Is this a fact? Most REO (bank owned) properties are priced to move and some banks will consider up to 82% of the asking price.

Asked by James A. Register, Goldsboro, NC Tue Apr 30, 2013

Help the community by answering this question:

+ web reference
Web reference:

Answers

3
Sarah Anthony, Agent, Raleigh, NC
Mon May 20, 2013
You might find that larger banks will sell properties at greater discounts compared to smaller banks. Generally speaking, I've seen banks accepting bids within 90% of their asking price. If you offer below 80% you need to justify your offer to have the best chance of acceptance. You're best bet is to make an offer that works specifically for you and your goals.
0 votes
Kendall Scov…, Agent, Chapel Hill, NC
Wed May 1, 2013
You really never know with banks... It just depends on how badly you want the house.
0 votes
Jennifer Hal…, Agent, Fort Lauderdale, FL
Tue Apr 30, 2013
As we say in the biz..."Make an offer for you never know!"
0 votes
thank you
Flag Tue Apr 30, 2013
Search Advice
Search
Ask our community a question
How To... in Goldsboro Zip Codes

Email me when…

Learn more