short sale situation, would like feedback asap.

[Mikey Kay]

Here are the numbers and the situation.

House is for sale. It is listed at 325k on mls, but after talking to the agent who is has the listing he said they will settle on getting the house sold since they already purchased a new place.

someone just put in a bid for 225 and he said if I bid 230 I would have a shot. I am thinking of putting it right back on the market for 300k.

It was appraised at 360k but everything in the area in the last year sold for around 310-315ish.

I am trying to not get a mortgage and just go to some private investors so that we can sit on it. Or at the very least get as much private money and then take out a small mortgage (which mortgage would be best?)

How does this deal sound?

My agent told me to put in a bid, whats the worse that can happen?

The house only needs to be painted on the inside and is pretty much in great condition.

feed back is appreciated!!!