An offer of 100k on a listing price of 125k for a property that's apparently been on the market 8 months doesn't seem too out of line to me.You could send the listing agent an email stating you want to offer xx for the property and see how they respond.

My question is what information is it exactly that I should collect, and how to offer it for sale.

this is a great way to offer competitive, strong offers, while still using the power of leverage.

I've told the owner that $500 is to much and he seems to be receptive to offers.

I might be able to offer him a subject to offer that he can get a monthly payment from as well as some cash after a few years...

Therefore I was planning to offer to the seller to accept my offer for a lesser amount so that I canuse the bank fund then he could carry a note as owner finacing for about 12 months.Refinace beetween 6 months to a year.

All the best to you as you begin exploring what BP has to offer....

Perhaps it is because that is par for what the owe on their mortgage.Third, do they need to sell.Depending on the answers to the above, you still might be able to offer them a solution.

Today is the first day for all bidders, and I am not sure how much to offer for this one?

Sooo, my first thought would be to offer something near comparables, say $70-80k.