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Updated about 8 years ago on . Most recent reply

How to make my offer stand out? on a bank owned.
I am walking a bank owned on Sunday. I am very interested. Unless it has MAJOR issues... I will likely make an offer. My realtor said the listing agent told him they already have 2 investor offers to open (some 15 day wait for investor offers). it is $220k. I cannot cash the whole thing, Heloc, i have like $260k on tap... so I could cash half, do rehab... but not all.
Seems like I can either pay a bit over asking if the numbers work... OR work terms... like half cash or...? to make my offer stand out... any other ideas? THANKS!
Most Popular Reply

Banks are simply looking for the highest net price, so bid higher than the other offers.
- Russell Brazil
- [email protected]
- (301) 893-4635
- Podcast Guest on Show #192

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