Asked by Dustin, Loganville, GA • Tue Apr 7, 2009
I found a house listed for $299,900 and has been on the market about 6 weeks. There are no other offers on the property. I am thinking about offering $240,000. The bank bought the property for $261,750. The tax assesors previous years value is $454,000 but the house would need about $70K - $80K to bring it back to that value in this market. What is the best offering stragegy for getting a great deal on this property? How eagar are banks to sell their foreclosed properties at this time? It seems like with the economy getting worse (unemployment and foreclosures) the banks would like to sell the homes very fast.
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