OfflineThere's a house i was looking at, and in the remarks section it said, short sale approved for $76k, from the comps my realtor gave me the average price homes are selling for in the particular area is around 100k. My question is, is it possible to offer below what is approved and what are the chances of the offer getting accepted? Has anyone tackled or been through this situation? Any feedback would helpful,, thanks..
Kaphan
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You could offer anything you want, that does not mean you will get an accepted offer or on the other hand you just might. There is no harm in asking, it is either yes, a counter or no reply at all. All the best.
Sandra
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Yes you can, his is Just the price the bank has approved at this time. Just rembember short sales take a long time.
Randy
www.adeptpropertiesllc.com
If the shortsale amount is approved then it has been appraised by an appraiser. If you want to offer less then the approved amount than it would be up 2 you. If you offered the price that it is approved for then you will have a better chance at having the offer accepted. If you have a good lender then they can close the loan less than three weeks to a month it just depends on them and their guidelines and restrictions. Most approved shortsales take no time too close it is the shortsales that are not approved that can take up too three to six weeks for approval amount and another month in a half to close." Nothing is impossible with the Help of GOD!
... than the approved price is starting from square one; 1st the homeowner/seller signs off/approves the offer, then it goes to the bank,& sits on someone desk for a very long period of time, anywhere from 3 to 9 months for acceptance.
I tell my buyers to put the offer in and keep looking. If you get it great if you find another home you can pull the offer while it is sitting and waiting to be reviewed.
Dan
www.danbuyshomesfast.weebly.com