What Does It Mean When a House Is Short Sale?
Pricing a short sale correctly involves choreographing a delicate dance between bringing in an offer and getting the bank to buy into that offer. It’s very similar to the way agents price any other home, with a twist to account for market conditions.
How long does it take for a short sale to close?
The short sale bank. Because short sales can take a minimum of three months to close from listing inception, the price should be based on pending sales, which will become the comparable sales at closing.
