Asked by Hope2buy, Berkeley, CA • Mon Jul 27, 2009
What steps can I take to figure out what a good offer price is on a bank-owned home-- an offer that is high enough that it will look attractive to the bank, and low enough so that I am still getting a good deal. I am looking in the Berkeley and El Cerrito markets, and have experienced a lot of buyers/competition and multiple offers on single-family homes in my price range. We are now looking at a foreclosure-- it looks like it sold at auction in the high $300's, but was listed on MLS for mid-$400's. How do I determine what a good offer would be and how can I make my offer stand out from others?
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