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Old 10-16-2011, 03:58 PM
 
Location: Englewood, FL
1,268 posts, read 2,494,443 times
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Quote:
Originally Posted by macyny View Post
We looked at a short sale today which is listed at $279,000. The listing agent said the bank is wanting $250,000. Why is it listed at $279,000?
In a nutshell...because everyone still believes property is being "given away" in Florida and would NEVER make a full-price offer on a short sale. It's just the mindset. If the agent listed it @ $250K, there would have to be a note in the agent-only comments saying something like "only full priced offers will be accepted", and that would be a total turnoff for most buyers.
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