Anyone had luck getting a bank to accept a LOW offer in first 10 days
I am looking at a foreclosure property that I feel is priced at market value, as if it were already fixed up. The house needs a LOT of work and is nasty... so nasty that probably only an investor will buy. I felt like I needed a shower after I walked through it.
I am going to make a very low-ball offer on the property, like $40K off list price (listed at $137,500). Anyone have any experience with a bank accepting such a low offer with a short time on the market? This one has only been listed 8 days and they aren't even accepting offers until day 10.
Just wondering.