Short Sale Strategy help
I have a property under contract and the agent has submitted an cost estimate, appraisal (which came exceptionally high) and comps to the bank. The bank came and stated they want 80% of the appraisal which is around 350k, 100k more than my offer. The house is worth 220k 30k less than my offer.
The agent had escalated to challenge the value of the house but at this point we really don’t have much to convince the bank to sell at the offer price.
My go to is structural but the house is sound.
At this point my option is for a home inspection but I am open to any other suggestions
Thank you in advance
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Developer NJ (#1536535)
- Quality Home Developers ,Coldwell Banker