All Brick and cover Patio in back. Storage in garage.Please call for appointment. Charles Smith with Coldwell BANKER BROWN 618-531-7032 listing agent.
I really wish we could have a serious short sale finish through completely but just seem to have quite the bad luck.
Right now I am attempting to pursue a deed in lieu simply because the process has taken so long and this is extremly stressfull we were APPROVED to sale the property JUNE 2012 by all parties involved at 54K.
Then I guess the lady changed her mind which is all and fine I guess considering that it was not her credit rating and family she was toying with.
I understand things come up but we have been through about 20 short sales and have gotten no where fast. We listed the house 4 years ago September 2012 and I can attest to that.
The bank does not own the house and this property has not been foreclosed upon.
Please by all means get your facts straight because people looking this up could see this and this could ruin our credibility.
Since many banks won't do anything with a short sale until they get an offer, this is often a tool some agents mistakenly use to get a quick offer. They don't go wild, but they do usually price a little under market. Even on short sales, banks want close to market, so this just sets up the buyer and the seller for failure. The buyer waits months and the bank won't approve it. Waste of everyone's time and effort.
They will likely not take that much less, but you can put in an offer.
Understand that the LISTING PRICE has one primary objective, to attract attention: It is not intended to be set in stone, and in many cases it is not even a good guideline toward the SELLING PRICE.
Some Sellers believe that by setting the LISTING PRICE high, they can always come down, and people will make an offer anyway: WRONG! Buyers will just bypass the property and look at houses that are within their price range. And six months from now, the Seller will slowly start lowering the PRICE, (this is called â€œchasing the curveâ€) and Buyers will be asking the question; â€œWhatâ€™s wrong with that house?â€ and â€œWhy has it been on the Market so long?â€
Other Sellers set the LISTING PRICE low, to attract multiple offers. (The correct strategy.) We are asked; â€œArenâ€™t you obligated to sell at this price if someone offers it?â€ The answer is probably not; for that to happen, you would first have to have only one offer, and secondly, the offer would have be exactly the same, down to the smallest detail, (please discuss this with your Realtor).
Another thought; Buyer will search for potential properties by groups; for example, $400,000 to $450,000, and $250,000 to $300,000. If your house is priced at $460,000 or $310,000, the Buyers will never see it. (something else to discuss with your Agent.)
Different Banks have different philosophies about pricing their properties: You cannot draw any conclusions without a good analysis.
Have your Realtor do a CMA, (Comparative Market Analysis) to help you determine your Offering Price. It is the surest way to determine the Market Value of the property.