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Who picks the asking price on a Wellington Short Sale?

Who picks the asking price on a Wellington Short Sale?

There are many misconceptions about Wellington FL short sales and one of them is PRICE.

Wellington FL Short Sale QuestionsJust like a traditional sale a real estate agent will prepare a CMA (Comparable Market Analysis) for the short sale seller.  Based on the facts presented in the CMA a price range will be established and a short sale agent may even recommend an actual list price, but ultimately the short sale seller picks the asking price, which may be negotiable.

While the short sale seller picks the asking price their lienholder(s) will ultimately decide the final price, which might not be the same price the seller and buyer agreed upon.


Occasionally a short sale price will be "approved," but it will still need to be re-approved for the specific buyer and the approved price and/or terms may change.

If you are a short sale buyer or seller contact us today for all your Wellington FL short sale needs.


Originally posted at
http://wellingtonhometeam.com/who-picks-the-short-sale-asking-price/

Michelle Gibson REALTOR®
HANSEN REAL ESTATE GROUP INC.
561.333.0446


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Comment balloon 10 commentsMichelle Gibson • September 08 2011 08:32PM
Who picks the asking price on a Wellington Short Sale?
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