Posted on October 19, 2010.
Henrietta Spivey says...
The process of buying and selling real estate is always a matter of negotiation.Offers and counter offers are the norm.Do not be afraid to offer less than the asking price.The goal of the bank is to realize enough cash through the sale to satisfy the unpaid balance of the mortgage principal.In a slow market, they may even be willing to take a small loss in order to turn the property to cash.
Good luck with your offer.
Posted on October 20, 2010
If a House Is On The Markets-as-a Forclosure Will The bank Consider a lower offer? Or Is Their Asking Price What They expect to get? Thanks