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
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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.