subject: Negotiating Prices On Indianapolis Foreclosed Homes [print this page] The prices of Indianapolis Foreclosed Homes can be negotiated with the banks. Many people think the prices of foreclosed homes are not negotiable but they really are.
An agent is the last person you want to talk to about buying foreclosed houses. This is because the agent wants to make a profit through a commission. Because the prices of foreclosed houses are so cheap, their commission is already going to be lower than what they are used to making. Negotiating a lower price on a property will only mean less money for the agent so why would they do this for you? Most agents want nothing to do with foreclosures and they may even tell you that a lender will not allow you to use your financing on a foreclosed home so they can get the commission.
If you have been approved to buy a home through a lender you can use the loan toward a foreclosed home. Many agents will tell you otherwise and that is why you want to work directly with the bank. The bank will negotiate the prices of the home directly with you because they have the right to do so. This is because the banks own the properties and they can set whatever price they want to on the properties. The good news for you is that when banks own foreclosed properties it puts them in a bad position and they will take whatever they can get for a house on their books. Negotiating is more than an option and the ball is in your court.
Banks want to get rid of the Indianapolis Foreclosed Homes they have on their books so bad that they will even help you with the financing of the property to push the home. A bank will help you get inside to view the home and they can even give you inspection reports and appraisal information that is up to date and accurate. Dont rely on an agent or a website asking you to pay money for information about foreclosed properties.
Banks own them and they can give you everything you need.
by: Joseph Smith
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