Don’t you think that listing prices are a little low then? [/quote]
Possibly.
Short sales are by definition less desirable in non-price terms.
It is generally necessary to lower the price to create interest.
[quote=SD Squatter]Is the goal here to get a bidding war going and close on the first day? [/quote]
That would be great but is, for the most part, impossible.
The bank needs to approve the purchase and usually takes months to do that.
Therefore opening escrow (let alone closing escrow) is usually months away.
[quote=SD Squatter]I’m just missing the logic here…, why the rush?[/quote]
It is important to get offers quickly because, as the agent (or short sale consultant), you need a buyer with an offer to even begin working the deal with the bank to get an approval and open escrow.
The concept of rushing just does not enter into it.
The irony is that these take months and are called “short” sales.
