Short Sale Offers

Short sale offers are often much below real estate property' s market value. Short sale offers are also at a price which is less than what the homeowner owes the bank. Some short sale experts make multiple short sale offers, but some successful short sale real estate investors only make one short sale offer. When real estate investors are trying to short sale the bank, they can either make multiple short sale offers to the bank or make one short sale offer and then haggle with the bank on the short sale.

Multiple short sale offers

There is no limit to how many short sale offers a real estate investor can make to the bank. Sometimes, the more short sale offers the real estate investor makes to the bank, the more successful the short sale is. If only one short sale offer is made, a long haggle process may follow which leads to a less successful short sale which can also take longer. When short sales are taking place over a long period of time, the bank doesn't like it, the real estate investor does not like it and no one benefits from it.

When a real estate investor makes multiple short sale offers to the bank, it is wise to make the multiple short sale offers different. Each short sale offer should have something new to offer to the bank in the short sale process. Each new short sale offer should offer new information or evidence, along with a new short sale offer price.

The first short sale offer - how much below market value should my short sale offer be?

The first short sale offer should be the lowest percentage off the real estate property' s market that you can get away with. If your real estate short sale offer is too low, then the bank may not take you seriously and will reject your real estate short sale offer immediately. Then, what is a good short sale starting offer?

What is a good starting real estate short sale offer?

A good starting short sale offer is about 40% off the retail value of the real estate property. Most of the time, the bank will not accept the first real estate short sale offer. If the bank does accepts the first short sale offering price that a real estate investor makes, then the real estate investor is paying too much. Therefore, it is best to start with a low short sale price since you can always increase your short sale price. However, if the real estate investor offers too much to the bank and the bank accepts it, the real estate investor will feel bad about the deal.