Note, however, that with a short sale, the bank has determined a net amount they expect to receive. Don't fight the bank over the $350,000 just because you feel as though you should get it lower than the asking price.
Millie C Lumpkin, CDPE, SFR
Keller Williams Preferred Realty
Orland Park IL
If you stick to $330 you will probably miss it.
What was the result of your Realtor's CMA?
Understand that a $350 Market Value is taking into consideration all the distressed homes that have sold for the last few years, (the ripple effect is still with us.)
5-10 years from now, will you kick yourself, or congratulate yourself, for paying $350?
It depends how badly you want the house. Since you know it appraised at $350,000 and that's what the bank countered at, if you stick to the $330,000, they may not accept. (Especially if they know it appraised at $350,000). They may just move on to another buyer.