Foreclosures
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
General Landlording & Rental Properties
presented by
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Why won't they haggle?
I found the perfect home and was even more excited to see it had been REO for several years! I made an offer with my real estate agent and the bank countered by barely moving down. After a bit more research (small town Oklahoma, everyone knows everyone's business), the bank has refused multiple offers over the years near asking price. I'm curious if there are some common reasons why they would stick to their guns and hold onto a house for so long. Are there any strategies to use to help with negotiations? I've heard about offering to get the loan through the bank as an incentive for them to haggle but besides meeting them at asking price, that's about it.