Real Estate pricing in your area?

[Stewie]

Asking price and selling price are different, especially if it's bank-owned. My nephew found a foreclosure and offered them 20% below their asking price (which had been lowered twice before). They said no at first, but called back a week later and said they'd take the offer.

[El Jefe]

Originally Posted by Stewie

Asking price and selling price are different, especially if it's bank-owned. My nephew found a foreclosure and offered them 20% below their asking price (which had been lowered twice before). They said no at first, but called back a week later and said they'd take the offer.

True, but properties are selling for crazy money. We went to a bank auction, log cabin style house, 1900 square feet, 5 acres, interior was pretty rough. Sold for 220k.

[Amnorix]

Originally Posted by Stewie

Asking price and selling price are different, especially if it's bank-owned. My nephew found a foreclosure and offered them 20% below their asking price (which had been lowered twice before). They said no at first, but called back a week later and said they'd take the offer.

This. If bank owned, squeeze the crap out of them. They want it off their books...