The market is really heating up in Brentwood TN and the demand for good short sale homes is strong. Bank of America ordered another appraisal and gave me an approved list price of $485,000.00. We had numerous showing and accepted an offer of $460,000.00 to bind and submit to the lender. The lender countered back at the list price for this Brentwood TN short sale. The buyer held their ground for this short sale home and Bank of America just agreed to the $460,000.00
I guess the moral of this short sale story home is that it sometime pays to call the lender's hand. I fully expected the lender to come back with a price somewhere in the $470's, but they did not.
We now move forward with inspections and such for this Brentwood TN short sale home.
by MIke Conrad