salt Lake City, UTAH – Some buyers will think that since your house is a short sale, then they can make any lowball offer.Many sellers get offended over their offers and turn them away. After going thru many short sales we have actually found that lowball offers are not necessarily a bad thing. Let me explain why.
Click here to discover how other sellers successfully did a short sale and avoided foreclosure.
So you get the advantage of getting a good deal. Now, I am sure you are asking, “Why are short sales a bargain?”
After you accept the buyer’s offer you have to wait for your lender to approve the short sale. This process can take from thirty to ninety days.
That gives the buyers lots of time to sell themselves on the house. They drive their friends past it. They drive their parents past it.
“That is the house we are trying to buy”, they tell them. “That’s a nice house. I think you are making a great decision”, their friends and family tell them.
The short sale lender will order an appraisal of the house. They will come back and say that they will not accept a sales price much lower than the appraised value.
We tell the buyers that the short sale lender has ordered and appraisal. The appraisal came back at X, and the lender won’t allow the property to sell for less.
At that point most buyers agree to pay the price. We have seen buyers agree to pay 5-10% more than they had originally offered.
We feel that it is because they had time to “sell” themselves on the house. What do you think? Let me know by commenting below.
Thinking about a short sale? I can help you short sale your property and get back on your feet. Send me an e-mail at ForsieCity@gmail.com. I will contact you for a free consultation.
When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at (801) 651-0707
Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.
Thinking about a loan modification? Our Bountiful loan modification kit has the instructions you will need to get a loan modification approved with your bank. Click here to request a copy.
Thanks for reading this, Dave Forsberg.
Dave is a Real Estate Agent at Presidio Utah Real Estate - Bountiful. Utah Short Sales Realtor:
Phone: (801) 651-0707. ForsieCity@gmail.com.
Greater Salt Lake Short Sales. Real Help for those that need it most.
Need to sell immediately, we buy homes no matter what condition they are in Call me at 801.651.0707 and we will discuss the details. Best part we close in 7 days or less.
David Forsberg specializes in loan modification assistance and short sales in Bountiful Utah. Bountiful Loan Modification Help, Bountiful Short Sales. Bountiful Short Sale Realtor Bountiful UT Short Sales. Bountiful Realtor. North Salt Lake Realtor, North Salt Lake Short Sales. Short Sales in North Salt Lake. Woods Cross Short Sales. Short Sales in Woods Cross. Woods Cross Realtor. Sunset Short Sales. Short Sales in Sunset. Sunset Realtor. Kaysville Short Sales. Kaysville Realtor. Short Sales in Kaysville. Salt Lake City Short Sales. Short Sales in Salt Lake City. Salt Lake City Realtor. Centerville Short Sales. Short Sales in Centerville. Centerville Realtor.
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