Recently I've had a lot of people looking for great deals on property. Specifically, a lot of people think that because a home is bank owned or a short sale that they can offer much less than the listed price. In trying to educate my buyers I've put together some interesting information on recent short sales.
From February 16th - March 16th
Short Sales
<$200,000
25 Closed
8 for more than the asking price by an average of $3775
6 for less than the asking price by an average of $3658
11 for exactly the asking price
<$300,000
19 Closed
3 for more than the asking price by an average of $3700
10 for less than the asking price for an average of $11,160
6 for exactly the asking price
>$300,000
11 Closed
3 for more than the asking price
7 for less than the asking price
1 for exactly the asking price
You can see by these recent transactions that quite often a short sale is already an excellent deal without having to reduce the price. To learn more about short sales please feel free to give me a call at (360) 931-3010 or visit my website at www.GoGoodDeals.com
As a certified Short Sale & Foreclosure Resource I can help guide you through the process.
Lorie Carroll, REMAX Equity Group
(360) 931-3010
www.GoGoodDeals.com
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