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Updated over 17 years ago on . Most recent reply

User Stats

204
Posts
15
Votes
Dave Versch
  • Murray Hill, NJ
15
Votes |
204
Posts

Making offers on Bank-owned and Short sales

Dave Versch
  • Murray Hill, NJ
Posted

Just wondering if I can get a ballpark percentage here. If a short sale is listed on the MLS, what's a reasonable percentage of the listing price to offer for the property? Same question for bank-owned properties. In both cases, assume there may be minor repairs needed, but not full rehab jobs. I know there are a ton of variables to consider, but I'm just trying to get some idea of what to offer.

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