 |
Short Sales
If the Short Sale has bank approval already, you might wait just weeks vs. 4 to 5 months.
We have estimated that less than 10% of all Short Sale offers get accepted.
Either they take another higher offer or the bank decides to Foreclose so they take no offers.
Please read my write up on How to buy a Short Sales to understand more.
It normally takes 4 months to see if your offer was accepted unless the price was approved already.
If there are multiple offers you should offer over asking price to have a chance.
Normally the seller presents the highest and best offer they get to the bank. All other offers are backup.