Posted by phil fernandez on March 01, 2008 at 13:22:30:
That’s an impossible question to answer. Who knows until you make the actual offer.
REO offers - Posted by Jesse
Posted by Jesse on March 01, 2008 at 09:59:07:
Does anyone have any insight on what maybe to low of an offer on a REO property.
You need a LOT more info… - Posted by Rich-CA
Posted by Rich-CA on March 01, 2008 at 21:15:32:
…location, condition of property, market conditions, comparable sales, and so on are all parts of determining what is “low”. Low is relative to what they are asking but if what they are asking is already low compared to what similar properties are actually selling for then an even lower offer is likely to be rejected.