Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Followed Discussions Followed Categories Followed People Followed Locations
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 11 years ago on . Most recent reply

User Stats

4
Posts
0
Votes
Louie G.
0
Votes |
4
Posts

short sale HELP!!!

Louie G.
Posted

Hello,

Hope im posting in the right place. New to this and just looking for some advice. My wife and I put an offer on a property in September for $270k as advised by the listing agent because the Bank (seller) had already accepted an offer for $270k back in april. That buyer didnt end up qualifying. after a 3 month wait, they finally got back to us. they want $355k. I figured that was a starting point to begin negotiating. 

 After speaking with My Realtor he has advised me to counter offer them at $355k with a 6% seller contribution. I thought that was too high of a jump in price and I suggested maybe starting at $310k. He says they wont accept that and we are at risk of loosing the property. THE HOUSE IS WORTH $355k but i feel like im not getting any help from my realtor.

Also want to mention the property is NOT on the market and my offer is the only one they have. 

 Just looking for advice from someone whos gone thru this before and can give me some guidance. Should I take my realtors advice or should i counter at a price that i feel comfortable with. Any help is appreciated. Thanks in advance.

Loading replies...