How much should I offer for this foreclosed home?

What to offer on a foreclosed home?

  • The house is assessed at $162,000, on the market now for $94,900. Pending inspection, what's a good offer to make? It does need some updates but is technically just about move in ready after some good cleaning.

  • Answer:

    The list price does not matter. And I the tax assessment is not a good indication of market value either. Look at the comparable homes that have recently sold and use them to estimate how much you should offer.

rae_lee9 at Yahoo! Answers Visit the source

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if it really only needs a good cleaning, i would offer 90,000 and let them counter offer.

Check "comparable sales".

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