A 199,900 short sale,needs work on everything,I offer 155,000,they want 193,500. any advice.?

Asked by Penny, 10704 Sun Jun 15, 2008

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Drew Hitt, , Virginia Beach, VA
Sun Jun 15, 2008
Counter at $155,000 if that's your best offer. If they still say no, walk away and move onto the next. You need some sort of motivation for someone to accept a lower price. If it isn't there, 9 times out of 10 you aren't going to make it there unless you are very very good at sales. I'd say, NEXT!
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Michael Cepa…, Agent, Tampa, FL
Sun Jun 15, 2008
What does your Realtor determine it is worth from all the comps in the neighborhood? Is $199900 Fair Market Value, or is $275k FMV. It really all depends on what FMV is. Do you have an estimate on repairs?
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