Posted on: 03rd Apr, 2013 01:06 am
I found a short sale home listed for $400k but recently it’s price dropped to $300k and it’s a short sale home I offered exactly what they were asking $300k in cash do you think they will accept or is the offer too good to be true?
Hi Guest,
In order to sell off the property, the prices are being lowered. So, there is nothing surprising that the price has dropped from $400k to $300k. You can speak to the lender, check out the deal and clarify all the doubts before you sign on the dotted lines.
Take care.
In order to sell off the property, the prices are being lowered. So, there is nothing surprising that the price has dropped from $400k to $300k. You can speak to the lender, check out the deal and clarify all the doubts before you sign on the dotted lines.
Take care.
You can consult a reliable local real estate broker to find out more facts about the property and its seller.
Don' just take anything for granted. Do thorough research before getting into anything. Seek expert opinion if required.
It doesnt matter what price they have on for sale. banks look for Market price at the end. My current house was listed for 499 in shortsale. lower price is just to attract more bids. and I ended up buying it for 685.