Yes, a seller can accept or reject any offer and until the bank owns the home, it's the current home owner’s choice. I will go even further; a seller should reject an arbitrarily low offer on a short sale. Once an offer is submitted, in most places the status on your MLS will probably change and showings will come to a halt. Effectively taking a house off the market at a price the lender will likely reject is not a recommended strategy.
My suggestion is that if you are interested in buying a short sale, you should get a good deal to be willing to wait for an undetermined amount of time. However, to increase your odds of success, your offer should be at or very near at a price the bank will say yes to. How much below fair market value will depend on your area, the lender and how badly you want the house. Your local agent will be key to advising you on this.... more
“Commackian” – an individual well versed in Commack real estate. I am proud to introduce to you Arthur Hasher. Arthur is a local real estate agent with Exit Realty Achieve, who holds expertise
How does the home owner feel? (edit/delete) Despite the difficulties being shouted from the rooftops,a great majority of homeowners are happy to be homeowners. They realize the value of the long term
In a listing agent, we look for an agent who can actively engage the maximum amount of realtors in the MLS to show and sell the home.
Rarely do we find or expect the listing agent to sell the homes.
We do expect them to generate volume of showings and monitor response from his fellow realtors.... more