Ok, I've prepared an in depth analysis of a shell that happens to be a short sale. Its approved for 600K; however, at that price, anyone that buys it would do a WHOLE lot of work with no profit at all. Can an offer on an approved short sale be made below the approved price, and if so, is there even a chance, with a good argument made as to why that sales price, that it could sell for that lower price? Has anyone had any success getting an approved short sale for less than it was approved for?
This house will never sell, unless some investor doesn't do his homework and complete due diligence on it, and get good estimates on all that needs to be done to it, include hardscaping and landscaping, at the approved short sale price. To gain a 10% profit, I was going to go in with an offer at $461K with a short sale negotiator. Its a SFR in a high end area.
Thoughts? Advice? Any would be appreciated.
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