short sale pricing: Short Sale Road Rules: Short Sale Pricing Strategy
- 01/11/12 05:11 AM
From what I’ve seen, not having a pricing strategy or mispricing short sale listings is a major contributor to short sale delay and failure. Something as simple as getting the price right may be the difference between a successful short sale and a foreclosure. This failure could very well become the basis for a complaint or lawsuit against the listing agent on the basis of negligence or incompetence. My rule of thumb is simple: If you have a short sale listing on the MLS for more than 30 days without an offer, you’ve priced it wrong. In the last few … (1 comments)
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