Short Sale Price | Real Estate Short Sale

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Will a short sale go for the listed price?

August 22nd, 2009

I have a real estate question about short sales. If you know anything about investing in real estate, please read this.

I found this really nice 3355 sf house in Arizona, 5 bed, 3 bath and it is listed for $299,000 as a short sale. A real estate person told my mom that short sales never go for the low price, and that they always sell for more.

So my question is, can you get a short sale house for the listed price?

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Posted in Short Sale Questions |

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What does this statement for short sale mean in real estate ad?

July 26th, 2009

It says “Short sale with written approval for this price”. I’m familiar with what a short sale is but wondered why they added “with written approval for this price”.

Also in this situation does the bank take bids like a regular house or does the buyer need to bid for the actual price listed?

Also, if I bid the full asking price can anyone tell me how long it takes to get approval and a contract?

Posted in Short Sale Questions |