Home Buyers - Making Offers On "Short Sales"

[AmericanCritiquer]

Nice and concise!

Is the MLS listing price what the bank is actually asking for the property on a short sale?

[MadisonPremiere]

@AmericanCritiquer Thanks for the post. To answer your question... it depends. The listing price in MLS is set by the listing agent. If it is a new short sale listing, the agent usually lists under market value to get initial interest in the property. Once an offer is submitted to the lender, they will get a Broker Price Opinion (BPO) to determine the current market value of the property. Once they have that, they can accept or counter the offer.

[meazi01]

Can I ask u question?

[MadisonPremiere]

@meazi01 Fell free to ask questions. 

[DRAMATICENTRANCE]

Finally someone speaks in a way that I fully understand and not this realtor mumble jumble with terms I never heard of before. Thank you for sharing this information. It was very helpful.

[ekbusinessmom]

Great info! Helped alot!

[meazi01]

Nice video

[TyroneLiggians1]

Great Information! Thanks for sharing.

[0001samson]

Nicely put  Girl !

[BrankaDoych]

Well said. Thank you for sharing.

[mrhowardb]

GREAT video girl....Clear, concise, direct, idiot proof....

Thank you for posting..

[payrentonline1]

This is great information for people. Thanks for your time!

[misterSAMZ]

Great info. Thank you for your time!

[MzLewisBeauty]

thank you for this video it was very helpful

[moniphillips]

Thanks. I really liked it!

[WannaTalkMoney]

Good Info

[doug7164800]

excellent explanation of the short sale process