Quote Originally Posted by jake View Post
How much below the asking price? You could try 40%, as they sometimes want cash buyers only.
You are obviously a smart guy Ricky, however watch the banks, as they sometimes have a surprise up their sleeve.
I was considering 40% below, and will try and negotiate from that basis. It will be cash, which I am sure helps. They are offering a clean title and paid up taxes, however after getting advice on another forum will be doing some extra digging first to see if anything could be a problem with this. We have been watching some of the foreclosure lists for a while (I know its a bit grim, but someone has to buy them).