Chase bank owned REO
There is a Chase owned REO that was just listed a week ago that I am extremely interested in. We had 2 showings this past week and put an offer in today (it was the first day that they would take offers). Our realtor put in the offer for us to have a response for Monday. The listing realtor said that there were 3 other showings in the past week.
The house is listed at $290,000 and we offered $270,000. We will be taking a conventional loan and also put that we can close in 30 days. Do you think this is a reasonable offer? Does anyone have an experience buying an REO from Chase?