Asked by Nathan, Central, Cleveland, OH • Tue Mar 11, 2008
My wife and I are looking to purchase a home in the west (Hilliard) to north (Lewis center) area of Columbus. We are highly considering short sales, however before making a bid on one I would like to have a professional opinion on what a good first bid would be on say a 300K short sale, as well as what a reasonably good estimate of what my final costs should be. I realize that in the case of short sale there are more factors then a standard sale, but a more simple way to put this might be; are lenders generally flexible in these cases and what % below the asking price is reasonable. Thanks in advance for any assistance. Ultimately I want to spend no more then 270K and is this reasonable on a 300K house?
Real Estate in Hilliard
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