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Updated almost 13 years ago on . Most recent reply

Jawad S.'s profile image
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Jawad S.
  • Rehabber
  • from Fremont, California
  • Member since Sep 19, 2011
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Jawad S.
  • Rehabber
  • from Fremont, California
  • Member since Sep 19, 2011
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Jawad S.
  • Rehabber
  • Fremont, CA
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Foreclosures

LISTING PRICE

Jawad S.
  • Rehabber
  • Fremont, CA
Posted

Hello Everyone,

I wanted to know how much the listing price matters on a short sale? I try to buy short sales for cheap and flip them.

Will I have a better chance at buying a property I want for $300k if the list price was at $330k instead of $400k? Or does the list price have ZERO significance?????

Thank YOU!

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Joel Owens
  • Real Estate Broker
  • Canton, GA
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Joel Owens
  • Real Estate Broker
  • Canton, GA
ModeratorReplied

Short sale is subject to all lien holders approval and short payout amounts each lien gets.

List price is what the seller has agree to sell for but the bank is taking the loss so it doesn't really matter that much.

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