Easiest and simpliest answer is to counter the offer with a higher price. Best answer would be to consult with a local Real Estate agent in person to better service all of your questions and needs. In the end, it is your decision to sell your home and you can accept, reject, or counter any offer that comes to the table.
I agree with Andrea, if you don't have any hardship in making your monthly mortgage payments, your lender will most likely never approve a short sale.
Hope these answers all help and best regards,
L.W. Reedy Real Estate
Reduce the home price and try to do a short sale. Sounds like you have an good hardship case, to begin with. It will take some time, persistance and patience. It may be your only way out unless you have the money to bring to the table for the difference of what you owe. Have you investigated anything with your lender or asked for their Short Sale Package? We sometimes us a 3rd party to act on behalf of the Realtor and Seller. They charge a fee which is usually paid by the Lender. Good Luck!
Jim Soda 941-809-7759
Prudential Palms Realty
Sarasota-Lakewood Ranch-Longboat Key... more
Is this something you want to sell or something you want to buy? Since you are identified as a home seller, I will assume the former. There are many different house values.
The market value of your home is what the market is willing to pay for it and that will be affected by the number of competing properties. If there are many similar properties, the market value of your home tends to go down because customers have many choices. The replacement value of your home is what it would cost you to rebuild the house. Unfortunately, there are properties right now whose replacement value is much higher that their market value. The appraised valkue of your home is what an appraiser would tell you your house is worth after looking at comparables, market conditions, condition of house,... The assessed value of your home is what the tax people will use to determine your property taxes.... more