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How to place an decent offer?

Too keep the story to a minimum for now, I am curious what a typical offer would be on a foreclosed home that has been on the market for nearly a year? It needs some floors put in, drywall, and just a general remodel work thats going to need to be done. I'm not too sure what has kept it on the market for so long. The bubble has showing it going from a average 110k in 2019 and the new asking of 159k. Is 110k in a reasonable offer?

Obviously my goal is to get as low as possible so I can turn and put any spare into the remodeling. If it's marked at 159 how would you come in offer wise?

submitted by /u/banssssdance
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source https://www.reddit.com/r/RealEstate/comments/1b9iff2/how_to_place_an_decent_offer/
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