are interested in lists of the best deals out there, including forclosures, please e-mail me and I will be happy to e-mail lists to you at no charge. Some include payment of your closing costs, which will help you need less cash out of your pocket to buy your property. I do not charge you to work with you. My services are paid by the seller. Please call me if I can help.
RE/MAX Real Estate Services
There are two basic kinds of markets. The first is a sellerâ€™s market where prices are constantly rising and in many cases multiple offers are in play. Fortunately for you that is not the case in todayâ€™s world. We are currently in a buyerâ€™s market. That means that either prices are falling or there is an abundance of inventory to choose from. This is a great thing for you as a buyer. As a buyer you can expect to get low rates from the bank and most sellers are more than willing to negotiate. If the property is currently owned by Fannie Mae and it is what you are looking for in a home, you may have just hit the jackpot. However, don't get too greedy with your offer. If you think the property is good and they are selling for a great price, someone else might as well. The banks take a little more time to negotiate with and someone may sneak up behind you and make a better offer.
Once thing you will need to do before submitting an offer is speak with a lender that can quickly qualify you for the loan. Should you get into an multi-offer situation this could be extremely valuable to how the bank/Fannie Mae looks at your offer. If you are not already working with a lender try Todd Mitcham with BB&T. He has a great CHIP program that eliminates Private Mortgage Insurance (PMI) and can help lower your monthly cost. You can reach him at 803.251.1404 or by email at TMitcham@bbandt.com.
Good luck and please let me know if you need any help.
As Roslyn pointed out - all sales are negotiable. The more equity the homeowner has in the home and the higher their motivation usually means you have greater negotiating power.
Contact a Realtor that works in your area to help you negotiate the best deal.
Best of luck!
Search the MLS:
First, all prices are negotiable. The sales price has been reduced from (originally) 89,900 to 74,900. It is a Fannie Mae property and there are a few "deals" associated with this home. Call or email me and I can give you more info. I am currently working with a client in that area (NE) tomorrow.