Has Anyone Had Any Luck Getting Money Back On REOs(m)
I have found a property that is an REO that I would like to make my primary, of course I don't want to offer full asking price. It needs a little work. Has anyone had luck offering less than asking price and getting repair concessions? Any thoughts and advice, greatly appreciated.
quinn
Keep it simple when offering on an REO. Make your offer based on what you feel the house is worth in as-is condition.
You could ask for a repair credit but why bother. Just discount your offer by the amount of repairs.
I offer 30-50% lower than asking price. See if they counter.