Short Sale offer on MLS

[Kelly Payne]

If I'm making an offer on an MLS property, and my buyer's agent found out that it's short sale pending, what's the best way to present my offer?

I want to offer $82,000. It has an ARV of $100-105k and it's already been completely remodeled. It's been sitting on the market for a while, and the price has just been reduced to 115k, but they're trying to do a short sale.

So when I submit my offer, how can I communicate to the seller that he can accept my offer and allow me (well, our short sale investor friend) to do the negotiations and paperwork on his behalf? I thought about including a typed explanation and attaching it to the contract.

[James Ward]

Simple put, you tell the Agent that you want to submit an offer on the property. But the olny way you will make this offer, is if they allow you to negotiate directly with the Lender(s).

Be prepared, lots of Realtors will not let you do this. So, if the deal is contigent upon you negotiating directly with the Lender, be prepared to walk and find another property.

Have fun!