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I would say chances are they won't lower the price, but you never know until you try.

that may be true.but as an INVESTOR, what you're looking for is these same houses (maybe a bit more beaten up) that have lazy, absent, distressed owners - now you're talking a real reduction in price (and possibly value) of say 25 to 40k...now we're at 60kyou increase the value by making the improvements the former owner could/would not and selling it at a price below the others - say for this example comp'd houses list at 95k - you're selling for 89k for a 20k profit!

If homes are selling for $350 and the assessed value is $150, chances are the revaluation was done about 10 years ago.

Still-I don't want to live under rules such as planned unit developments have, and the chance of even one rogue board member.Originally posted by "Minna":I lived in a town for 3 yrs that I would have otherwise been priced out of because I lived in a condo, and my fees were always low.

Preforeclosure deals also have a much better chance of turning into a lawsuit, when the previous owner decides that the buyer took advantage of them.

There is a good chance the bid will start at whatever is owed on the first loan.

Other houses in the area that were priced 235-255 have not sold and are either now off the market or still there with no buyers...I guess I am trying to figure out if I am just wasting my time here or if there is a chance to get a good house to live in at a good price?

Hi AllI am new to Real Estate investing, been watching it for a long time and now beleive its time to take a little chance.

Make some extra money and pay your debts, thereby improving your credit.