FriendshipProperties's Q&A

http://westfield.com/connecticutpost/

Indian Reservations?   Ledyard (Mystic) and Uncasville.

In a nutshell ..- Put home on market for Current Market Value.- Submit best offer to bank with 'Short Sale Package' (aka Proof of Hardship)- Bank sends out Appraiser or BPO Agent- If offer is with-in 85% of BPO, generally the short sale will be accepted. Lender sends a letter of payoff acceptance and requests a closing with-in 30 days.

If the BPO came in at $205k thats great news!  I would expect them to accept an offer up to $175k with that BPO value.Did the sellers agent say the Lender denied the short sale?

The CT MLS board automatically sends listings to Zillow. I'm in the West Haven area, feel free to contact me and I'll give you my opinion on what the house will SELL for.

Contact the listing agent.  If its not listed you should probably just wait until it is.

In most cases they already factored in those repairs to the price PLUS SOME.  Are you using comps and repair costs?

Comparable sales using MLS data.

Not really a logical question unless every house in danbury is ..- THE SAME EXACT HOUSE- IN THE SAME EXACT CONDITION- ON THE SAME EXACT LOT- IN THE SAME EXACT LOCATIONWhat does the median price even matter?  All that means is that houses ARE selling for MORE and LESS than $280k.Will $330k be a harder sell in Danbury b/c its over the median? .. maybe.  Does it mean its over priced? No.

I buy and sell Short Sales often with great success.  The most important thing is to make sure the sellers agent understands how to even do a short sale properly.  If the purchase offer falls with-in 85% or greater of the banks 'As Is in 30 days' BPO or Appraisal .. it has a very very good chance of being accepted.