condo association: When HOA Directors Complain That a Short Sale is Priced Too Low - 10/20/17 03:58 AM
Fact: Short sale properties sell for less than market value.
Fact: Neighbors do not like when a home sells that can lower the comps of the neighborhood.
Fact: HOA Directors by job definition have their noses in other people's business.
Fact: HOA Directors sometimes complain that a short sale in their community is priced too low.
Fact: The seller needs relief from the mortgage payments and the HOA fees and needs the property sold. In a short sale, usually, the price is not the seller's main concern.
So how does the Realtor explain the lower price when accosted by the HOA Directors?
Fewer buyers will be … (9 comments)