07-14-2010, 12:18 AM
We purchased our house in 2007 at $184K. The appraiser at the time valued the house at $200K. Since then a lot of crap has happened and, long story short, the bank is moving to foreclose. We met with a real estate agent this weekend who looked at the property and suggested, for a short sale, to put it on the market for $140K. She showed us comps from the last year and thought it would be best factoring in the numbers. She says she has handled short sales in the past and she was recommended by our local Lender's Consortium.
My husband, however, is not buying it. He says our house is worth way more than $140K (he's getting this info from a real estate website http://www.zillow.com) and is thinking the agent has someone lined up to buy the house once we agree to list the property. I think that is ridiculous because it would be in her best interest as well to list the house for as much as possible, right?
So far, I have suggested we meet with another real estate agent to get a second opinion. But do either my husband or the real estate agent have a valid point? I understand the short sale process is a long process, so even if we were to get an offer tomorrow, it would still take months to complete the sale. Is listing the house for s
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My husband, however, is not buying it. He says our house is worth way more than $140K (he's getting this info from a real estate website http://www.zillow.com) and is thinking the agent has someone lined up to buy the house once we agree to list the property. I think that is ridiculous because it would be in her best interest as well to list the house for as much as possible, right?
So far, I have suggested we meet with another real estate agent to get a second opinion. But do either my husband or the real estate agent have a valid point? I understand the short sale process is a long process, so even if we were to get an offer tomorrow, it would still take months to complete the sale. Is listing the house for s
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Office Chairs | Chairs