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I actually want to bid the asking price and have them pay the closing costs. Could that be a deal breaker? If just bidding asking price, how long should it take for them to accept?
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Posted: Jan 29, 2009 at 10:03 AM
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For the majority of short sales, the asking price is the price the listing agent HOPES the bank will accept. Depending on the skill of the listing agent, they could be spot on, or way off. In your case, I would recommend you work with a buyer's agent that has had success with short sales from both sides (buying and selling) to be sure that you don't waste 6 months hoping to get a deal that will never come through.
Jan 29, 2009 at 1:02 PM
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