Making an offer on a house-need advice

chachee52 · 02-03-2010, 07:47 PM

Having just bought a house for dirt cheap a year and a half ago, I will give my two cents.
If the bank owns it than they are going to price it at a point where they are going to sell it without loosing money if they can help it. my fiance also works at a bank and knows that the banks don't budge too much. I am definitely in agreement with Resipsa and Bigcat about knowing what the other houses in the area are selling for. Appraisal from what I saw when I was looking is just a minor thing to look at. It's not a tell all of what it's worth in the market.

02-03-2010, 07:47 PM	#8
chachee52 Adjusting to the Life Join Date: Dec 2009 First Name: Todd Location: Tyngsboro, MA Posts: 399 Trading: (2)	Re: Making an offer on a house-need advice Having just bought a house for dirt cheap a year and a half ago, I will give my two cents. If the bank owns it than they are going to price it at a point where they are going to sell it without loosing money if they can help it. my fiance also works at a bank and knows that the banks don't budge too much. I am definitely in agreement with Resipsa and Bigcat about knowing what the other houses in the area are selling for. Appraisal from what I saw when I was looking is just a minor thing to look at. It's not a tell all of what it's worth in the market. __________________