Your name saw this post on The ActiveRain Real Estate Network and thought it might be of interest to you. Please see the link below to review the post.

One Way to Handle a Lowball Short Sale Offer That Can Work
You can't blame buyers for wanting to get a good deal. Especially experienced real estate investors in Sacramento. Well, actually, you can point the Flying Fickle Finger of Fate at them when you've got multiple offers coming in on that short sale that are driving the price up and up and yet they still throw a lowball into the mix -- because that's kinda pointless -- but there is nothing inherently wrong with a lowball offer. Before you start slinging whipped-cream pies at my head, let me explain.
Any agent with a lick of common sense knows that banks approve short sales because the sales price is about what the bank would get if they sold the home themselves as a foreclosure. Some say a bank's net is less as a foreclosure -- I've heard up to 30% less -- because of the cost to foreclose. But sometimes a bank's net is more as a foreclosure, especially if the government is paying them to do the foreclosure.  But because of the inner workings at banks, and the way their balance sheets fluctuate month to month, it's really hard to say exactly what motivates them.
As a Sacramento short sale agent, I ... more

__________________________________________________
Are you on The Rain? Grow Your Network!