Making offers on Bank-owned and Short sales
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.