I put in an offer for $479k on a short sale property. We think it’s going to get appraised at $505k or $510. Somewhere between there. Lets say the sellers/current owners are qualified for the short sale. What are the chances that the banks (yes, there are two lenders involved - EMC & CountryWide) will accept this offer? So, we are offering about 8% less then if it gets appraised at $510k. Thanks!

I have recently made an offer on an “approved short sale” that was approved at $115k. It was lowered to $105k and has been on the market for about all together 400 days now. My guess is they lowered the price because the house is missing the following: AC unit, heater, and water heater and people wont even bother. I am willing to do the work because of an experienced Realtor and we came into agreement with these special terms with the bank which would come out of my pocket to replace the items. The problem is will i get my offer approved of $110k in adition to the additional cost of replacing the items? I really love the house. It doesn’t sound like there’s other offers, and The listing agent seems positive that we have a good chance of getting it and even opened escrow and is listed as “pending” or under contract. Do i have a good chance?

we have thenly offer and there is only one bank involved its been a week and we have heard nothing, do i have a good chance or should keep looking. it was listed for 199,000 and we offered 190,000. i love the house and would pay top dollar but unfortuanly it is a short sale so im taking a chance.

This house was listed at 125,000 and previous buyer walked out. I made an offer of $108,000 because the sellers were out of the county so people do not know about the home resulting in no offers. The agent said she had one other offer but would rather work with us(maybe because I have 800+ credit and dont have to sell a home or anything). So my real estate agent (who is familiar with short sales)had send everything to make the offer on Friday. She told us they should find out by that Tuesday(4 days) if the bank had accepted my offer. Do you think I have a good chance of getting this house or at least a counter offer?