I Love Over Priced Short Sales - From The Buyer's Agent Perspective, Destin, FL

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I LOVE OVER PRICED SHORT SALES - Destin and Santa Rosa Beach, Florida

Isn't it funny how one $10,000 price adjustment on a $200,000 short sale listing can create a frenzy and multiple offers? I have found that over priced short sales are a great opportunity for the buyer's agent that understands the short sale process. If a short sale is listed for $200,000 and the comps are $160,000, one can offer $160,000 and educate the listing agent and seller with the comps. I have had great success with this and wanted to share this with the rest of you. These short sales stay under the radar and can present fantastic buying opportunities. Let me know if anyone else has had success with this strategy. To sum it up, a high listing price will create less competition and the ability to secure a good deal. The future BPO/Appraisal is the basis of our offer, not the list price or amount owed. I understand that a high list price may show the listing agent's lack of short sale experience or many times it can be due to a stubborn seller. I have actually had situations where I sent the comps to the listing agent and they placed them in the short sale package. This works!!