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Christine Frazier
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Broker Associate
Certified Residential Specialist(CRS) ... show more
Certified Residential Specialist(CRS) ... show more
Christine Frazier answered:
A buyer can offer anything he wants on a property that is for sale; whether or not the seller will take it is truly the question. If the listing agent is experienced and/or the property has been reduced significantly from the original price, your chances of 20% below list does not stand a good chance of getting the property. So much depends upon the area you are working in and how much loss the bank is willing to take. Prices are off the wall and no definitive answer is really possible. I would say, go for it and see what happens if you have the time and the patience.
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