Use that as value to negotiate a lower price. 

You find the property first and negotiate to get under contract.

I do think there is still a chance for you to talk to the owner and negotiate the price, nothing is done yet bro.

Additionally, you have to be an expert marketer & negotiator and contract expert. you can do this, but you've got to make sure you have the tools you need in your toolbox. 

The worst negotiations is when you have everything to lose and the best when you have nothing to lose.

Or, maybe if my core skill was negotiation and I could close killer deals everywhere I went.But, for normal people starting out with aspirations to become a skilled and "successful" REI (whatever that means), we need education.  

My question to those that have more experience than me, is it worth negotiating with the bank?

Watch your due diligence time period and be ready to negotiate if need be. 6.

Hi @Adam WorthNote I'm not an expert negotiator but have been doing sales for a while now and since I'm still very young I'm noticing that the results you seek out of life comes down to how well you negotiate lol from buying a car, going on a date to everything (at least my experience lol) But this in one of the reasons I truly love Real Estate there's so much information out there for your disposal that you can justify the offer your going to make regardless the amount.Since he's your neighbor don't feel like you're going to insult him because you just never know what that person is going trough in closed doors a ridiculous offer just might make his day especially if he can't financially keep up with it or it's stressing the person out.Regardless just be prepared with facts baking up the offer your making, you can do this buy talking to a Realtor to get a CMA to see what has sold and get a ARV since his home is similar to yours, since you mentioned he overpaid this tells you that he might be underwater or have no equity this gives you an opportunity to ether lease option or some type of seller financing.

If the closing is delayed what happens to my furnishings or leases that may have been negotiated re written prior to closings based upon dates and amounts.