Did you notice recently many Short Sales listings reduce prices

[5yearwaiter]

[quote=UCGal][quote=5yearwaiter][quote=Zeitgeist]
The logic is that people will go look at a house if the price is within the range… and then they fall in love with it and bid it up. The sellers are gambling that a bidding war will drive the price higher than the listing price.[/quote]

Is there any way that we can also know how many offers are existing and what is the highest bid etc?

[sunny88]

In my own experience you will not be able to get a short sale at the asking price. Therefore, it doesn’t really matter how low the asking price is. Most short sales go for the market rate.

[sunny88]

In my own experience you will not be able to get a short sale at the asking price. Therefore, it doesn’t really matter how low the asking price is. Most short sales go for the market rate.

[sunny88]

In my own experience you will not be able to get a short sale at the asking price. Therefore, it doesn’t really matter how low the asking price is. Most short sales go for the market rate.

[sunny88]

In my own experience you will not be able to get a short sale at the asking price. Therefore, it doesn’t really matter how low the asking price is. Most short sales go for the market rate.

[sunny88]

In my own experience you will not be able to get a short sale at the asking price. Therefore, it doesn’t really matter how low the asking price is. Most short sales go for the market rate.

[SD Realtor]

All I can tell you guys is that there is alot of variability with short sale offers. One dependency is that you may want to check to see the trustee sale date. If the date is right around the corner then yeah they are more then likely just trying to delay the trustee sale. We have discussed many times that lots of times agents will post a short sale with a low price simply to get an offer into the lender to get processing done.

One thing that I am seeing is that second liens are being alot more tougher to deal with then last year.

It is just a variable process. I have two short sale listings with the same first lien holder and they are being processed in a very different way. Both of them however are agonizingly slow. Also each time the buyers have walked we have had to resubmit the packages and that also adds more time to the process.

In the end the deals do get done alot of the time, it just takes extreme persistence. If you are a buyer be patient and have alot of faith. Fire and forget.

[SD Realtor]

All I can tell you guys is that there is alot of variability with short sale offers. One dependency is that you may want to check to see the trustee sale date. If the date is right around the corner then yeah they are more then likely just trying to delay the trustee sale. We have discussed many times that lots of times agents will post a short sale with a low price simply to get an offer into the lender to get processing done.

One thing that I am seeing is that second liens are being alot more tougher to deal with then last year.

It is just a variable process. I have two short sale listings with the same first lien holder and they are being processed in a very different way. Both of them however are agonizingly slow. Also each time the buyers have walked we have had to resubmit the packages and that also adds more time to the process.

In the end the deals do get done alot of the time, it just takes extreme persistence. If you are a buyer be patient and have alot of faith. Fire and forget.

[SD Realtor]

All I can tell you guys is that there is alot of variability with short sale offers. One dependency is that you may want to check to see the trustee sale date. If the date is right around the corner then yeah they are more then likely just trying to delay the trustee sale. We have discussed many times that lots of times agents will post a short sale with a low price simply to get an offer into the lender to get processing done.

One thing that I am seeing is that second liens are being alot more tougher to deal with then last year.

It is just a variable process. I have two short sale listings with the same first lien holder and they are being processed in a very different way. Both of them however are agonizingly slow. Also each time the buyers have walked we have had to resubmit the packages and that also adds more time to the process.

In the end the deals do get done alot of the time, it just takes extreme persistence. If you are a buyer be patient and have alot of faith. Fire and forget.

[SD Realtor]

All I can tell you guys is that there is alot of variability with short sale offers. One dependency is that you may want to check to see the trustee sale date. If the date is right around the corner then yeah they are more then likely just trying to delay the trustee sale. We have discussed many times that lots of times agents will post a short sale with a low price simply to get an offer into the lender to get processing done.

One thing that I am seeing is that second liens are being alot more tougher to deal with then last year.

It is just a variable process. I have two short sale listings with the same first lien holder and they are being processed in a very different way. Both of them however are agonizingly slow. Also each time the buyers have walked we have had to resubmit the packages and that also adds more time to the process.

In the end the deals do get done alot of the time, it just takes extreme persistence. If you are a buyer be patient and have alot of faith. Fire and forget.

[SD Realtor]

All I can tell you guys is that there is alot of variability with short sale offers. One dependency is that you may want to check to see the trustee sale date. If the date is right around the corner then yeah they are more then likely just trying to delay the trustee sale. We have discussed many times that lots of times agents will post a short sale with a low price simply to get an offer into the lender to get processing done.

One thing that I am seeing is that second liens are being alot more tougher to deal with then last year.

It is just a variable process. I have two short sale listings with the same first lien holder and they are being processed in a very different way. Both of them however are agonizingly slow. Also each time the buyers have walked we have had to resubmit the packages and that also adds more time to the process.

In the end the deals do get done alot of the time, it just takes extreme persistence. If you are a buyer be patient and have alot of faith. Fire and forget.

[AK]

Some raise prices too.

I can think of one that listed at $299K, then got kicked back by the lender(s) at $325K. Closed months later at (drum roll) $290K, presumably cash. Though it’s possible the buyer had to pay a few grand toward the second out of pocket.

Incidentally it’s now back on market, marked up $75K with paint, carpet, and a new granite countertop over the old beat-up ’80s cabinets. Listing agent seems to be a former associate of a celebrated “Super” realtor familiar to us bubble bloggers. Who knows, it may just sell at that price.

[AK]

Some raise prices too.

I can think of one that listed at $299K, then got kicked back by the lender(s) at $325K. Closed months later at (drum roll) $290K, presumably cash. Though it’s possible the buyer had to pay a few grand toward the second out of pocket.

Incidentally it’s now back on market, marked up $75K with paint, carpet, and a new granite countertop over the old beat-up ’80s cabinets. Listing agent seems to be a former associate of a celebrated “Super” realtor familiar to us bubble bloggers. Who knows, it may just sell at that price.

[AK]

Some raise prices too.

I can think of one that listed at $299K, then got kicked back by the lender(s) at $325K. Closed months later at (drum roll) $290K, presumably cash. Though it’s possible the buyer had to pay a few grand toward the second out of pocket.

Incidentally it’s now back on market, marked up $75K with paint, carpet, and a new granite countertop over the old beat-up ’80s cabinets. Listing agent seems to be a former associate of a celebrated “Super” realtor familiar to us bubble bloggers. Who knows, it may just sell at that price.

[AK]

Some raise prices too.

I can think of one that listed at $299K, then got kicked back by the lender(s) at $325K. Closed months later at (drum roll) $290K, presumably cash. Though it’s possible the buyer had to pay a few grand toward the second out of pocket.

Incidentally it’s now back on market, marked up $75K with paint, carpet, and a new granite countertop over the old beat-up ’80s cabinets. Listing agent seems to be a former associate of a celebrated “Super” realtor familiar to us bubble bloggers. Who knows, it may just sell at that price.

[Author]

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