Asked by Lindsey, Glendale, CA • Fri Jun 27, 2008
bank owned home? I will be putting down $60-$70K, and have a FICO of 720 AND a pre-approval letter for $435K, My agent has suggested I offer close to asking price, but I don't want to! The comps from Zillow and Cyberhomes place the property at about $545K. The house needs some work, but nothing major as far as I can tell without an inspection. Or do I offer more ($420-$430K), and ask for some kind of allowance for closing costs and unforseen repairs? This will be my first home, and I do not wish to be in an upside down situation by next year!
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