Hello, did you get your offer accepted by the seller yet? If you have a fully executed offer, the listing agent/negotiator has to get it to the short sale lender for review. The negotiator/listing agent must request the short sale lender to do an appraisal on the property to get the current value. Once the valuation is in, short sale lender will determine if your offer is in line with the value they have or if its acceptable to present to the investor. Most likely, if you're coming in at a low price, ask the listing agent if they have comps to support their listing price and/or if they have a list of repairs needed to be done and a quote for the price to pay in order for you to have a rebuttal in case the short sale lender rejects your offer. Most of the time it boils down how the listing agent or negotiator handles the negotiations. You may ask for a variance review and present your comps and repairs quote to justify your offer. Short sale lender will counter you back saying how much they want - you can accept it and raise your offer OR you can negotiate coming back how much your highest and best offer is.
