Buying Tip: Coming up with an Offer Amount: Normally in the 1st 2 weeks that a foreclosure is on the market the bank will only come down on the price about 3%. Same thing in the 1st 2 weeks from when a property is reduced. Occasionally they will come down more and it doesn't hurt to try. If you want to end up at a certain number be sure to offer a few thousand less than that on your first offer so that you can counter at that amount and hope to end up there. If a home has been on the market for more than a few weeks, we can offer a lower amount and see where the bank counters from there. There is no way of knowing how much a bank will come down on the price until we make an offer and see what they say. The bank looks at the net amount of the offer so it would be purchase price minus any closing costs paid on behalf of the buyer. I help you through the entire negotiating process and everything between and through closing. Feel free to contact me with any questions.