How To Short Sale

Short Sale Tips and Advice For Homeowners

Thursday, October 7, 2010

Short Sale San Antonio: How to Price Your Short Sale?

There are important issues with short sales that many homeowners and Realtors fail to consider.

One of the biggest mistakes?

How to price a short sale for sale?

According to Realtor.Org, they say "Price your short sale at or near fair market value".

The problem is.....

What is "Fair Market Value" for a short sale?

One of the mistakes we see today is a short sale priced the same as a typical retail sale or an available bank owned property. This is a huge mistake if a homeowner needs an offer on the property.

Why?

The answer is very simple bit often overlooked.

There are a number of issues with short sales that drive down the current value of the property. This is one of the most important factors to consider when trying to sell via a short sale.

Additionaly, you MUST consider existing inventory and local market conditions. For example, for a San Antonio Short Sale, Realtors must take a close look at the number of bank owned property in the San Antonio area.

Here is a video from Third and Long Investments, LLC:




To learn more check out the website from Third and Long Investments, LLC for Texas Short Sale help.

This website at www.shortsalestx.com offers a free guide to homeowners that explains some of the issues when facing foreclosure. Please visit the "Free Report" link on the website for a free in-depth guide on short sales.

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