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re: Talk to me about foreclosure homes + Homepath Sales

Posted on 7/11/15 at 9:00 pm to
Posted by GenesChin
The Promise Land
Member since Feb 2012
37706 posts
Posted on 7/11/15 at 9:00 pm to
quote:

I put 2 offers in in homepath properties to try and fix up and flip. The list price was way out of line for what needed to be done and they did not want to budge. Just more government garbage imho.




Homepath I'm looking at is listed about 100k less than all comparable homes in area. Does not appear to have any damage and kitchen was recently renovated. New HVAC + Roof

ALl the bathrooms are outdated and would need to be completely redone but the father in law offered to do it at cost when he gets time (he's just handy and can do everything but plumbing)
This post was edited on 7/11/15 at 9:01 pm
Posted by ynlvr
Rocket City
Member since Feb 2009
4596 posts
Posted on 7/12/15 at 7:35 am to
I offered list price on a homepath property the day it passed the wait list time for owner occupancy. There were no other offers in at the time. The next day another offer was received -lower cash offer, mine was financed - lower cash offer was accepted.
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