Question Details

Ina, Home Buyer in Huntington Beach, CA

When I make an offer for a bank owned property - how low can I offer percentage wise?

Asked by Ina, Huntington Beach, CA Sat Jan 17, 2009

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Hello Ina,

This depends on a few things. One being how long the property has been on the market, if you're in a multiple offer situation, what other homes are selling for in the area. Chances are the price is already down and the bank wants to remove the debt from it's books.
I would contact a Realtor in your area to find out what the market value is for this home. Then go from there.
Best Regards,

0 votes Thank Flag Link Sat Jan 17, 2009
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