What Does the Price Reduction on that Short Sale Mean?

Jonathan Dalton

Jonathan Dalton is a 40-plus-year resident of the Valley and has been helping folks buy and sell homes since 2004. He can be reached at 602-502-9693 or info at allphoenixrealestate.com.

5 Comments

  • Paul Slaybaugh 7 years ago

    True dat.

  • Jim Zirbes 7 years ago

    What is it good for? Ha! Good God!

  • Randy hooker 7 years ago

    That is undoubtedly the funniest and yet most appropriate blog post of your career. 🙂 Thanks for the revelation of truth, and a moment of laughter, JD.

  • Another Investor 7 years ago

    It means the auction date is fast approaching and the lister needs an offer to get the BPO. Once they get the BPO, the buyer at the lowball price backs out, and the list price is set at the “approved” BPO price.

  • Jonathan Dalton 7 years ago

    Yes and no … some agents are reducing the price every week or two no matter when the auction date. But the overall point is correct, it’s only a ploy by the listing agent to get an offer in.

    What spurred this was one client who wasn’t sure if the bank would take what he was going to offer when the home was listed higher but thought he’d have a chance when he saw the price reduction go into effect, even though it doesn’t mean a thing from the buyers’ standpoint or chances of success.

Comments are closed.

Real Time Web Analytics

Send this to a friend