How much do you offer the seller for a pre-forclosure purchase?

How much do you offer the seller for a pre-forclosure purchase?

Member since 2023 · 2 posts · 1 vote

This is in addition to the closing price (all the monies needed to prevent foreclosure and take possession of the property).  One source said 1-2 k above closing price.  Another said 5-10 k above closing price.  But I can't seem to find a definite answer.  This is assuming there is enough equity in the spread, of course.  Thank you.  

1Reply
18 views

Most Popular Reply

Investor · Austin, TX · Member since 2021 · 9k+ posts · 5k+ votes
3y

There is no set number. It is whatever you and the seller can agree on.

See this reply in the discussion

3 Replies

Jump to latestLatest
  • Investor · Austin, TX · Member since 2021 · 9k+ posts · 5k+ votes
    3y

    There is no set number. It is whatever you and the seller can agree on.

  • Jake AndronicoBusiness Member
    Realtor · Reno, NV · Member since 2019 · 1k+ posts · 938 votes
    3y

    I agree with Eliott. 

    There are certainly rules of thumb, but it all comes down to negotiation and what makes sense for you financially and for the specific deal. 

  • Joe S.Pro Member
    Investor · San Antonio · Member since 2020 · 3k+ posts · 3k+ votes
    3y

    How much does a car cost?
    How much is a dinner out with the family?

    How much does a house cost?

    It depends on the house and a whole lot of other variables. There is no set number.

Join the conversationCreate a free account to reply, vote on answers and follow this thread.