Looking at a preforeclosure from a realtor's listing-got some questions !

Looking at a preforeclosure from a realtor's listing-got some questions !

Zillow values it at 369K and Total View is at 329K.It's listed at 299K,so I think my max offer should be at 279K,leaving a 50K spread.

What do you think ?

Also,what exit clauses will protect me,if it doesn't sell?

Zero down,seller pays any/all closing costs,subject to property inspection/partner's approval
and contract null/void at end of 60 days?

Doing this with a Realtor,so it's a little more delicate.

This will be my first deal,hopefully !

Any suggestions would be helpful,thanx !

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comps

Zillow and Total View real estate are good but sometimes they are not up to date. I would ask your agent for comps. That will give you the most accurate fair market value of your property.

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