How Do I Low-Ball a Foreclosure? Very Carefully!
By Jonathan Benya, The Benya Group
(The Benya Group)
Trying to buy one of the multiple foreclosures (REO, or Real Estate Owned) for sale in Waldorf, MD or Charles County MD? Most folks who are trying to buy a foreclosure are looking for a great deal, and while there are some deals to be had, it seems like there is just as much overpriced junk that needs to be reduced in order to sell. In comes the concept of the low-ball offer. Low-balling is where you offer considerably less than the asking price on a home. It's easy enough to write (You always have the right to offer as much as you think is fair), but writing the offer and getting the bank to accept the offer are two very different things! So how do you convince the banks to accept less than they want for a foreclosure? Well, there's a couple of ways to increase your chances of getting...
Comments
0