short sale home prices vs regular sales: Should Regular Sales be Compared to Short Sales When Pulling Comps?
- 08/03/12 09:20 AM
Should Regular Sales be Compared to Short Sales When Pulling Comps? Oh how I LOVE this conversation. I love it because there is a general sense in the Northern Virginia home buying and selling population that Short Sales are bargains. Banks, staring foreclosure in the face are willing to do bargain basement deals on homes that will otherwise end up in their inventory. Nothing could be farther from the truth. Banks accept or decline Short Sale offers, based on BPO values or appraisals. When the banks ask an appraiser or agent to go out and DO these evaluations or comparable
(13 comments)
|
|
|
|