Updated almost 14 years ago on . Most recent reply
Offer Price vs. List and What Feds Paid For It
Looking at nice house in TN listed by FHLMC at $450k - was at $480k. They bought it last summer for around $360k.
Any thoughts on how far we can push them? Only thing we would ask for is inspection. They have that 2 year warranty thing, but that is only on mechanicals - not plubming, structure, etc. All cash. Quick close.
Most Popular Reply
What they "bought" it for is irrelevant... simply an amalgamation of outstanding debt and debt service that was not an attractive amount to a foreclosure bidder.
Why not just write an offer and let the cards fall where they may? I guarantee they won't accept your first offer, but beginning a negotiation will help you get a feel for the answers to these types of questions.