Time and time again the question comes up from my clients, How flexible are the banks on a foreclosure property?
Well based on my experience with these type of deals, more and more banks are paying for closing costs and will negotiate on the sale price. Of course they want to make the most money possible on a sale but it never hurts to make an offer. The best they can do is accept it or Counter-offer.
My last foreclosure deal closed and when all was said and done, the bank payed 3% in seller subsidy and accepted a sales price of $5000 under list price. It's all about negotiation.
Let Stacy Magid help you buy your next home. Call me today and we can get started!!
Licensed in Virginia
Coldwell Banker Elite
703-445-9100 X479 Office