Home Buyers - Making Offers On "Short Sales"
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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.
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Great info! Helped alot!
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Nice video
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Great Information! Thanks for sharing.
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Nicely put Girl !
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Well said. Thank you for sharing.
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Nice and concise!
Is the MLS listing price what the bank is actually asking for the property on a short sale?
AmericanCritiquer 1 month ago
@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.
MadisonPremiere 1 month ago
Can I ask u question?
meazi01 3 months ago
@meazi01 Fell free to ask questions.
MadisonPremiere 2 months ago