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Updated over 6 years ago on . Most recent reply

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Akkiemaj Frederick
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13
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Property for sale for the last 4 years

Posted

Im going to use 203k loan for my forever home. The property definitely needs a lot of work, but it is the school district and acreage we want. Since the property has been on and off the market since 2014, is it safe to say that I could negotiate a price like half of whats being asked?

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1,875
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Larry Turowski
  • Flipper/Rehabber
  • Rochester, NY
1,464
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Larry Turowski
  • Flipper/Rehabber
  • Rochester, NY
Replied

@Akkiemaj Frederick No. in fact quite the opposite. The seller isn’t motivated otherwise they would have lowered the price long ago. 

If it were 90 to 180 days I’d say there would be a better chance that the seller would be more negotiable. At 4 yrs old they’re just waiting for someone to offer their price. 

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