Property Q&A in Bohemia>Question Details

Joe, Home Buyer in Bohemia, NY

Is it possible to negotiate with the bank for a cheaper price for a foreclosed house like this?

Asked by Joe, Bohemia, NY Thu Mar 10, 2011

--
This question is about this property: http://www.trulia.com/foreclosure/3038252404--Smithtown-Ave-…

Help the community by answering this question:

Answers

2
Hi Joe,

I just research this home and it is not on the market for purchase as of yet. I can further delineate the details of this home vs others. If you are interested in both forclosure information and short sale information you can easily get in touch with me for a buyer interview to answer all of your questons. I work with both investors and first time buyers though a forclsure/short sale network. Please be cautious, Joe, most of the online answers you will receive may not always be in your best interest.
My office at Century21 Castle: 631-588-4663
Web Reference: http://c21castle.com
0 votes Comment Flag Thu Mar 10, 2011
Joe -

this is listed on trulia by a company called RealtyTrac - this home is not "for sale" per se. It is in the process of foreclosure. So it's a pre-foreclosure.

If you're looking to buy a bank-owned home - and your not an investor by trade - then you might as well just hook up with an agent who knows the REO (bank owned) market. The competition on pre-foreclosures is very fierce and if you're not a savvy investor - you're wasting your time.

To answer your question - every deal on real estate is negotiatable. With a property like this, RealtyTrac uses their database to have people sign up (for a lot of money) and you can't really buy these properties. See the web reference - sign up. I do this for a living.
0 votes Comment Flag Thu Mar 10, 2011
Search Advice
Email me when…

Learn more

Copyright © 2012 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer