are foreclosures a good deal
Is $80,000 a good offer for a $84,500 foreclosure home listing?
I’m currently in pursuit for a home and found a great one, but it is a foreclosure. Meaning banks wants as much of the money as they possibly can get..Just wanted reassurance if that was a good deal… Did I offer too much??? Your thoughts are really helpful…Thanks!
The banks try and price at FMV, and only go about 5% less then that, so you are OK.
Of course your market may not support that, in mine, CA you would need to offer more then the listing.
