Knoxville Short Sale: What Makes A Good Short Sale Offer?

FinishedKnoxville short sales are not your average real estate transaction. So, when it comes to determining what makes a good short sale offer, the rules are a little different because there is a lender involved. So, what makes a good short sale offer? Read on to find out more.

A good Knoxville short sale offer will come from an ideal Knoxville short sale buyer. The buyer will have the time and be willing to wait for the short sale to close. The buyer will also have some wiggle room when it comes the price. Not only will the be willing to pay more, they are financially able to pay more. Finally, the buyer is a qualified buyer.

Another thing that makes a good short sale offer is obviously the price. The price needs to be not too high, and not too low. If the offer is too low, the bank is unlikely to accept the offer. If the offer is too high, it could cause appraisal issues if there is a lender involved. An experienced agent will be able to help you find the right price for your home when you are doing a short sale.

Finally, a good short sale offer will have a short inspection period, not ask for repairs or other difficult contingencies. A shorter inspection period can be to the buyers benefit because if they do find issues that will make them want to back out, it will happen more quickly. In addition, since homes are sold "as is" in a short sale, asking for repairs is not something that can be done. Finally, other difficult contingency, like waiting for another home to sell, can hurt your offers chance of acceptance. A good Knoxville short sale offer will make the process as easy as possible when it is time to close.

Knoxville short sales are not your average real estate transactions, which is why it is essential to have a Knoxville agent that understands these transactions. My team and I have helped countless Knoxville homeowners avoid foreclosure. We've also helped guide many Knoxville buyers through the process of buying a Knoxville short sale. Give us a call today at 865-696-9002 or send an email to [email protected].

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