Buying a foreclosure
There is a house in Edmonton I am interested in, and it has been foreclosed. I have contacted a realtor, and he got my parents in to see it, as I'm out of town right now. Our plan was to buy it together to fix up, and sell. It has been in the hands of terrible owners for a while now, and since it's right across the street from my folks' place, we want to buy it to sell.
Our realtor suggested offering X amount for it, but is there a way to find out from a bank exactly what they want for it? Can you generally haggle down more from that figure? It is in rough shape, is dated, and needs a lot of work, so it isn't really worth what it should be right now.
Where do I go from here?
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But living an honest life - for that you need the truth. That's the other thing I learned that day, that the truth, however shocking or uncomfortable, leads to liberation and dignity. -Ricky Gervais
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