Foreclosures Discussion Archive 11

Re: that depends

Posted by NJDave on November 22, 2004 at 08:16:24:



In Reply to: offer price posted by Heidi on November 21, 2004 at 15:56:54:



That depends upon the market, and the circumstances. In some markets, an offer of 110% of the asking price would be rejected. In other markets,75% of the as-is, fair market value would be considered.

Either you can do your homework and make an offer thats suported by current market data... or you canpull numbers from a hat.



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