Asked by Scott, Colorado • Mon Sep 8, 2008
This REO recently went on the market and foreclosed for about 300k from what I could find at the county website. It was listed awhile ago at over 400k. I pulled comps on recent purchases within the last 6-9 months and they averaged 350k. There is significant roof damage and interior water damage. Several rooms need serious work. Mold, drywall...the works. There are no upgrades, pretty cut and dry..."Plain Jane" if you will. I want to make a somewhat reasonable offer but know I can't even afford 300k. I am thinking to even get it close to comp values I would need at least 50k minimum without upgrades. Does an offer around 225k seem unreasonable?
Real Estate in Colorado Springs
Popular Categories in 80906
Email me when…
Success! Your email alert settings have been saved. Access all your email alerts in your My Trulia account anytime!