Is it feasable to offer 100000 dollars for a short sale house ?

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  1. The short sale house I made an offer on was delisted – does that mean the bank accepted the offer? I offered 13% less then the asking price which I was told by my agent the bank had been previously approved. I hadn’t heard that the bank had accepted my offer, but does this mean the bank has accepted my offer, or does the listing agent think they will? Does...
  2. We put a offer on a short term sale house..We found out the salers of the house accepted our offer but? We are still waiting to find out if the bank as approved it or not..But i noticed by the house on the website its listed on they updated it from active to Contingent”? What does that mean? Thanks!...
  3. We put in an offer on a short sale house how do we know if it’s a true short sale? the seller accepted and isn’t taking anymore offers and we have committed on paper to them as well for 45 days. We signed the offer and they signed off too. They sent paperwork off to their lender and hired a negotiator. It’s been 14 days. our Realtor said our price...
  4. How should I put an offer to a short sale house? I live in central NJ with still high real estate market, but plenty of foreclosure and short sale. There is a house listed for 509k in short sale. It seems to be in good condition in a nice area. So I was wondering how low offer should I put on...
  5. Offer made on a short sale house? I have been looking at houses for a couple of months and found a house that is a short sale. Through a real estate agent, I made an offer for exactly what they were asking. Does anyone have any suggestions, advice, or correct steps with trying to get a short...
  6. Bank has not responded to our offer for a short sale house.? We offered what was the asking price. We are the only bid on this home. It is a short sale, but we hoped giving the asking price would get us an answer. Its been a month since they received our offer. Is there anything we can do?...
  7. What is an average amount to offer on a short sale house? I am looking to purchase a house that is currently undergoing short sale. The bank is asking $159000. I am looking to put a good faith deposit down and then undergo the appraisal process. How much should I put down as a earnest money deposit?...
  8. If you offer less than what the buyer originally paid for a house, is that a short sale? I am looking at making a bid on a house in which the offer would be less than what the seller originally paid for the house. They paid 118,500 and are asking 125,900. It is appraised at around 100000. If I offered lower, would that be a short sale? Any...
  9. How long does it take to get an answer when putting in an offer on a house up for short sale? I heard that when buying a house that is up for short sale, you wait a long time to get an answer from the bank on your offer. How long do people typically wait to see if their offer is approved?...
  10. How long does it take to find out if our offer will be accepted on a Short- term sale house? its been 2 weeks, I heard they take long time?...