I dont want to make the offer to low...I heard for a short sale the offer should not exeed 15% below asking price. what would a resonable offer be for an reo-bank owned? I dont want the bank to just turn me down...what would be a good low ball offer?
2007-12-06 14:32:45 · 3 answers · asked by j 2 in Business & Finance ➔ Renting & Real Estate
Stay away from the short sales. You are just bailing out the second mortage co. First find out what is owed on the house. Then offer them 20% below that price. They will say yes or no real fast.
2007-12-06 14:42:53 · answer #1 · answered by Big Deal Maker 7 · 0⤊ 0⤋
a bank will not flat out turn down your offer unless it is a ridiculous offer.they will normally counter offer. consult with a local realtor to help guide you. They will analyze market conditions and the property condition to help you make an educated decision. email me, I can guide you to a good agent in your area. my company is national and we have offices/relationships across the country.
2007-12-07 08:48:11 · answer #2 · answered by daniel r 4 · 0⤊ 0⤋
It varies. as with all domicile grant, even if, your grant ought to comprise a time contingency clause and then it expires. it somewhat is the only thank you to rigidity an answer despite if it is an REO or a "wide-spread" sale.
2016-10-10 10:50:07 · answer #3 · answered by Anonymous · 0⤊ 0⤋