Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Foreclosures
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 9 years ago,

User Stats

12
Posts
3
Votes
Andrew DeB
  • Investor
  • Grand Prarie, Alberta
3
Votes |
12
Posts

Low balling a foreclosure in Alberta- how low to go?

Andrew DeB
  • Investor
  • Grand Prarie, Alberta
Posted

So I found a fixer upper foreclosure on the mls listed at 190k. This is my first time dealing with a foreclosure so I'm learning the ropes still. Also I'm located in Canada. I put in a conditional offer of 170k, offer was rejected due to being conditional to financing but the lawyer dealing with the property is willing to work with me to get me what I need to get financing approved and make a unconditional offer. My offer is the only one ever made on the property and to me this is a sign I might be able to get it even cheaper. Once i secure financing should I make a even lower offer? If so by how much? It is already a great deal at 170k, with 25k repairs I'll be able to flip it for 240-250k no problem.

Loading replies...