I made an offer on a short sale this past weekend and the listing agent said that they were going to submit offers today. The listing agent seems to be somewhat of a “straight shooter” because my agent likes to ask what we need to bid in order to win, but the listing agent gave him some ethics shpiel when he asked.
When I had my agent call today to check the status, the listing agent said that they submitted all the offers to bank (with hud), and told my agent that I had the best and highest offer.
1) Is there anything I or my agent can do to make sure that I get this property since I had the best offer?
2) Is it standard to submit all offers or just submit the best offer? My agent says that usually only 1 offer is submitted.
3) Does submitting all offers mean that property is moved from active to contingent or does some other criteria need to be met?
If you complete a short sale in 3 months, the stars are certainly aligned in your favor.
There is no ‘standard process’ for a short sale, so your questions are tough to answer. You’re asking these questions on the right forum though. Someone a lot smarter than I will have the answers. Good luck.
If you complete a short sale in 3 months, the stars are certainly aligned in your favor.
There is no ‘standard process’ for a short sale, so your questions are tough to answer. You’re asking these questions on the right forum though. Someone a lot smarter than I will have the answers. Good luck.
If you complete a short sale in 3 months, the stars are certainly aligned in your favor.
There is no ‘standard process’ for a short sale, so your questions are tough to answer. You’re asking these questions on the right forum though. Someone a lot smarter than I will have the answers. Good luck.
If you complete a short sale in 3 months, the stars are certainly aligned in your favor.
There is no ‘standard process’ for a short sale, so your questions are tough to answer. You’re asking these questions on the right forum though. Someone a lot smarter than I will have the answers. Good luck.
