What offer should I put in on a foreclosed home?
I am really interested in purchasing a foreclosed home that I fell in love with! The bank owns it, and they are asking 107,900, they were asking 117,900 for it just a couple days ago. Large Backyard with Privacy Fence, Workshop, Storm Shelter and Decorative Landscaping. House needs no work. I’m just wondering what my first offer should be. By them dropping the price 10,000, do I take thatthey are wanting to sell in a hurry? I am a single mother of two, and I would like to get as cheap as possible, but don’t want them to laugh in my face if I put in an unreasonable offer.The house has been listed for a while. It’s in a nice area, but there are tons of houses for sale in this area priced a lot less, and other foreclosed homes, and also new homes being built, so it’s a mixture of cheap homes, new homes, and forclosed home in a 3 mile radius in this cluster of subdivisions. Any info would be greatly appreciated. Also, how much longer does it usually take on a foreclosure and is it pricier
The home isn’t that old, 6 years tops. It has no damages at all that I could see. I’ve went and looked at it. Only one person has owned the home.
