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Look, I know that . I was responding to your apparent disagreement with Lacerta that banks won't list there homes above the previous short sale listing price. After this discussion, I take it your obscure meaning was that a buyer would not have gotten the property for that lower unrealistic short sale price in the first place, so it doesn't matter. No disagreement.
Trust me, that's not going to happen in this market.
Quote:
Originally Posted by Mr. Fantastic
Exactly, listing prices mean nothing. Now you're getting part of the picture.
In my market, it is happening all the time. REOs are being listed often at more than even the auction price, which is often above the short sale list price, and closing at an average of 99% of REO list price.
If you meant what rjrcm said in the last post, that the crazy low SS price would never have closed, I also agree. Agents pick Short Sale prices out of a hat, they usually have no bearing whatsoever on what a bank will accept.
the crazy low SS price would never have closed, I also agree. Agents pick Short Sale prices out of a hat, they usually have no bearing whatsoever on what a bank will accept.
Pretty much what I've been explaining to rjrcm, but he isn't getting it. I'm not sure why either.
Look, I know that . I was responding to your apparent disagreement with Lacerta that banks won't list there homes above the previous short sale listing price. After this discussion, I take it your obscure meaning was that a buyer would not have gotten the property for that lower unrealistic short sale price in the first place, so it doesn't matter. No disagreement.
Pretty much what I've been explaining to rjrcm, but he isn't getting it. I'm not sure why either.
I didn't get it either until rjrcm said that. I thought he was pretty astute to pick up that you might mean that. I got the impression you were arguing that an REO would never be listed above the SS price.
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Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
. I was responding to your apparent disagreement with Lacerta that banks won't list there homes above the previous short sale listing price. After this discussion, I take it your obscure meaning was that a buyer would not have gotten the property for that lower unrealistic short sale price in the first place, so it doesn't matter. No disagreement.
