One advantage to this strategy is that there is an inspection available to help convince the lender to approve the short sale (assuming there are significant unrepaired items). Also, if the short sale lender obtains an unreasonably high BPO, an appraisal can be used to contest the short sale price.
Lastly, this strategy will prevent all parties from being involved in a lengthy short sale approval process only to have the Purchaser terminate the transaction due to an inspection issue.
Remember that short sales are a team effort, and using this strategy will help ensure success for the entire team!
Contact me at 434-951-0858 or Tucker@TGBLaw.com if you have questions
William D. Tucker, III
Tucker Griffin Barnes P.C.
Charlottesville & Lake Monticello