08-27-2009, 10:34 AM
OK, here is where I'm at. I found a townhouse that I really like - good condition, great neighborhood, etc.... This house came on the market yesterday at 162,900, which is really low for the area (last sold in 2005 for $250k, the house shows really well.) I am still waiting to find out if the property is a foreclosure or not (it is not listed as being a foreclosure or a short sale, but it's owned by an REO?? - my realestate agent is trying to get to the bottom of it.)
I am going to make an offer on it today - I filled out all of the paperwork this morning, the question is for how much - these properties turn into bidding wars. My real estate agent is telling me that if it is a foreclosure, banks don't normally deal with escalation clauses.
I could realistically go 10k above the asking price, anything more is REALLY stretching it. I don't want to just throw away 10k extra "just because" either.
Suggestions?
I am going to make an offer on it today - I filled out all of the paperwork this morning, the question is for how much - these properties turn into bidding wars. My real estate agent is telling me that if it is a foreclosure, banks don't normally deal with escalation clauses.
I could realistically go 10k above the asking price, anything more is REALLY stretching it. I don't want to just throw away 10k extra "just because" either.
Suggestions?
Why do people just post what they are thinking? Without thinking.
2012 Ford Mustang
1995 BMW 540i/A
1990 Eagle Talon TSI AWD
2012 Ford Mustang
1995 BMW 540i/A
1990 Eagle Talon TSI AWD