What do you think is the possibility of the bank accepting my offer?


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I wrote an offer on a short sale today, 150,020 the asking price is 150,000, they owe like 190,000 on it, the house is NO WAY worth it in today market, but probably a little more than 150,000, My offer is in cash? it's bank of america that holds the loan. But, My realtor doesn't think that...


Answer (3):

spoiledbratofnc

billy look if you have 150,000 cash i know one thing please take a trip to wilkesboro nc, 28697 i know you may think i'm crazy but the housing market here is amazing a home that sells anywhere else for 500,000 will sell for 180,000 and that's with 25 acres of land and the home was built in 2008 its a 6 bedroom 4 bath with 3 dens, that's just one of at least 50 homes if relocation is an option then this is the place, we are located in the mountains where the air is nice and the people are nicer, i'm not a real estate broker but i have been looking for a home here myself and the homes are so amazing, and the market prices are incredibly low! If you need help or have questions send them to me at [[email protected]] like i said i'm not a broker or real estate agent i've just live here for 12 years and know the value of this town!

linkus86

The bank has not idea what the RE agent is doing, it is the FMV that is important here, not list price.

But if the FMV is 166ish I think they will take 150k cash, no contigencies.

betotron

you just bought a roof leak perpetual
i hope it do not rain on your parade