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How to get a 200K home down to 150K? on reg sales, foreclosures and bank owned?

Public Comments

1. Rub the magic lamp and wish. A buyer can offer the 150k and if the seller accepts great but no way can you force the price down
2. If you have a "motivated seller", it could happen...but if the note still carries most of the balance, its not likely. In the current market, houses in that price range are still selling. The larger, more expensive to maintain properties are not moving at all. I have two friends in real estate, and both tell me the only sales they have had in a year are in that price range. That suggests that you will probably not be able to get the seller to decrease the price bu the 25 percent you are hoping for. I would suggest you offer 15 percent less, and see where it goes. Good luck!
3. You make your offer, then wait and see.