Offer Price vs. List and What Feds Paid For It

[Gary Kelly]

Looking at nice house in TN listed by FHLMC at $450k - was at $480k. They bought it last summer for around $360k.

Any thoughts on how far we can push them? Only thing we would ask for is inspection. They have that 2 year warranty thing, but that is only on mechanicals - not plubming, structure, etc. All cash. Quick close.

[Jake Kucheck]

What they "bought" it for is irrelevant... simply an amalgamation of outstanding debt and debt service that was not an attractive amount to a foreclosure bidder.

Why not just write an offer and let the cards fall where they may? I guarantee they won't accept your first offer, but beginning a negotiation will help you get a feel for the answers to these types of questions.