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Short sale question

Posted by jane__ny (My Page) on
Thu, Apr 29, 10 at 1:14

If we are interested in a short sale and offers have been made, can my RA find out what the offers are?

Jane


Follow-Up Postings:

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RE: Short sale question

Nope


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RE: Short sale question

Thanks Linda, wishful thinking on my part -

Jane


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RE: Short sale question

Jane, you are not alone. EVERYONE, ALWAYS, wants to know what the other offer is. I'm pretty sure thats why its secret. If you knew, you could beat it by $1, if they knew, they could beat you by $1. Thats why they say, put it your final and best.

Short sales are listed below market value and there is no guarantee the bank will even accept it. If you have looked around at enough houses, you will know if the asking price is a good price. It seems to be getting better, but in my area, some of the agents are putting ridiculous prices on short sales, (way too low) getting peoples hopes up too high and in the end, it doesnt happen.

If you really want the house, have your agent do a CMA and put the offer in for true market value. You should be higher then any of the current offers and you'll have a better chance of getting the home at a great price.


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