Tucson Short Sales

Short Sales are around in the Tucson market at present as in many other parts of the Country.

It is good for a prospective Tucson Buyer to know if the short price is realistic or not. Many agents are putting a home into MLS here with a short price that makes the Buyer excited. However, you do have to forewarn them that the bank may not take the price and can counter considerably higher depending on the circimstances.

I have also seen agents list a home with an unrealistic short price to get multiple offers on the property.

Is this false advertising, as the bank realistically will not take the listed price and came back considerably higher in one recent transaction that I was involved in?

I am sure amy of you are seeing this, as well as shorts that are working out. It has been my experience that the banks are still doing appraisals for value on the homes that I have been involved with.