Real Estate Marketing - Taxes on Short Sale, Loan Modification and Foreclosure - Part 5

[REMarketingThisWeek]

If it truly is a short sale, and it is listed by a real estate agent, I'd offer less than the $49k. In a short sale the bank is working with the home owner and the real estate agent to sell the house in a reasonable amount of time on market. Generally they are priced near what the bank believes is the fair market value. I'd make an offer quickly and see what the bank does. Be aware when dealing with short sales and banks that it may take a very long time to close escrow.

[demolitionbarbiedoll]

Dude! Just a simple question, I came upon a home in Florida that originally went on the market for $149,000.00, now its at short sale for $49,000.00 - what is the guidelines is far as value when making an offer m- would it be smart to ffer 60,000? or more? So you make sure you get the home - or offer lets say, 50,000? Or less?