Posted by: Roby Robertson | April 6, 2009

Lake Norman Real Estate;April Short Sale List

Lake Norman Short Sales 

 

 

 

Click  Lake Norman Area short sales  for the May 2009 latest lisitngs. 

Please contact your Lake Norman agent  at 704 451 7051 if you would like additional information or would like to see any of these homes.

A word about short sales and pre-foreclosures.

In the majority of cases, Bank are not accepting low ball offers.

What constitutes a ‘low ball’ offer? In our experience as listing and selling agents of REO properties, anything less than 80% of list is a low ball offer.  The one caveat to this principle is taht we found that the longer a property is on the market, the more likely a  ‘low ball’ offer will be considered.

Because of the experience of agents and asset managers with these homes, the list prices are already good deals and sometimes great deals.  We are now seeing better initial list prices and we are also seeing price reductions comimg through as frequently as every two to three weeks instead up to 90 days in the past.  A risk of waiting for the reduction is that savvy investors are seeing a great deal and buying them fast.

Most accepted offers are within 5% of full price if cash, and even closer to full price if financed. 

Again, Please contact your Lake Norman agent  at 704 451 7051 if you would like additional information or would like to see any of these homes

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