Negotiate Foreclosure Prices
I have found a lot of foreclosures in my area lately, but the prices are at FMV. How do you negotiate on bank owned properties, or are they negotiable? Also, is it better/easier to buy a foreclosure that is listed as "under contract" or "for sale"?
Thanks
Everything is negotiable. If you intend to offer less than their asking price, and you want your Offer to be seriously considered, be certain to support your Offer with some facts.
Once the property is under contract... presumably it is no longer available.