Foreclosure property pricing is pretty straightforward. The bank-owner sets the list price, and agrees to sell for that price. If the bank-owner receives a full-price offer, the buyer can be pretty confident his offer will be accepted.
Not so for short sales.
I’ve written about short sales in the past; properties offered for sale at prices lower [...]
The fallacy of short sale price reductions
Foreclosure property pricing is pretty straightforward. The bank-owner sets the list price, and agrees to sell for that price. If the bank-owner receives a full-price offer, the buyer can be pretty confident his offer will be accepted.
Not so for short sales.
I’ve written about short sales in the past; properties offered for sale at prices lower [...]
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