Homepath Experience

[Chris Leininger]

I've noticed that Homepath does occassionally list desirable properties and I wanted to ask what people's experience has been with it, more specifically in regards to negotiations in a seller's market. I've noticed one property where their purchase price is 75% of what the agent is listing. Can I get them to accept an offer at their purchase price, or less? What forces are involved here?

[Mark Gallagher]

@Chris Leininger

What they "paid" for it has no bearing on anything whatsoever. They're trying to sell assets for market value. Tax records could show $1,000 or $90,000.. If market value is $75,000.. They want to get $75,000 (or higher).

I haven't dealt with a financed investor offer in quite a bit but typically they still want 10%.