I just sold this property located on the East Bench of Ogden.
We listed this home in January 2013 after an attempt to rent the property was foiled when the sewer line failed. We moved the tenants out following that surprise and immediately pursued a short sale. The seller had purchased the home in July 2007 for $184,900. Our list price was $124,900.
We received several offers right after listing the property. However, due to the complexity of the transaction, the process moved very slowly.
Finally, after about 9 months, the bank gave us an approval at $119,900. The buyer who had an offer on the property decided to excuse themselves from the transaction at the last moment. We reduced the list price to match our approval price and quickly received a cash offer at $115,000. It took the bank another month to work through this offer but they ultimately agreed to approve the short sale at that price.
Congratulations to the buyer and seller of this property!
If you are upside down on your home and considering a short sale, or you are looking for an investment grade property to purchase, CONTACT ME and I would be glad to sit down with you to discuss achieving your goals.
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