Associate Member
Hey guys,
Thinking of buying a bank owned two family in central jersey. Anyone have any pointers on negotiating? Is there a certain percentage of the asking price i should offer? Like should I offer 15-20% less then the asking price? Want to get a written contract asap to get the 8k home buyers credit. Thanks guys.
Knowledgeable Member
jeresy, thats your first problem
Nothing to it, but to do it
Go as low as possible. I just had a buddy buy a house that was listed at 98,500 for 64,000. It was a foreclosure. Just don't be scared to low ball em
Associate Member
They are asking 225,000. I was thinking maybe 175,000.Originally Posted by stack_it
Nothing to it, but to do it
Seems like a legit offer
Junior Member
where in central jersey,,, i too am frm the area?? buy mine thn i can move to a better state LOL
Member
Drop another 5k, more then likely the bank will another offer. Mine was listed at 90k offered 60k a month later i got the house. To be honest i didn't think i was going to get it, but thank god i did i am happy now, well i need some ***** but other then that i am ok.
Banned
lmao
~VET~ Extraordinaire~
your just mad cause you can hang in jersey
Dulce bellum inexpertis
Don't buy a house here, what you save buying the foreclosure you will more than lose in paying these god damn property taxes...
I feel accomplished
you'll get to own your own little sweat gland in the arm pit
fist pumps!
Anabolic Member
I buy properties in Michigan, but no nothing of the values of homes in NJ.
Generally they won't accept an offer that low, but if you have the money, and just tell them the offer stands, some times if it sets for awhile they will call you back.
Eventually they get sick of the carrying cost and just want to get out.
Senior Member
get pre approval for a mortgage if your financing it. without that sellers dont pay much attention.
Moto
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