
Foreclosures?
If a house is on the market as a foreclosure the bank will consider a lower offer? or is your sales price they hope to gain? Thanks
The process of buying and selling real estate is always a matter of negotiation. Offers and counter offers are the norm. Do not be afraid to offer less than the selling price. The Bank's objective is to make enough money through sales to satisfy the outstanding principal balance of the mortgage. In a slow market, may even be willing to take a small loss in the objective of transforming the property into cash. Good luck with your bid.
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