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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Where's the Comp? Posted by SeanW on April 10, 2003 at 5:33 AM In Reply to: looking for a residence posted by Leela on April 10, 2003 at 1:00 AM You'll need the retail value of the house based on comparable sales. That will tell you whether it's worth approaching the owner, worth bidding on, or letting the lander take it (and then negotiate in private as a REO). You do have some advantage over the others, since you want to live in the house. You should be able to outbid (sensible) investors. But you still don't want to pay more than retail. After all, you WILL sell it someday and as people learned in 1990-1996, home values CAN decline in southern Cal. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : You'll need the retail value of the house based on comparable sales. That will tell you whether it's worth approaching the owner, worth bidding on, or letting the lander take it (and then negotiate in private as a REO). : You do have some advantage over the others, since you want to live in the house. You should be able to outbid (sensible) investors. But you still don't want to pay more than retail. After all, you WILL sell it someday and as people learned in 1990-1996, home values CAN decline in southern Cal. Optional Link URL: Link Title: Optional Image URL: [ 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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