Question Details

Jen, Both Buyer and Seller in Newport, MI

i put an offer in for a forclosure. they are asking 124,900. I offered 70,000 cash. Is this to low?

Asked by Jen, Newport, MI Thu Feb 19, 2009

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well Jen, I'm not sure on the property. Your agent should be able to guide in on a proper offering price. I have investors that try to low ball properties and usually if doesn't work. If you really want the property I'm thinking you should offer more. If you really don't care whether or not you get it. Go for it. Either way the bank will let you know... LOL, Enjoy your day.. penny
Web Reference: http://pennysproperties.com
0 votes Thank Flag Link Thu Feb 19, 2009
It's probably to low. You could keep low balling properties if you like wasting time. If you land one, I'll eat my computer.
0 votes Thank Flag Link Thu Feb 19, 2009
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