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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: REO Posted by JK (the other JK) on April 30, 2008 at 3:07 PM In Reply to: REO posted by JB on April 30, 2008 at 9:57 AM : Hello, : I have a few questions for this board. What can I expect when dealing with a bank on an REO property I would like to purchase? Are they currently willing to negotiate below the listed price? Is there a % rule of thumb that they may go down to? Thank you. : JB Typically, Yes they are willing to go below the listed price. No, there is no set percentage. Pay close attention to the days on market and property condition. The longer on the market and the more beat up / vandalized the property (my experience only) the more they are willing to deal. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : Hello, : : I have a few questions for this board. What can I expect when dealing with a bank on an REO property I would like to purchase? Are they currently willing to negotiate below the listed price? Is there a % rule of thumb that they may go down to? Thank you. : : JB : Typically, Yes they are willing to go below the listed price. No, there is no set percentage. Pay close attention to the days on market and property condition. The longer on the market and the more beat up / vandalized the property (my experience only) the more they are willing to deal. [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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