My husband and I are looking to buy our first house. We have found a few foreclosure's we like. We are wondering what do we offer on it. They are nice homes and homes in that area are selling in the range of $180,000 - $200,000. The two homes we are looking at the bank's are asking $180,00 0 for one and $170,000 for the other. One needs a little more work then the other. So my question is, how low should our offer be if we were to make one? Someone told us 20% but I thought that was really low. Now I live in Michigan where there are lots of houses for sell and it's really a buyers market here. Oh, both of these homes have been on the market, in foreclosure for 3 months now if that matters. Thanks for your help!
2007-06-07
14:17:44
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7 answers
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asked by
browneyegirl
3