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The Lee_Team

Zillow Local Expert in:

  • 98332
  • 98335
  • Gig Harbor

The Local Expert badge is awarded to those who have made valuable contributions in a specific city or neighborhood on Zillow. Local Experts are active Zillow users who share their real estate knowledge and help others by contributing high-quality content at a local level. The more and better the contributions a user makes that relate to that city or neighborhood, the more likely an award will be granted. Users' contributions can be seen in their profiles.

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Premier Agent

Residential Real Estate Specialist (26 years experience)

27 Recent Sales (last 12 months)

Specialties:
Buyer's Agent,
Listing Agent,
Relocation,
Staging

Advice

  • (4 Contributions,
  • 0 Best Answers,
  • 0 Helpful)

Contributions are sorted newest to oldest.

What does a buyer need to know about negotiating a short sale?

Answer

There have been many good points made, but kep in mind:The bank will evaluate the market value of the property using their own methods (usually a BPO, or Broker's Price Opinion).  Sometimes short sale properties are listed artificially low, which can be disappointing for buyers when the bank comes back with a much higher counter offer after months of waiting.Hire a good agent to represent you who has experience with short sales, and will do the homework to see how feasible the short sale is.Good luck!

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