I am HUD Certified and can assist you but would need to ask some more specific questions before I can answer that question in all fairness to you!
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Robert J Russell
I think the number you have to ask yourself is what is it worth? What's the market value?
If market value is $90K, then $110 is too much.....If market value is $160K, then perhaps $110 or $130K are not bad prices. What are the $ amt of repairs you need to do? What is the value after those repairs? Is the neighborhood on the rebound or on the outs or stable? Many many other questions have to be asked before picking a number. What's your realtor say?
All the other homes on the street (it is a 1 street neighborhood) are valued with the county between $150-$220.
Making a random offer on a home based upon list price can be risky, and in the end you could pay more for it than others came in and bought for. Without knowing the neighborhood, city, square footage, condition of the foreclosed home, and the selling (not list) prices of the other homes in the neighborhood, it is difficult to tell you what a fair or below market value on a home is.
That being said, I have saved my clients consistently more than I have earned on each house I help them to purchase!
Feel free to contact me for Dallas area real estate.