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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?
2 Answers
- Feeling MutualLv 71 decade agoFavorite Answer
I would offer them $400K.
They will always try to talk you up in price. Once you make an offer, you can't really lower it.
I don't care if they are insulted, for $100,000.00, I will say I am sorry later.
- 1 decade ago
It varies from company to company. The only thing you can do is make the offer and see what they counter back to you. I doubt if the will take that much more of a bite in the butt but you never know till you try. I would make sure you send them proof with the offer that you can get the loan and tell them you want a quick close.
