Posted on: 19th Mar, 2009 08:24 am
Hi everyone, I have a question. Im looking to buy a house its listed at 149,999 originally 345,000. There is no offers on the house and its bank owned. If i present a cash offer, Do they usually lower the price more? Or should i just put in a offer of less money but it will be in full cash.
Thanks All!!
Thanks All!!
Welcome Garysnober,
You can present the cash offer to the bank but it will be bank's discretion whether it would reduce the price or accept a lower amount. However, I would suggest you to contact the bank and speak to them. There are chances that you'll be able to negotiate with the bank.
You can present the cash offer to the bank but it will be bank's discretion whether it would reduce the price or accept a lower amount. However, I would suggest you to contact the bank and speak to them. There are chances that you'll be able to negotiate with the bank.
gary go ahead and bid whatever you think they might take. yes, they may tell you to try again. in this market, there's probably no such thing as a bad offer anyway.
