2007-02-10 11:37:37 · 4 answers · asked by heffelicious 1 in Business & Finance ➔ Renting & Real Estate
Depends. You can always make a bid lower than the price, but you don't want to go too low or you won't get it. You have to do your research, sometimes you can figure out what is owed on the hosue and make an offer somewhere between the asking price and what the bank is owed.
2007-02-10 11:41:44 · answer #1 · answered by Lil Miss Answershine 7 · 0⤊ 0⤋
You may still have some negotiating room. There are recording fees and other costs that may be associated with the transaction. Don't forget to get a home inspection and appraisal to insure that you're not getting a 'mess'. Title insurance will insure that it has a marketable title: in other words, info on liens and that somebody's pappy can't come by and claim ownership later.
2007-02-10 19:45:57 · answer #2 · answered by Venita Peyton 6 · 0⤊ 0⤋
The only time a price is not negotiable is the credit bid at the auction.
Regards
2007-02-11 04:19:04 · answer #3 · answered by Anonymous · 0⤊ 0⤋
I'm confused. Are you the owner that was foreclosed on or are you the investor that purchased the home?
2007-02-10 19:41:54 · answer #4 · answered by Anonymous · 0⤊ 0⤋