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Old 02-03-2010, 11:26 PM   #9
colimo
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Join Date: Mar 2009
First Name: doug
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Default Re: Making an offer on a house-need advice

a number of thoughts and suggestions....if it is bank owned, you can search the foreclosure records to find out what they bid at the foreclosure sale to determine what they have in it....

you can also search what similar houses in the neighborhood sold for on such sites as realtor.com...

you may also want to use a broker who will sign a buyers agent agreement, even though her commission is actually paid by the seller....

the 80% may not be bad, but depending on the neighborhood values and what was foreclosed could actually be high...

good luck
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