Has anyone dealt with buying a home listed as Short Sale? I know what it is, just wondering how much trouble it actually was. If the price of the home is $50k less than tax value, should you offer the asking price or less?
Short sales can be frustrating depending on your situation. They typically require lots of patience and understanding. As far as an offer, there may be other offers on the table already, that knowledge and comparing local home sales could help you determine what you feel comfortable offering. It also depends on how badly you want the property. Tax value does not typically play a part in a homes actual market value, so I would not use that as consideration. I would be happy to help in any way I can Good Luck!
Thanks. It's hard to make a determination as to how much to offer since the previous tenants stripped as much as they could get (appliances, cabinets, etc.)
