Making an offer on a short sale, need opinions!
Hi, I am about to put an offer on a house on the MLS for $80k and about $50-60 Rehab with an ARV of $279. There is alot of play and I will need to meet the asking price in my market if not more. But sense there is so much play, how much do I offer? Any insight would be appreciated!
Tim
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Wayne Brooks
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Wayne Brooks#1 Foreclosures Contributor
#1 Foreclosures Contributor
- Real Estate Professional
- West Palm Beach, FL
The asking price has no bearing on what price the bank will accept. Also, someone needs to know how many mtgs/liens are on the property, and if the buyer may have to chip in add'l money above the purchase price to get the deal closed.