Comments on: We made a full offer on a short sale home in southeastern michigan. How likely is it to be accepted?

By: Gary Smith, Realtor®

Gary Smith, Realtor® — Thu, 29 Oct 2009 14:06:59 +0000

These are all questions you should have asked your Buyer's Agent BEFORE submitting your offer. Ask your agent for details.
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By: realtor.sailor

realtor.sailor — Thu, 29 Oct 2009 13:42:59 +0000

Mortgagees (lenders) are slow to respond to offers because they hope to get a better one. While you offered full price that doesn’t guarantee you will get the home. The mortgagee will consider contract conditions. For example if your offer was subject to financing and the mortgagee receives a cash offer, they might accept the latter, even if the offered price were less.

realtor.sailor
References :
I’m a Realtor

By: Obviousman

Obviousman — Thu, 29 Oct 2009 13:12:59 +0000

The listing price on a short sale home is usually agreed upon by the bank and the listing realtor.

Don’t you have a buyer’s agent? These are questions that should be answered by your agent!
References :