Upcoming Foreclosures - i found a house that i want to purchase. Its a bank owned foreclosure?

i found a house that i want to purchase. Its a bank owned foreclosure?

It has been on the market almost 3 months 70 + days. Its listed at 289,000 what should i offer?

Irish07 always make your best offer. What you need to do is have your Realtor show you sales in the neighborhood. If sales are above the price of this one, then you've selected a good neighborhood and again should make your best offer.
Talk to your realtor...get comps. check out this free website for property info.: ww.propertyshark.com and www.zillow.com And lastly, what you should offer depends on the house itself, condition, and most importantly....LOCATION! LOCATION!! LOCATION!!! Good luck.
Where do I start, first consult with a Realtor and get pre-approved for a loan. If you do not know a Realtor or lender, ask someone that has recently used one. Then get the comparables for the property. Make an offer based on what you think the house is worth. Do not make your best offer right off the bat. If your best offer would be $250k and they would take $230k then you over paid by $20k. Also realize this is bank owned and your are running on their time frame, and most take forever. Good Luck..