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Profile picture for baby mom
I want to know what is the price that i can suggest to the bank for a house located at 4024 regina coeli ct marrero,la 70072. The price start at 139k but goes down in 3 months and the price right now is 114k. Maybe continues down?
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October 11 - Marrero

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Profile picture for MikeEmery
Real Estate Agent
Contributions: 2486
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Since December 2008

Unless an agent has seen the property, it's impossible to tell you what to offer on the property. If it's been on the market for three months I would be concerned that it was either overpriced from day one or that it had condition problems.

Contact a real estate professional in your area to help you determine what to offer for the home and what you will need to spend to make it livable.

Good luck.
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October 11
Profile picture for SDMortgagefinder.com
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Since July 2009

Listen to your Realtor if you have one.  Otherwise find a reputable one in your area.

Good Luck.
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October 11
Profile picture for Martin Wareing
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Dear babymom,

It seems that the home is MLS listed (with a Realtor).  If that is the case, get one to represent you.  They will help deivse an offering price that is accurate in today's market.  If there are no agents, establish dialogue with the bank (unlikely that is the case though).  WIth an agetn, you will get a market analysis.  Where the house will sell???  When they get an offer they will accept... It will be the first offer they accept.  meaning, if you never make an offer, you will never buy it.  We all want it cheaper, but remember, if you want it "cheaper" than the next offer, they will not accept yours.  Good luck, but get a PRO... GEAUX TIGERS!  (Class of '87/LSU)
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October 11
Profile picture for Erez Cohen
Mortgage Lender

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Since November 2009

You have asked a question in a mortgage area.  Your best bet would be to find a realtor that specializes in that location.  The price of the home will be determined once an independent appraisal is done.  That protects you in terms of the price you are going to pay.
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November 16
 

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