Who picks the price on short sales?

Who picks the price on short sales?








The real estate agent usually is the one who picks the price on short sales? Many Metro Detroit home buyers always wonder who sets the price of a short sale.  Usually the real estate agent sets the price because the home owner doesn’t care.  The  homeowner doesn’t have a stake in the game anymore..  The homeowner is trying to get a free walk from their mortgage.  All the homeowner cares is get it sold and get their name off the mortgage.

So usually the real estate agent prices the house at the low end of the market price.  The reason the agent does that is because Metro Detroit home buyers and buyer agents would rather buy a foreclosure or a regular sale than a short sale.  So in order to entice home buyer they price the short sale very reasonable.

Banks usually don’t get involved in the pricing of the home until they get an offer.

That is how Metro Detroit short sales are priced.


My quote of the day is:

One of the things that makes God different from people is that God is always available to listen.
Rabbi David Wolpe

Do not let somebody else get the best home deals.  Join my Foreclosure VIP club and get the newest lakefront foreclosures and the newest lakefront listings emailed to you daily.


Sometimes the best lake homes sell in less than a week.  Click the button below to get the newest lake listings so you do not miss out on the great deals.

Lake Home VIP Club

Real estate for sale in Oakland County MI

Orchard Lake waterfront properties for sale Orchard Lake Michigan

Duck Lake Highland Twp MI

Hud Bidding process -5 Farmington Home buyer tips

Waterford Michigan All-Sports Lakes

Posted in Buyer Tips, First time home buyers, Foreclosures, investment properties, landlord Tagged with:

Search Homes



The data relating to real estate for sale on this website comes in part from the IDX program of Realcomp. Real estate listings held by brokerage firms other than Keller Williams Realty Commerce Market Center are marked with the IDX logo and detailed information about them includes the name of the listing brokers.

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Keller Williams Realty Commerce Market Center shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.