Asked by Dan, 21122 • Sun Aug 8, 2010
I've found an REO foreclosure I'm interested in purchasing. It was last sold in 2005 for 185K. It was listed for sale as a foreclosure in February 2009. They're currently asking for $125,000. What do you think would be a fair initial offer? I know it's difficult to say given the limited information but I'm just looking for a rough estimate on where you would start the negotiating process at given its length of time on the market.
Thanks for any advice,
Real Estate in Pasadena
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