Question Details

Maria, Home Buyer in Davie, FL

Is my offer to low for a bank owned property?

Asked by Maria, Davie, FL Thu Aug 14, 2008

Hello, All these posts have been very helpful.
I am looking to make an offer on a bank owned property. I was thinnking of going 10-20% below the bank's proposed value because the house needs a considerable amount of work; a similar house was sold nearly 2 months ago for 5% above, my would be home bank's proposed value.

My question is: Will my offer be (juicy) enough for the bank to consider? taking into consideration the house has been closed for a year without electricity, and the previous owners left a lot of damage behind.

Help the community by answering this question:


Your buyers agent should be able to guide you, the bank is aware of condition of property have been supplied BPO. You can submit any offer you like if bank is non responsive either locate another home or up your offer .
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0 votes Thank Flag Link Thu Aug 14, 2008
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