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Updated about 9 years ago on . Most recent reply

User Stats

19
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3
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Jody Davis
  • Investor
  • West Point, MS
3
Votes |
19
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REO Listings

Jody Davis
  • Investor
  • West Point, MS
Posted
I'm looking at a property that's been listed for 225 days. It is owned by a local bank that is itching to get it off the books. Through the grapevine, I know they are getting ready to lower the price down from $35,000. It needs some minimal work to have it rent ready. Just curious, I know what I'm going to offer, but I would love to hear what some of you would offer for this property since its been on the market for so long? I can give additional information if needed.

Most Popular Reply

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David Dachtera
  • Rental Property Investor
  • Rockford, IL
2,990
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4,609
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David Dachtera
  • Rental Property Investor
  • Rockford, IL
Replied
Originally posted by @Jody Davis:

I'm looking at a property that's been listed for 225 days. It is owned by a local bank that is itching to get it off the books. Through the grapevine, I know they are getting ready to lower the price down from $35,000. It needs some minimal work to have it rent ready. Just curious, I know what I'm going to offer, but I would love to hear what some of you would offer for this property since its been on the market for so long?
I can give additional information if needed.

We'd need a bit more info, really, like comp.'s, property description, and such.

"Until you know value, everything is worthless."
- Robert G Allen 

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