1. The short sale addendum notes that the seller can cancel the contract and take another offer.

2. Our seller has the right to accept any offer whether its higher or lower than your client's offer just like any other normal sale. The seller makes this decision.

3. As a result, whats puts a buyer in the best position?  Making a good offer and having an agent that stays in contact with us regarding their interest. This could be as simple as a weekly e-mail that states "let me know if we need to improve our offer to keep in the running." If someone ever wants a first right of refusal, a non refundable option money would be the most likely to entice them to do so depending on the bank/banks with the short sale.

4. Most of our banks don't require signatures on our offers. (Contrary to what people may think.)  When we submit an offer to the bank it isn't contractual.  When there is a bank that requires signatures upfront, we  will mark that property as 'offer under review.'  Otherwise, any offer a buyer submits will be reviewed by seller even if there is an offer into the bank and any buyer has an opportunity to purchase the property despite being 2nd to put the offer in.