It is a good idea? Does it work? How will you approach the bank who answers to the stock holders with an offer that is way under the list price? What about the competition? Are others writing offers on the same property and what are their offering amounts?
There are ways in which to undercut a foreclosure listing. However, in the end it will come down to the day on market timeframe. Has the home been listed over 30 days without a price decrease? What about the selling entity – which bank is it? Some are more flexible than others when it comes to reduction of intended price.
We have all of your bases covered in the Santa Clarita Valley cities and hope you reach out to us when you are ready. I’m Connor with REMAX of Santa Clarita and I’ll be here for you when you are ready to know more.