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re: Real Estate Question: Haggling a Foreclosure

Posted on 11/20/14 at 2:26 pm to
Posted by CharlesLSU
Member since Jan 2007
31941 posts
Posted on 11/20/14 at 2:26 pm to
quote:

I bought an executive McMansion that had been taken back from the bank twice, I low balled, they countered, I countered, and got it for about $75K less than they were asking, lived in it for four years, updated it, and sold it for about $200k more than I paid for it


THAT is my hope.

yank, I understand saying frick it.....that's why we may. No harm in trying.
This post was edited on 11/20/14 at 2:27 pm
Posted by 777Tiger
Member since Mar 2011
73856 posts
Posted on 11/20/14 at 2:30 pm to
quote:

THAT is my hope.

not only were they willing to negotiate price, I got them to go down every item on the inspector's punch list and make it right, and even a few things that I discovered after I moved in, it was actually easier than a conventional sale(individual to individual) good luck
Posted by Restomod
Member since Mar 2012
13493 posts
Posted on 11/20/14 at 2:49 pm to
quote:


yank, I understand saying frick it.....that's why we may. No harm in trying.



not necessarily, too low and you insult and depending on the person they may not counter out of spite. I have seen it happen.
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