you can certainly get a deal on foreclosure properies.. But, very often, foreclosures involve some repair work to make them move in ready - at a minimum, carpet and paint. There is no rule for pricing... Some foreclosures are overpriced Trust your realtor regarding price and condition. One thing to consider is what your lender allows. If you are financing using FHA, the appriasers can be more demanding regarding the condtion of the house.