My friend bought a home that took him 9 months. This home appraised for over $900,00 mind you, but this is how he did it.He wrote an offer for $301,000 and left it open for the whole month for the bank to take it.
Next month rolls around and he writes it again.
He does this for 9 months. The home, sits on the market and finally the bank realizes that this might be the only way they get rid of it.
They called him on the 9th month.
This really only works in a price range where there is not much competition.
My friend also had to dump an additional $100,000 into the home to get it up to par where things were finished.
Most people can't do a deal like this, but if you are patient, maybe you can.
Thanks Burke Bennett
http;//www.seidahohomes.com
208 589 5599
burkebennett@hotmail.com
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