I'm interested in a house in Lake Havasu as a rental/summer home. Listing is $250k, foreclosure that doesn't

Darrell
Home Buyer
Lake Havasu City, AZ

appear to be finished. Are banks willing to deal? If so, i would like to talk to someone about this.

Answers (2)
Brigitte Jerke
Agent
Lake Havasu City, AZ

Yes they are dealing. It depends on the bank. Usually it's about 10%. Again some won't move much off the price or with multiple offers there could be a bidding war. If you are not working with an agent at this time I could look into it for you. I just need the information on the home and how to contact you.

Brigitte Jerke
(928)208-8501
ABR,GRI,SRES,e-PRO

BROOKS-CLARK & ASSOC. http://www.livinglakehavasu.com

Tue Jun 23 2009, 10:13
The Concierge S...
Broker
Lake Havasu City, AZ
FIRST ANSWER

Hi Darrell,

You're looking in a price category where the banks may be more willing to deal with you on the price. Homes under $200,000 dollars are selling the quickest, and many of them are priced to sell. It may sound crazy, but if you're in that segment of the market you might expect to have to offer well above asking price to get the home.

However, each situation is unique. There are many factors to consider when making an offer on a property - and the right questions need to be asked of the listing agent by your agent. Because you're in a less competitive price range segment of the market, it may be possible for you to get a better deal if the home has been listed for an extended period of time without any activity or offers.

If you would like to talk to someone about that specific property, please contact us.

The Concierge Service Team
Selman & Associates
928-854-5511
Dominic@TCSTnow.com

Tue Jun 23 2009, 09:36

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