I am trying to establish the actual mechanics of "offers" that can be recieved on an established HAFA 

'short sale listing price .

The 120 day  listing price is higher than the market can take( what a surprise) and hence I have not received any offers .If it were a traditional short sale I would simply keep reducing the asking price until I got an offer .

Any input or similar experience will be greatly appreciated 

Donal

Views: 58

Reply to This

Replies to This Discussion

I said this elsewhere on the site, but I'll say it again here:

You do the same thing.  I've never once had a HAFA "start price" come in at a salable amount.  You start it at their price, leave it for 2-3 weeks and then simply lower the price and tell everyone who is scheduling the showings that they must keep detailed notes.  If you can show that there were no showings at x price, so it was lowered, no showings at x price, so lowered again, no showings at x price, lowered, showing but no offers, lowered, more showings but no offers, lowered, multiple showings and offers.

Keep detailed notes, you send this in with the new offer with all of your detailed CMA, listing history, showing notes, etc, etc, etc.  It is very hard for them to dispute that.  "Market Price" that is figured out behind a desk is very different from Market Price that was actually dictated by the market.

HI Angela

Brilliant !!!!.Thank you for the insight .I have just reduced the price and will continue to do so until I gt an offer 

Many ,many thanks.

Donal

RSS

Forum

Ocwen Contacts Short Sale Package

Started by Jan Baron in Rants and Raves. Last reply by Anna Wilk Jan 14, 2016. 5 Replies

Shellpoint Mortgage

Started by Celeste ODea in General Discussion. Last reply by Brett Goldsmith Sep 4, 2015. 3 Replies

Extension Fees & Closing

Started by Colleen J Couse in Rants and Raves. Last reply by Brett Goldsmith Sep 3, 2015. 1 Reply

© 2021   Created by Mike Linkenauger.   Powered by

Badges  |  Report an Issue  |  Terms of Service