REO Single Fam in PA - How to effectively negotiate with a bank?

[Evelyn Carrera]

Hi all. I am a new real estate investor in PA. I'm currently looking at a REO SFH in PA, I would like to know of there any way I can negotiate a 20-30% lower offer to the bank? I am anticipating $25,000.00 rehab costs. Do banks negotiate offers at all? Do I start with a lower offer? Any help will be greatly appreciated.

Here are some numbers

Bank List Price approx $130k

AVR comps $165k

Rehab cost approx $25k

Rents for $1600 p/m plus utilities (owner pays water/trash/sewer)

Thanks again for all your help.

Eve.