Bryce Mead

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What should we offer on a short sale in Minneapolis? The house is listed at 130k, but sold in 2006 for

Asked Thu Apr 24 2008, 22:09 by J.d. - Minneapolis - Home Buying - 7 answers

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J.D.

With the recent activity in short sales and foreclosures, a new business has begun, "pre-negotiating short sales". There are people and actually companies that pre-negotiate a short sale and then list it for sale at that price or at a price that includes their fee.

As with any sale, you should do your homework. If the price is attractrive, you can make an offer. As far as getting it for even less, that depends of the nature of the deal. If the property has been negotiated down to the lowest level, this may be the best price that you can expect to get. It all depends on the situation. A "deal" isn't a "deal" unless you are able to get the property under the market value. We have seen that properties that either are in foreclosure or in a short sale situation sell for far less than a typical home for sale. - Wed May 7 2008, 22:31

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