Bank Owned Properties

[Margarita Guillermo]

Hello BP community! With everything that I have learned in the past week or so from the BP community I feel confident in making my first offer on a property. It's a SFH that is bank owned and currently listed at $90k This will be a cash offer My realtor told me to come in 2-3% below asking price because banks are not being too flexible. I was thinking of bidding 5-7% below asking. What has been everyone's experience when buying bank owned properties?