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Marco_b03

Advice

  • (4 Contributions,
  • 0 Best Answers,
  • 1 Helpful)

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How low should we go on our first offer?

We are looking at placing a bid on a house in Traverse City, MI.  The house is bank owned and is listed at $214,000.  We can only get approved for $160,000 and we have $10K down.  Is an offer of $160,000 too low?  What are the chances the bank will take the offer compared to an individual?  The home is in an upscale subdivision where all the other houses for sale are $250$-350K.  Any info will help!  Thanks!

  (0)
Listed at $169,900? What would a be good offer?

We are looking at buying our first home n Grand Haven, MI.  The house is listed at $169,900.  The SEV is $69,800.  Is an offer of $120,000 to low?  What would be the benifits and disadvantages of starting at this price.  Thanks for your help!

  (0)
Listed at $169,900? What would a good offer be?

We are looking at buying our first home n Grand Haven, MI.  The house is listed at $169,900.  The SEV is $69,800.  Is an offer of $120,000 to low?  What would be the benifits and disadvantages of starting at this price.  Thanks for your help!

  (0)