1st place can be the best position for making an offer on a short saleBeing the 1st offer in on a short sale does have some advantages, but it also comes with disadvantages. In Colorado, you can write the contract as such so that neither you the buyer nor the seller can back out of the agreement, and this means if your offer is the first in, it's the one sent to the bank to work with (provided they agree to doing a short sale). Many people use this to their advantage if they either have cash, or are not in a rush to get a home. One of the biggest downfalls of being in 1st position is that you don't know what the wait time will be for an answer. This can tie up your ability to buy, and you might miss out on other homes. The biggest advantage is that your offer is the one that the bank is working with. As long as you aren't completely unrealistic, many times the bank will counter and you can see where they stand, what numbers they are shooting for. This can give you an advantage, and if you don't like what you see just move on to the next home.May 05 2011 - Northeast Colorado Springs11YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.