Essentially a Short Sale Listing is like any other home for sale on the market, with one significant difference. It’s a lot less expensive.
See we are directly negotiating with the bank to take less than they are owed. The average foreclosure costs the bank from $40K to $100K or more. Add to that the cost of selling the home, holding on to the home and other expenses, the banks are ready to get rid of the property.
Anyone who’s tried to call the bank knows that the short sale process is a tough one. That’s why we call in the big guns at ShortSaleBuyers.com. They come in and strong arm the bank to allow us time to sell the property at a price that is far below market.
The first one to make an offer on these great homes for sale usually gets them. However, they start off at market value to prove to the bank that they can’t sell at that price.
So what is a short sale listing? A home that’s severely discounted. A home that, when you purchase it helps someone else.
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