Scott and I have written alot of offers on short sales, few of them result in a happy ending….. HOWEVER, I’ve had 3 of them break loose in the last 4 weeks. What exactly does that mean? It means that you can write an offer on a short sale and with some patience you have a better than 25% chance of getting the home! (with a reasonable offer of course).
SHORT SALE CASE ONE: We wrote an offer several months ago, there was already one at the bank and two in back up. The bank finally came back with a pre-approved amount and all offers before ours had either found another home and never withdrew their offer (until now) or had changed their mind.. leaving us in first position. So far we are moving forward fluently!
SHORT SALE CASE TWO: We wrote an offer on two different units in the same townhome complex…. one looked like it was going somewhere- could be promising and about a month later the other unit got it’s approval! In this case there is a 3rd party mitigation that brought this was out of darkness; we expect to close in a week!
SHORT SALE CASE THREE: … well, it hasn’t happened quite yet… BUT THERE IS SIGNS OF LIFE on another one I have submitted! Stay posted for this amazing breakthrough!
For more info on short sales click here -Kristie McD.
Tags: Short Sales