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Garysnober · Joined: 17 Mar 2009 Posts: 450 15.29 Dollars($)

Hi everyone, I have a question. Im looking to buy a house its listed at 149,999 originally 345,000. There is no offers on the house and its bank owned. If i present a cash offer, Do they usually lower the price more? Or should i just put in a offer of less money but it will be in full cash.

Thanks All!!

adonis · Posted: Thu Mar 19, 2009 11:30 pm Post subject:

Welcome Garysnober,

You can present the cash offer to the bank but it will be bank's discretion whether it would reduce the price or accept a lower amount. However, I would suggest you to contact the bank and speak to them. There are chances that you'll be able to negotiate with the bank.

gmakerley · Posted: Fri Mar 20, 2009 2:31 pm Post subject:

gary go ahead and bid whatever you think they might take. yes, they may tell you to try again. in this market, there's probably no such thing as a bad offer anyway.

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