50% of asking price. Most banks have about 3 people give them estimates on what they think the home is worth in its current condition. I might even consider not looking at the home if I saw some pictures at 50% discount. LOL MAYBE. I'm an agent in the Portland area, and banks arent willing to give in to often. Its takes lots of time and energy to find the perfect deal. By the way some REO's if not half of them are in okay condition. If anyone wants to search for Bank foreclosures I can recomend a free site TROUBLEHOMES.COM
If anybody is interested in Foreclosures. I'm finding lots of my clients are asking me about them and how to search for them. I have a local Portland Real Estate site where I post them. But if you're not from Portland you can find them yourself for free at click here for foreclosures good luck. If anybody knows a better way please let us know. Good luck to all with their home search :)
Bank owned properties
Reply