why has the price been reduced by 20,000?

Asked by Christine, Marblehead, MA Sat Feb 13, 2010

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This question is about this property: http://www.trulia.com/property/photos/1093441775-55-Essex-St…

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Heidi Zizza, Agent, Framingham, MA
Sat Feb 13, 2010
When you see that you know they need/want an offer. If yo would like to see it call me.
Heidi Zizza
mdmrealty
508-879-8999
Web Reference:  http://www.mdmrealtyinc.com
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Michael Giles, Agent, Beverly, MA
Sat Feb 13, 2010
Hi Christine,
This is a short sale and because time is crucial to the process, the agent needs to be a little more aggresive with the pricing. In this case it worked because there is an accepted offer on it. From the listing infomation, I think you would have a hard time getting FHA financing for this home because the heating system isn't opportational. That limits the potential buyer pool even more.
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