Latte31-I know that this is why short sales are difficult real estate transactions because they can take about six weeks in order to get word from the bank and usually they reject the offer.
These transactions can take months and often the buyer is still left without a home.
I think that it is better to deal with a foreclosure instead of a short sale because the home already went through the cycle and the banks are more likely to negotiate with you.
Sometimes you can do an online home appraisal report by looking at sites like zillow. Zillow gives you a comparative analysis of the neighborhood and an appraisal on a specific home along with the appraisal range. These home appraisal values give you an idea of what the property is worth.
It also offers information regarding what the previous owner paid and the taxes on the home.
I think that some home appraisal tips include making small cosmetic changes like paint and staging. These can have a positive effect on the market value of the home. Pressure cleaning and landscaping also addes additional value.