Trulia Community - Advice from neighbors and local experts

Find Your Community
We couldn't find that location. Please try again.
Get Expert Advice

Foreclosure in Coopersville : Real Estate Advice

  • All9
  • Local Info0
  • Home Buying3
  • Home Selling0
  • Market Conditions1

Activity 1
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.
... more
0 votes 2 answers Share Flag
Search Advice
Search
Foreclosure in Coopersville Zip Codes

Followers

107