Short Sales Getting Bigger Discounts

Managing Real Estate Broker with EXIT Realty Leaders 20569187

It looks like short sales are starting to get bigger discounts than bank owned properties.  This seems to be what I am seeing as well.  Most bank owned homes are priced well and have multiple offers within a few days on the market.  Short sales, on the other hand, require a buyer to wait for their offer to be approved a few months after they submit it to the seller.  In the mean time, they don't know whether the bank will accept their offer or counter with a revised price or terms.  If a buyer is willing to go through that ridiculous process, there is an opportunity for a larger discount on price.


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Justin Burke

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