paramount, the shorts are getting approved these days up here. There was a thread a few weeks back where the realtors chimed in and I learned that offers on a short are non binding. That lead me to look at a short and the listing agent was very candid. She told me she had two offers on the short, from the conversation I concluded the offers were close to but not quite at the list (which I think is low for that house anyway, but they can’t tell you the specifics). I told her I was unrepresented and would use her so she would get both commisions (advice from waiting hawk, and it works). That opened her up a lot more, according to her she has gotten multiple offers on her shorts but when the BPO and approval is done, the buyers have moved on, many of them are playing the shorts and putting 5 offers just to see what pops. Some listings have ten offers but when it’s showtime, she has one or none left standing there with approval and desire. You could go after that monster for 375-399k and stand a very good chance of getting it. That tract is slipping hard, all those buyers at 750 are folding like lawn chairs, even the small plans are huge and can be had now for mid 3’s. Those are way too big for me but if that’s what you want, it is highly possible to pull one near 300 or one of the 3 story jobs below 400. They do list and go pending quick in that tract so you have to stay on top of it. I missed out on a freaking beauty that had gone for 750k 18 months ago, listed short for 300k, and went pending with multiples by the end of day one. The reality is, someone gets it for 300k, according to the local realtors who are willing to speak candidly, even the screaming deal prices are not bringing in over list prices anymore, the shift started in july. The medium sized homes being listed in the 2’s is starting to pull the rest down with them.
