Friday, February 1, 2013

Short Sale Buy? - Zillow Real Estate Advice

There are never "ideal" short sales.? With that said, you can have ones that go smoother than others.? A short sale allows the seller to sell their home for less that what they owe.? It is an agreement between the seller and the sellers bank.? As the buyer you agree to purchase the home for "current fair market value".? There may be some "steals" out there, but? with home prices rising and more and more traditional sales making into the market they are harder to find.? So to answer your question:? I would say if you LOVE, love, love the home and can't see yourself living anywhere else, go for the short sale and hope its an easy one.? If not, don't limit yourself to just short sales, there are lots of traditional sales, and REOs out there too!

Source: http://www.zillow.com/advice-thread/Short-Sale-Buy/476746/

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