There are several factors in determing the price of the home. Comparables in the neighborhood, the average number of days properties are staying on the market, overall condition of the property, and supply and demand. As a realtor in my market I am able to run a report which shows the quarter to quarter comparison of prices in my area . You might want to contact a local realtor in your area and see if they are willing to provide you a report like this. The statistics for these reports are generated off of the local multiple listing service so it should provide fairly accurate information specific to your area.
Team Good & Miller
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Your clients have decided not to move forward? So they are going to do what? Just curious to read your post. Normally for a lender to agree to a short sale there is hardship and the sellers are supposed to be insolvent. So asking a seller to sign a promissory note, usually unsecured and interest free, is one option. It does offer a way for sellers to rebuild their credit.
I am curious to see what posts you receive from anyone having info about B of A short sales too.... more