You may have asked yourself this question when it comes to short sales….
Should I bother with a short sale? I’ve heard they take forever to close.
Sometimes you can get a better deal with short sales but be careful & patient. Most short sales are similar to bank owned homes, where you buy them as-is. But don’t let that discourage you, a lot of times, these short sale homes are in better condition & some banks approve with buyer concessions to cover closing costs.
Now, the flip side, it’s important to know which short sales are real & which ones aren’t. Only a savvy & experienced agent will be able to know & advise you properly on whether a particular short sale is worth your time. Your agent should be asking the listing agent questions & giving you the answers.
Is your agent asking the right questions?
Oh & some good news: Short sales will get easier this year, starting 4/5/10. Check out this link: http://bit.ly/dD5sXX
Connect me for more details on finding the needles in the haystack, AKA Short sales