Wednesday, May 23, 2012

What to offer on this foreclosed bank home?

What is an appropriate starting offer to place on this home? What is the maximum you would offer to pay on this home? It was up for sale back in November 2006 by the owner, then bank took it over and listed in April 2007 and was at $139,000 now dropped to $133,000. It has all galvanized plumbing, looks like it will need a new roof in about a year, possibly needs a updated furnace, basement is from the 60's (out of date) and yard needs to be relandscaped. 6349 Cambourne Rd Dearborn Heights, MI $ 133,000 3 Bedrooms, 1 Full Bath, 1 Half Bath Year Built: 1957 Style: Ranch Possession: IMMED Subdivision: Lewis Manor Sub County: Wayne Approx. Square Footage: 1,026 Lower Finished Square Footage: 500 Garage Description: 2 Car, Detached Taxes: $2,740 Mortgage Calculation Living Room: 14x20 Kitchen: 11x11 Master Bedroom 1: 11x12 - Entry level Bedroom 2: 11x11 Bedroom 3: 11x09 Basement: Finished Cooling: Central Air Heating: Forced Air

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