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Updated over 5 years ago on . Most recent reply

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18
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5
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Christine Stefchak
  • Realtor
  • Allentown, PA
5
Votes |
18
Posts

Creating an invoice for a short sale? Looking for experience

Christine Stefchak
  • Realtor
  • Allentown, PA
Posted

I have the opportunity to put an offer in on a short sale property.  The listing agent told me to include an invoice form of repairs with my offer under asking.  Would anyone be willing to share an example of this with me?  How detailed should the invoice be?  What is lender looking to see exactly? I want to offer 77% of asking price so there is quite a bit of deficit to make up.  

Would I include things like cost of carpets and kitchen cabinets? Or just "repairs" like new deck needed because wood on old one has rotten/cracked.  

Most Popular Reply

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1,341
Posts
588
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Minna Reid
  • Real Estate Broker
  • Jacksonville FL & Middletown CT
588
Votes |
1,341
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Minna Reid
  • Real Estate Broker
  • Jacksonville FL & Middletown CT
Replied

Invoice? I think you mean a contractors estimate. Go get a local contractor to give you a repair quote on whatever the house needs. 

“Asking price” means nothing. Only the lenders appraised value does. You’re not getting it done for 77% of that number. 

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