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Where to Price a New Short Sale

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Real Estate Agent with RE/MAX GOLD Real Estate

Where to Price a New Short Sale

In this new short sale market I am concerned about where to start pricing a short sale for my clients. The current comps. are so varied. Any advice from you seasoned short sale agents. I work in a rural area, dealing mostly with homes on acreage, no residential subdivisions where comps. might be easier. What will the banks look at as an average short sale price???

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Jennifer Hillegas
Sign Your Deed Realty - Rome, GA
Every Seller Does It!

Basically we list the property based on the comps that support the value and go about 10% less, most banks and lenders want at least 80% of fair market value.  If the house is in disrepair get estimates and then do "As is" market analysis and price it for someone to buy it as is and give the lender a list of all repairs and pictures........

Apr 06, 2008 01:13 PM