2007-11-11 13:49:49 · 3 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
please include examples.
2007-11-11 13:52:54 · update #1
It's possible to do so, but it's also possible that the property is desireable and will go for asking price or even higher. Within the past six months, I have brokered two specific foreclosure properties which both sold for more than the original asking price. One of them, originally priced at $174,900, sold for over $195,000. The other was closer to asking but somewhat above.
Your chances at getting a reduced price on REO property increases the longer the property has been on the market. If you lowball a new listing, the bank won't budge. They are willing to wait for some time to see if another buyer will offer more.
2007-11-11 13:58:33 · answer #1 · answered by acermill 7 · 0⤊ 0⤋
Sure. The last thing a bank wants to do is foreclose.
2007-11-11 19:16:53 · answer #2 · answered by Anonymous · 0⤊ 0⤋
You can ask. Whether they agree or not depends upon many factors including market pressure.
2007-11-11 16:33:39 · answer #3 · answered by Anonymous · 0⤊ 1⤋