Lost latest buyer after home inspection was completed due to extent of required work. So far BPO's have come in near asking price of $360k. BoA has been expecting too much for a property that has roof and other maintenance issues. Anyone have experience with approaching BoA with $30k lower offer with copy of inspection report as evidence that home isn't worth the previous price? I do not want to get another offer and have them walk again for the same reasons. I believe a reasonable offer considering the condition and work required will be $330k but would appreciate knowing how to approach BoA thru Equator if any of you have experience with this. Thanks
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back up your claims with real comparables. When the new negotiator gets assigned they will probably order a new BPO, if it is BofA, it will most likely be an appraiser. MEET THEM AT THE PROPERTY and explain in detail why you have an offer at your price. Give them DOM details and showing details to show them true market value. Most appraisers love it and BPO agents too because you are making their job easier
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