You want my buyer to Pay what?
We were looking at homes in the North Scottsdale area. We found one that would work for my clients and they were excited to move forward. They asked me to run comps so we could discuss an offer price. But when running comps, things just didn't add up. So, I called the listing agent.
This will be a short sale but only the second will be shorted. They do not want to lower their price any more because they only want to short the second. As it is, they are going to have to bring money to the table for the second and they have worked out a deal where the lien will be released and transfer the lien and the balance of the loan to another property that the seller ownes. So, Does that mean my buyer pay more then market value? Just because the seller does not want to short the first? I don't think so.
It might be different if was only a ocuple thousand dollars, but this was $40,000 to $50,000 overpriced. Sorry Miss Listing Agent, but my client is not willing to pay more then market value.
So I ask again, You want my buyer to pay what?
In todays market where homes are selling for more than list price and with multiple offers, make sure you are working with an agent who is looking out for your best interest. Make sure you are working with a "Buyers Agent".
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