A lot more goes into the the short sale process besides price. As previous answers have replied-just because it is listed at a certain price does not mean that the lender will accept/approve the short sale. Many questions should be answered prior to entering into agreements on a short sale, such as how many lenders are involved? How far into the process is the seller? Have they completed a short sale packet showing hardship, finances, assets etc? Is there a negotiator handling the short sale? and many others. Hopefully, you have a buyer agent who has knowledge on handling short sales. No one can predict the time frame. I have had some of mine get approved in a few weeks and closing one that took 6 months! If you are counting on getting the tax credit, I wouldn't count on meeting the timeline with a short sale. Good luck! If you need any assistance call or email me. I'll be happy to help.
Coldwell Banker Residential Brokerage