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Coopersville : Real Estate Advice

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Activity 2
Wed Jun 10, 2009
Dan Genzink answered:
Hi Katie,

Offering 50% of asking price on a foreclosure is too low. Before entertaining offers of that nature, the selling bank will first lower the asking price 10% or so to try to generate more interest. If the property is over priced, sometimes waiting is the only thing you can do. 10-15% below asking price is the range that has a shot at getting accepted.
I see you have posted this question quite some time ago, so hopefully the asking price has come down quite a bit by now.
Good luck,
Dan.
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Fri Aug 24, 2012
Danielle answered:
Good luck unless your willing to settle for just about anything it's tough! We were in the same situation and got stuck renting in the mobile home park awaiting the purchase of our new home. Paying $850 a month to rent a trailor go figure huh. Guess we do what we have to do to reap rewards of the BLUE RIBBON SCHOOLS! ... more
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