Elizabeth City real estate advice needed (bank owned, sale, foreclosure)

[queenjulie]

I'm interested in buying a home in Pelican Pointe in Elizabeth City. It's two years old but has never been occupied--the original buyer couldn't pay and the house went into foreclosure. It's now bank owned. They're asking $299,900, but the bank's own realtor told us, "Offer low! They're dying to get rid of it!" How low do you think we should go? We have $230,000 in cash from our last home sale and would love to pay that much and never have a house payment again--is that low of an offer reasonable?

[coffeebean330]

Originally Posted by queenjulie

I'm interested in buying a home in Pelican Pointe in Elizabeth City. It's two years old but has never been occupied--the original buyer couldn't pay and the house went into foreclosure. It's now bank owned. They're asking $299,900, but the bank's own realtor told us, "Offer low! They're dying to get rid of it!" How low do you think we should go? We have $230,000 in cash from our last home sale and would love to pay that much and never have a house payment again--is that low of an offer reasonable?

I say give it a try. All they can say is no.