http://www.zillow.com/advice-thread/making-an-offer-on-a-short-sale-property/199218/ Zillow Advice | Zillow Real Estate http://www.zillow.com/advice-thread/making-an-offer-on-a-short-sale-property/199218/ Hiya Happy!<br/><br/>The offer you put together will be dependent of several data points including market value, time on market, how many <a href="http://www.zillow.com/mortgage/">mortgages</a>, is their PMI.&nbsp; <br/><br/>The sellers usually get approval from the bank to offer at a certain price that is arrived at a in a few differnt ways.&nbsp; Short sales are priced all over the place, see the post on my blog on the subject.<br/><br/>I would have your agent do a CMA on the property to determine it's value and then place an offer than makes sense to you and the market price.<br/><br/>If you are interested in learning how to speed up a short sale there is another post on&nbsp;that too.&nbsp;<br/><br/>Good luck with the property in question and let us know how it goes!<br/><br/>:) PS Sat, 14 Feb 2009 04:36:00 GMT http://www.zillow.com/advice-thread/making-an-offer-on-a-short-sale-property/199218/ 2009-02-14T04:36:00Z