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  • March 10, 2010 at 1:49 PM in reply to: Determining Bid price on short sales #524051
    sddodo
    Participant

    Thanks a lot for the comments. I realize location, lender’s balance, BPO, etc all factor into eventual selling price. I am looking at a couple of places where I have a good sense of fair market value. Given that this is a short sale and I have to throw an offer, and wait, is there a rule of thumb on how much the banks will discount compared to BPO? Or what should I offer compared to BPO for them to take me seriously and negotiate with me?

    Thanks,
    pkdodo

    March 10, 2010 at 1:49 PM in reply to: Determining Bid price on short sales #524188
    sddodo
    Participant

    Thanks a lot for the comments. I realize location, lender’s balance, BPO, etc all factor into eventual selling price. I am looking at a couple of places where I have a good sense of fair market value. Given that this is a short sale and I have to throw an offer, and wait, is there a rule of thumb on how much the banks will discount compared to BPO? Or what should I offer compared to BPO for them to take me seriously and negotiate with me?

    Thanks,
    pkdodo

    March 10, 2010 at 1:49 PM in reply to: Determining Bid price on short sales #524629
    sddodo
    Participant

    Thanks a lot for the comments. I realize location, lender’s balance, BPO, etc all factor into eventual selling price. I am looking at a couple of places where I have a good sense of fair market value. Given that this is a short sale and I have to throw an offer, and wait, is there a rule of thumb on how much the banks will discount compared to BPO? Or what should I offer compared to BPO for them to take me seriously and negotiate with me?

    Thanks,
    pkdodo

    March 10, 2010 at 1:49 PM in reply to: Determining Bid price on short sales #524725
    sddodo
    Participant

    Thanks a lot for the comments. I realize location, lender’s balance, BPO, etc all factor into eventual selling price. I am looking at a couple of places where I have a good sense of fair market value. Given that this is a short sale and I have to throw an offer, and wait, is there a rule of thumb on how much the banks will discount compared to BPO? Or what should I offer compared to BPO for them to take me seriously and negotiate with me?

    Thanks,
    pkdodo

    March 10, 2010 at 1:49 PM in reply to: Determining Bid price on short sales #524983
    sddodo
    Participant

    Thanks a lot for the comments. I realize location, lender’s balance, BPO, etc all factor into eventual selling price. I am looking at a couple of places where I have a good sense of fair market value. Given that this is a short sale and I have to throw an offer, and wait, is there a rule of thumb on how much the banks will discount compared to BPO? Or what should I offer compared to BPO for them to take me seriously and negotiate with me?

    Thanks,
    pkdodo

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Viewing 5 posts - 1 through 5 (of 5 total)