Real Estate Short Sale Offers

The first real estate short sale offer is rarely accepted by the bank. Most of the time, multiple real estate short sale offers have to be submitted. But, all real estate short sale offers have purposes and they are all different. In each real estate short sale offer, you are not merely repeating what you have already put on the table in your previous real estate short sale offer.

Three Real Estate Short Sale Offers Three real estate short sale offers is common when doing a short sale with a financial institution. Below are the three Real Estate Short Sale Offers.

The first real estate short sale offer

The first real estate short sale offer will focus on the homeowners, their troubled financial situations, the distressed real estate property and the overall hardship financial situation that the homeowners are in. To end with, your first real estate short sale offer will be the lowest because the bank is bound to come back with a counter offer. However, don't make the real estate short sale offer too low or the bank wouldn't think you are serious about your short sale offer. In reply to your first offer, the bank is likely to make a counter offer or reject it.

The second real estate short sale offer

The second real estate short sale offer will focus on the neighborhood that the real estate property is in. The more distressed you can prove to the bank, the better your chance of the bank accepting your real estate short sale offer. Crime stat, job losses data, natural disasters or whatever else that would bring down the value of homes in that neighborhood should be included. With this hardship letter, you should include your second real estate short sale offer that is closer to the bank's counter offer.

The third real estate short sale offer

This is your third and final real estate short sale offer. The amount offered will be the highest that you can accept. In this final hardship letter, you will focus on the financial loss to the bank if the bank rejects the real estate short sale proposal. You should break down all the numbers in steps so that it is clear to the bank and loss mitigation offers. You can outline in detail the time frame that the bank will face if this property goes to foreclosure or if the homeowner files bankruptcy.