Hi,
I'm currently involved in a short sale with a house the bank appraised at 330k. My offer was 300k, my realtor seems to believe the property will go for 315k. Im worried that my inital offer is too high, seeing that the bank appraisal came at 330k plus I have to give the owner 20k aside. Im thinking of getting out of this deal and getting into another.
Im really interested in another house which was recenlty listed at 400k, but I found out it was a short sale and that an offer already had been submitted. The realtor is required by the bank to list the property. The property was listed active for the past 3 days and now it says inactive. The estimated value of the house is around 640k and the owner owes around the same. What should I offer? If the property was listed at 400k by the realtor I was thinking of submitting an offer for the same, 400k? ANy advice appreciated
[ Edited by vizman on Date 04/09/2008 ]