I found a Short Sale property and the price range that was quoted in the listing was 485K – 555K. My agent tells me that my offer should be something in the 520K – 530K to even get a chance for the seller to accept my offer and present it to the lender.
I am not really convinced about this. What do you guys think?
I know ultimately its up to the lender to accept/reject the offer.
BTW: I looked at the sale history and it looks like the last sale was for 420K. So I would think the lender must be happy if the offer is 420K, right????
