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A short sale in Jackson Hole is a property whereby the owner and Bank agree to take an offer less than the equity in the property. These are a bit harder to obtain as the bank and owner may often shop an offer and have a loose commitment to a potential buyer and accept a higher offer if received. Our Broker at Jackson Hole often advises folks to be patient in a short sale contract deal and maybe wait until the bank forecloses on the property. At that time it becomes a REO (Bank owned) property and the banks will usually list those properties in Jackson Hole at blow-out prices!!
