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Short sale with two loans gets multiple offers....not unusual?
This short sale property went on the MLS Saturday. Open house on Sunday. by Monday, we had 5 offers. Wednesday, 7. Friday, 9. And we continued to receive calls inquiring about writing offers.
 

 
Multiple offers
By the following Sunday, and after reviewing the matrix that shows the various terms and conditions of the multiple offers, the sellers countered four. Two of the counter offers came back, and countered at higher prices at almost $100,000 over list price --- and they were only $1,000 apart!
The sellers are overjoyed. And so am I. The offers are over what they paid for it in 2004, and they are 95% of balances owed (when sellers refinanced, with two loans). This bodes well for getting the short sale approved and accepted.
Things seem to be working out. The buyers and their agents are all well-versed with short sales and know what to expect (and for how long).
Keeping my fingers crossed that everything works out.
Key factors that I think helped tremendously in marketing this property:
LOCATION, LOCATION, LOCATION - in the most desirable east end of Alameda Aggressive list price at below market Property was thoroughly cleaned --- looked good, smelled ... more

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