Question:

How much would you expect to pay foreclosure in benicia?

Answer:

If you are speaking about a specific property that you are looking at and you are wondering what to offer?  That’s where an experienced Buyer’s Agent will help out tremendously.

Depending on where the seller of the home (bank) lists the home and what the buyers are paying to live in that neighborhood - that will determine what you should offer in order to be “in the game”.

Offering less than what is being offered because you think you can “get a deal” is a myth unless you’re a mostly cash buyer and the seller thinks they can unload the home quickly and with no hiccups.

If you are asking for the seller to pay closing costs, and if you REALLY love the home…..the bottom line is - everything on the market right now is a GREAT buy if you plan on living in the home for a while.

Another thing to consider, for the sake of being competitive, is that you can not buy the home for “more than it’s worth”.  Regardless of the sales price, if the appraised value of the home comes in less - the seller will typically reduce the sales price to meet the value.  The lender will not finance more than the home is worth.

Hope this helps - if you’re not working with a Buyer’s Agent yet, start interviewing one now.  A good agent will give you a significant edge when making offers.  Rod sounds like he know his market…maybe start there.

Scott