First of all, that extremely low listing price is likely not the selling price but rather the "start talking price!"
Of course there is always the chance the low price may just be reflective of the later investment required to repair, fix, update and generally make the house "livable." [However, that is more common with foreclosures!}
Short sales take time. After all, the seller may sign off on your offer but in the end it must be approved by the lender(s). And the lender approval process may take time – months!
A couple of additional tidbits of information on short sales (click the links):
- Difference between a short sale and a foreclosure
- Is there such a thing as a perfect foreclosure?
- REO and Foreclosures are not the same as short sales...
For information on short sales in Viera, Florida, call me directly at 321-693-3850 or email me if you prefer.