I need help with this situation.
I am in a process of getting a property under contract. Seller wants to sell but property listed on MLS. Now the seller agrees to offer but she is not sure if the bank would except the offer. Seller ask me to attach a letter with the agreement stating why it's so below the 110,000? It may have a better chance of passing!
my offer 84,000
1) If it's listed, you're spinning your wheels directly with the owner
2) "not sure if the bank would accept the offer". means this is a short sale, and you have No chance getting this done without an agent.
Did you know it was a short sale?
No reason for you not to get a buyers agent. Commission is covered by the seller so unless you plan on getting a price reduction through not using an agent (not too likely in my opinion), then you're not really saving any money.
Also, if this is a short sale, it's definitely worth it to get an agent. Banks require a ton of paperwork and documentation back and forth, and in Arizona, I've seen short sales take up to a year to close.
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