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The SECRETS to getting a SHORT SALE Approved. What to do and what to avoid...
A short sale does not need to be frustrating, It seems to go as well as the agent handling it is experienced in listing, negotiating and selling them. I list and sell short sales, foreclosures, bank owned homes and reo properties in and around the Manchester NH area so i see it all.To get a short sale to to be approved and limit frustration, there are some things that everyone involved has to do and some things you should  avoid. SHORT SALE CLARIFICATIONS1. The bank is not the seller in a short sale - the home owner is the seller.2. The listing agent works for the home owner - not the bank.3. The bank does not set a list price - the listing agent does.4. The home owner accepts the offer - their bank must then approve the saleSHORT SALE MYTHS - THINGS YOU NEED TO AVOID1. THE LISTING AGENT SHOULD PRICE THE HOME WAY BELOW MARKET VALUEThis is one of the most common killers of a short sale, the banks will assess what the home is worth in todays market and will want that sale price near market value less any repairs needed2. MORE THAN 1 OFFER SHOULD BE SUBMIITED TO THE BANK FOR ... more

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