Persistence is to successfully purchasing a short sale at the price point you want. After all the paperwork is done, the bank can take many months to get their act together to finalize the deal.

It’s been seen before, where the bank sends out the appraiser and for some strange reason the appraisal comes back very high…thus, make the bank reject the buyer’s offer and waiting a few days later to submit a counter with the full appraised amount. If you’re an investor/buyer…stay strong. In this situation, the buyer stood firm. A few weeks later, the lender called the buyer’s real estate agent to accept his original offer. Apparently, this same incident has happened a few times this year to the buyer’s agent.

To get the price you want, stick to your price point and make sure your real estate agent calls and calls the bank to talk with them. Persistence is the key to have the bank speed up the process to get “rid” of you.