This is a "worst house in the best neighborhood" situation. Over the last year homes have sold in the mid-$500's and up. We wouldn't have been able to afford this neighborhood otherwise so it was worth the wait.
House definintely needs some TLC but we are up to it. Because of the school district we plan to be in this house for the next 15+ years... So we've got time.
Thanks for all the back and forth.
Wonder why I have only financed a couple of short sales in the last 20 years?
NMLS # 6395
Financing Kentucky One Home at a Time
stories. Personally I do not recommend then. There is sufficient market to not be bother with then. It works for me and my clients.
If they insist , after my explanations , I let them go for it. But have yet to see one going for one.
The Banks have no emotion, and you shouldn't either.
The KEY to negotiating is the willingness to walk away.
There are other houses out there.
The other side of the coin; what will you think about it 5 years from now?