General Real Estate Investing
Market News & Data
General Info
Real Estate Strategies
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/hospitable-deef083b895516ce26951b0ca48cf8f170861d742d4a4cb6cf5d19396b5eaac6.png)
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/equity_trust-2bcce80d03411a9e99a3cbcf4201c034562e18a3fc6eecd3fd22ecd5350c3aa5.avif)
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/equity_1031_exchange-96bbcda3f8ad2d724c0ac759709c7e295979badd52e428240d6eaad5c8eff385.avif)
Real Estate Classifieds
Reviews & Feedback
Updated almost 7 years ago on . Most recent reply
![Ranjit Wasu's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/388089/1621448389-avatar-rw1978.jpg?twic=v1/output=image/cover=128x128&v=2)
Short Sale 101 - some tips. strategies and advice please
Hey all,
I wanted to ask for some more tips and strategies on Short sales and how to best approach them. Is there a way of tackling these to ensure that a good deal is agreed to.
I have seen one not too far from my town on zillow - and I understand that its a negotiation with the bank and the seller, but how could one be creative about such deals:
Is it something that one could consider a percentage offering of the requested price, minus the potential rehab work required. It needs a some work:
- new kitchen
- aesthetics to bathrooms
- new paint job
** There could be more to it, but what i am getting at is how could one get this under contract at a fair price to either whole sale or fix and flip?
1. Could seller financing be offered to the seller in order to get it to a point where i could fix it and flip it and he can take the proceeds from there?
2. Get it under contract at a price agreed (by the bank)? and whole sale it? or as its a shortsale, will the seller not be in a position to sign a contract?
3. Subject to? - i need to understand more of this concept?
4. **Any other ideas would be appreciated.**