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Updated almost 8 years ago on . Most recent reply
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How to make my offer stand out? on a bank owned.
I am walking a bank owned on Sunday. I am very interested. Unless it has MAJOR issues... I will likely make an offer. My realtor said the listing agent told him they already have 2 investor offers to open (some 15 day wait for investor offers). it is $220k. I cannot cash the whole thing, Heloc, i have like $260k on tap... so I could cash half, do rehab... but not all.
Seems like I can either pay a bit over asking if the numbers work... OR work terms... like half cash or...? to make my offer stand out... any other ideas? THANKS!
Most Popular Reply
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Banks are simply looking for the highest net price, so bid higher than the other offers.
- Russell Brazil
- [email protected]
- (301) 893-4635
- Podcast Guest on Show #192
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District Invest Group
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