We are considering an REO home that was foreclosed almost a year ago. The properties in the same

Asked by Dana Thies, 17403 Wed Feb 11, 2009

neighborhood are valued at anywhere from $600-700,000. The bank bought the house back in October and listed it at $589,000 (the owner tried to sell at first for almost $700,000) so it has been on the market since around May of 2008. Since the bank bought it, it has come down in price--first to $539,000 and now it is at $515,000. Any advice on what we should offer? It needs no repair.

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Dallas Texas, Agent, Dallas, TN
Wed Feb 11, 2009
Bank is well aware of value of home, and property conditions.

Best work with buyers agent who can investigate all details regards to property determine what is best offer submit on your behalf obtain winning bid. Each property stands alone AND no property % for a lower offer works on another property. Realtor best option review all .

Good luck sounds like a great home purchase
Web Reference:  http://www.lynn911.com
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