Great answer Tom very helpful. Braulio have you ever thought about a shortsale???? They are just as good as a foreclosure... I'm sure Tom can help you I was just reading through and thought I commented about other options maybe even buying a business that can give you a residual income every month. WIsh you the best. Jeannette Batsikas... more
You really need to get with your agent on this one, and there are some great answers below.
There are so many factors to consider when dealing with short sales.
I don't feel there is any set % when making offers on short sales (JMO)
Remember, you could be competing with other buyers even on short sales, so you want to come up with the price you want to pay for the home regardless of a %. (JMO)
Remember, on a short sale, the bank is going to determine what price they are willing to "short" the home for and the asking price is a "starting point" usually based on recent comps and how the market is moving in that particular area.... more