Discount to MLS list price

[Justin Silverio]

For those who are purchasing off the MLS, how much of a discount to the list price are you generally picking up properties for? Also include the type of property - short sales, bank-owned, etc.

Most short sales and bank owned in my area are selling for 88-95% of list price due to competition from OO's.

[John S.]

I find list prices are often inaccurate and not strongly correlated to the value of property in my area. I've seen property go for 15% of list and have personally bought between X>100% and 50% of list in the last couple years. That is, when I can't snatch off market deals

Working the numbers should unlock the true value of the RE.