With a short sale you are lucky if they agree to make any repairs if needed.
Sean Kelley GRI
Kelley Real Estate Group
There are many things that go into this equation. We would need to look at the property and run compriable properties. The bank will send out their appraiser to appraise the property as well. We would also need to look at the loan and see what this person paid for the home. Each bank works differently and we have worked short sales with many of the banks so we would need to find out what bank we are working with. Have there been any offers on this home? If so, what was the outcome? Did the bank do an appraisal already? Has the homeowner written their hardship letter yet and gotten their short sale package to the bank? These are some of the questions that need to be asked of the listing agent. As you can see there are many, many questions that need to be answered in order to be successful in purchasing a short sale.
To answer your question on how low your offer could be-we would really need to see the home you are thinking of offering on to give you an accurate opinion.
We live and work in North Port and would be happy to help you with this.
Roxanne Moore, Realtor 941-626-3926
Shannon Moore, Realtor-941-276-8142
North Port, FL
I would be happy to help you with the short sales, give me a call and we can get started! As a matter of fact I was just conducting a search today on the short sales in North Port. I look forward to hearing from you.
Keller Williams Realty
There are a good number of opportunities in your location and price range. However, our recommendation is to skip targeting a "Short Sale" and go after a "Foreclosure" property. With foreclosures, the bank all ready has taken the property and has sole responsibility of determining the destiny of the property. Short sale can tale forever because of a number of reasons including multiple claims on the property, bankrupcy, divorce etc. And the property is still in the hands of the owner BUT and sale falling short of the financed amount would require bank approval......There are soooo many nightmareish stories about "Short Sales" our advice is to avoid them.
Feel free to contact us for our North Port "Froeclosure" property list and additional information. We would be happy to help you.
The "Eckler Team"
Century 21Almar And Associates