Please email me directly, there are some strategies that your agent & the listing agent need to follow to get this done. You don't need to give me a property address or anything.
I don't look back on this same Trulia posting for answers after mine.
Emily S. Knell
Realtor Since 1996
Realty ONE Group
Short Sale Listing Agent
First, the banks will not order a BPO until the seller proves hardship and the bank is willing to move ahead with the short sale. The seller may be trying to do a loan modification in which case the short sale will not move ahead until that process has been resolved. With regards to the price, as long as you have your inspection and loan contigencies in place you should be able to get out of the deal, if needed. If the short sale moves forward you will need to decide rather or not you want to spend the money on the appraisal and home inspection knowing that your offer is over market. Prices have moved up over the last 2 months and you will have to moniter the situation. The fact that the seller cannot net any money out of the transaction they may be willing to lower the price to the appraised amount. I would have your agent inquire. Hope that helps.
I would never ever recommend a buyer purchase without an appraisal contingency..I know lots of agents are doing that right now...but its a disservice to buyers.