Who prices a short sale listing?
Your Short Sale REALTOR
Will the bank give a listing price?
Nope. 95% of the time, the bank request we submit an offer. Very very rarely, we encounter a pre-approved list price through a seller who has an FHA loan or sometimes through Bank of America's short sale cooperative program. However, even then it's dicey to say the least.
Making it as difficult as possible to price, sell, get short sale bank approved, then buyer's bank approval of price for closing, there are several prices that seem to always come up:
- Property Appraiser's Market Value: I've found these numbers to be very high and very low. However, they do have an algorithm producing this market value.
- Zillow: Ahh Zillow, the