Im working with a lady who has had her property on the market since Oct 07 and she has not recieved a offer. She’s 3 months behind and wants out… She owes 112k, the homes needs about 10k in repairs and ARV is 140k. Based on these numbers is a short sale possible?? If so how much should I offer???
no more than 65k
Mike is about right. Be sure that you are embarrassed by your initial offer. If you do not feel a little embarrassed the offer was probably too high.
You ask if a short sale is possible. Keep in mind that a short sale is always possible and what Michael and Marketingmaster have added is right on. Good luck! Keep us posted.
thanks for the help i’ll definitely keep u posted…