Short Sales Getting Bigger Discounts

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Title Insurance

It looks like short sales are starting to get bigger discounts than bank owned properties.  This seems to be what I am seeing as well.  Most bank owned homes are priced well and have multiple offers within a few days on the market.  Short sales, on the other hand, require a buyer to wait for their offer to be approved a few months after they submit it to the seller.  In the mean time, they don't know whether the bank will accept their offer or counter with a revised price or terms.  If a buyer is willing to go through that ridiculous process, there is an opportunity for a larger discount on price.   http://bit.ly/IQoPbv

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Tags:
real estate
reo
bank owned
investment property
market news
foreclosure
short sale

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Rainmaker
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Jeremy Branson

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