Zillow Advice: Buying a Foreclosure - Would the bank accept an offer that is right below or at the amount owed to them? http://www.zillow.com/advice-thread/Would-the-bank-accept-an-offer-that-is-right-below-or-at-the-amount-owed-to-them/435160/ Zillow Advice | Zillow Real Estate The value of Real Estate ... http://www.zillow.com/advice-thread/Would-the-bank-accept-an-offer-that-is-right-below-or-at-the-amount-owed-to-them/435160/ The value of Real Estate is the price somebody is willing to pay.&nbsp; If somebody is willing to pay more for the property than what was previously owed to the bank, then the value of the property is what was paid for it.&nbsp; <br/><br/>My experience is that the bank will only accept market value for Real Estate, regardless of what was owed by the previous owner. Thu, 15 Mar 2012 03:36:00 GMT http://www.zillow.com/advice-thread/Would-the-bank-accept-an-offer-that-is-right-below-or-at-the-amount-owed-to-them/435160/ 2012-03-15T03:36:00Z I guess I'm curious as to ... http://www.zillow.com/advice-thread/Would-the-bank-accept-an-offer-that-is-right-below-or-at-the-amount-owed-to-them/435160/ <p>I guess I'm curious as to where your finding payoff info but to answer your question. Most banks are flexible on the listed price as homeowners are. As mentioned below they are also usually already priced below market. It is dependent on activity (both home and market), nearby market value and then all comes down to the&nbsp;banks numbers. I say give it a shot, your not going to hurt the banks feelings with a low offer, however if the home is for you and everything else is right I also would consider the actual value and equity there and not be blinded by what is owed or what you want to pay.</p> Thu, 15 Mar 2012 02:29:00 GMT http://www.zillow.com/advice-thread/Would-the-bank-accept-an-offer-that-is-right-below-or-at-the-amount-owed-to-them/435160/ 2012-03-15T02:29:00Z Discuss the price of the ... http://www.zillow.com/advice-thread/Would-the-bank-accept-an-offer-that-is-right-below-or-at-the-amount-owed-to-them/435160/ Discuss the price of the home you want to buy with your buyer's agent and have your agent contact the listing agent; the listing side will likely know exactly what purchase price the bank will accept. Get as much of the information that you possibly can and think more about the value of the home you want to buy rather than what is owed to the bank by previous owner. That should put the list price into perspective for you&mdash;many times the REO's are listed under market value. Good luck! Thu, 15 Mar 2012 00:43:00 GMT http://www.zillow.com/advice-thread/Would-the-bank-accept-an-offer-that-is-right-below-or-at-the-amount-owed-to-them/435160/ 2012-03-15T00:43:00Z nothing wrong with trying, ... http://www.zillow.com/advice-thread/Would-the-bank-accept-an-offer-that-is-right-below-or-at-the-amount-owed-to-them/435160/ nothing wrong with trying, most banks i worked with want cash offers and close to market value Wed, 14 Mar 2012 16:33:00 GMT http://www.zillow.com/advice-thread/Would-the-bank-accept-an-offer-that-is-right-below-or-at-the-amount-owed-to-them/435160/ 2012-03-14T16:33:00Z