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How much of a loss will a relocation company take on a house?
There is a house on the market. The relo company bought it for 647K. They've reduced the price to 599K. Overall the house has been on the market for 320 days. I am prepared to throw a lowball offer (500K) at them since you can't insult a relo company like you can a homeowner. Does anyone have insight on typically how big of loss a relo company will take. Especially consdiering the current state of the market?
1 Answer
- godgedLv 71 decade agoFavorite Answer
Dealing with relocation companies is a bit like working with lenders. They obtain appraisals and broker price opinions to determine value, and aren't willing to let the property go for significantly less than fair market value.
But, as you said, you arent dealing with a passionate home owner, so give it a whirl.
Source(s): Oregon Realtor
