short sale max offer

Foreclosures, Short Sales, Tax Foreclosures
1

What is max price you can offer on short sale deal.What numbers are you guys use to make an offer?

2

That anser depends on your exit… My number is 50% of worth value…

3

Let say the house is worth $250.000 and the mortgage is $300.000.You want to do SS and sell for profit. How much is your max offer?

4

It totally depends on a few things:

  1. How much are you planning on making? The less you make the more the bank makes=better chance of acceptance. (dont be greedy)
  2. What is the FMV of the property ‘AS IS’ and after rehab?
  3. Who’s the bank foreclosing?
  4. What is your plan with the property should you get it.

There is no magic number or percentage when making short sale offers. Every property will be different and have its own challenges and special circumstances.

GooD Luck! :beer

5

Kris,

The “Max” offer is different for every investor. I have a Short Sale Offer calculator at my website that is free to use if you’d like to play with the numbers. The calculator asks you to supply some figures such as Rehabber profit, Wholsale profit, rehab costs, ARV, cost of money, holding time, etc… The intent of this calculator is to determine the maximum offer and then back off that number and generate to lower short sale offers.

Once again, it’s not magical and every investor will have there own max offer.

I hope it’s helpful. Have fun.

6

Thanks guys for replay.I do not have any SS deal.I read the forum and ask to learn as much as possible.This is great forum.Thanks again.Kris.