Property Q&A in 48168>Question Details

R, Other/Just Looking in Michigan

What is the lowest price this house will go for?

Asked by R, Michigan Wed Jan 21, 2009

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This question is about this property: http://www.trulia.com/property/43768690-48325-Binghampton-Dr…

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5
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This home is a "short sale", meaning the bank is making the final decision on the sales price. Having a Buyers Agent will allow you to get the most information regarding the value of this property and the surrounding area.
Give me a call if I can be of any assistance.
Thanks,
Sam
734-837-1101
1 vote Thank Flag Link Wed Jan 21, 2009
Really, the only way to find out is to make an offer. There is no telling what a seller will accept without doing that. If you would like help with this and you do not have an agent, please feel free to give me a call.

Maureen Francis
SKBK Sotheby's
249.430.4450
1 vote Thank Flag Link Wed Jan 21, 2009
Maureen Fran…, Real Estate Pro in Birmingham, MI
MVP'08
Contact
1 dollar. I think that is the lowest amount of consideration I have ever heard of.
John
1 vote Thank Flag Link Wed Jan 21, 2009
I see a $620,000 mortgage that was taken out in 2002. No way to tell where the balance is now.

With a short sale the bank does not usually pre-approve the sales price. They could want more than the asking price of the home.

I put a link below with some information about buying short sales from my blog. Hope this helps you.
0 votes Thank Flag Link Fri Jan 23, 2009
Maureen Fran…, Real Estate Pro in Birmingham, MI
MVP'08
Contact
Is there to find out how much is owed on this home?
0 votes Thank Flag Link Fri Jan 23, 2009
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