Buying a Foreclosed Home

Question

I'm wanting to purchase a foreclosed home that has an asking price of $108,000. What is the probability of me getting the house for $95,000?

The house has been on the market for about 3 weeks.

Answer 1

Make the offer, but you may want a REALTOR to show you comparables for similar properties in the area.  

Answer 2

Is it an REO?  Make an offer.

Answer 3

Consider offering full asking price so they would be willing to pay closing costs & down payment asst!

Good luck though & 95k is not out of the question.

Answer 4

Doubtful, but it doesn't hurt to make an offer.