Roxanne Kasperson

I use afffliated information resources.
It checks all of that and rental history.

its 35 dollars and the renter pays it. - Sun Jun 29 2008, 21:38

The question you pose makes me smile...not because its funny, but because real estate has become such a weird place. Our market is so funny isn't it?
Its the same thing I have tried to explain to some folks...Even if a home has a particular "value," the "fair market sales price" will rise and fall depending on trendiness, competition and inventory vs. availability. Say my home is worth 550K and I know this...because of the volume of listed homes, many of which being sold as "distressed," if I had to sell now it would have to be listed at a lower price...the value is more factual and the sales price right now seems to be more in the abstract...falling a little day by day. list price and sales price are so different for a few reasons all pretty much based on the scenario above. Everyone is looking for a good deal if they don't get the good deal the house won't sell..so if there are 2 homes 1 50k less, the lower one will sell and likely at an even lower price than that (probably closing cost too), driving down the median sales price. Meanwhile the home at the higher price stays listed and provides other agents with a basis to over price more homes... =)
If you're selling your home its the "solds" that matter.
Hope this helps. - Sun Jun 29 2008, 21:31

You might try creative financing. Offer a lease option with money down. that way you get a little money at first than they pay what your mortgage until they can afford to buy within a 2 year period. that way at least they will take care of the home like its their own and you can claim 80% of the lease as income. or sometimes a wrap around mortgage will work.
most houses that are selling are selling because they undercut the market by 10-15%
If you can't afford to do so and can still afford to pay your payments yes don't do the short sale, if you aren't able to continue with making payments it is definetely a better option than repo.
Good luck. - Sun Jun 29 2008, 21:11