Hello BP Community,     I've found that the banks in North Jersey are unwilling to sell below market value on their REOs.

We would have been a bit quicker but the seller wasn't very available and was unwilling to forward due diligence in a timely fashion. 

@Jessie Niu I have a post somewhere on the forums detailing the entire process, but basically it had to do with a decomissioned oil tank that the bank was unwilling to remove, so we asked them to give us $50k back at closing to assume the risk(We did soil sample tests and other tests), they settled with lowering the purchase price $50k.

A good realtor will ask for a best and final if they really have decent other offers hoping they can get a better offer.Just know what you are willing to pay and stick to that number, even if you rebid the same amount a second time.We also for the most part are unwilling to make a second offer without first getting a counter on our first offer, unless its just flat out a smoking Home run of a deal.  

In the end I was unwilling to beat the high offer-no longer met my criteria-so I moved on.

I was doing a 3.5% down FHA so I didn't have the 20k sitting around to make it happen and the seller was unwilling to budge.

Lots of people on BP say they want stuff, but are unwilling to do the hard work necessary to get it.

@Nick Kenrick buying a home has always been a struggle and many folks are unwilling to pay the price of the struggle.There are alternatives like selling to a long-term renter on terms where you carry the contract.

If the lender is unwilling to approve a related change order, it can create a problematic working-capital shortfall risk, which could have been avoided.An under-utilized benefit of consistently maintaining a detailed SOW for each project is that the dataset you are building can be used to inform future investment decisions.

I think we will see people unwilling to sell for awhile because they paid so much cash over asking.