The owner should sign the contract quickly then put it under SHOW or DEPOSIT status and set it to the bank with their Short Sale Package to get the bank to accept the net balance as the amount to pay the loan in full.
You have to use your best judgment about the area, sales prices, actual market value, list price, condition, repairs, and competition. For me it all boils down to a formula using what the After Repair Value is worth. If my figure is less than asking than I offer less, if it is asking or above I estimate the competition and offer asking or above.
Probably something in the range of $300-350k, but it all depends on your sqft, specific location and condition.Click Here for the comps. (Orange, 3 bed, 2 bath, Ranch)If you would like something more specific, I can come see your property in person.
when I look up sales on the MLS some units are listed at 'O-10 Saint Marc', '4-O Stain Marc', '0-17 Saint Marc' .. so it might be confusing to Zillows system when it try's to decipher the address.
Is it unethical for a SS agent to tell clients the amount of offers received?
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