*Note: This question is regarding short sales, but that is okay, because there are no stupid questions.
Q: Can you negotiate the listing price for a short sale?
When you find a home you like that turns out to be a short sale, the most important thing to find out is if the price is lender-approved. That should be the first thing you ask the listing agent. Often times, real estate agents determine the list price without first getting the bank’s approval. Buyers end up wasting a great deal of time submitting an offer that never had a chance of getting approved in the first place. There are some ways to make your offer stronger, and therefore more likely to get approved by the lender. I recommend you contact our short sales specialist in my office, Mary Gonzalez at 408-250-3483 or email at mlu@cbplatinum.com. Most of the agents in our office go to her for advice about short sales and REOs.
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