Short sales can be a great way to get a bargain, but anything that has positives also has negatives. If you want a deal you have to be patient. I have been listing short sales for years now and you must be upfront with the time aspect of you will never keep a buyer on the hook long enough to get an answer from the sellers bank. Here is a great article that will break down why the bank is taking so long and the basic process of a short sale.
Remember a short sale is only as good as the agent who has it listed. Some short sales are great options and others I wouldn't touch with a 10 foot pole. Pick and listing and buyer's agent who has experience on both sides of the transaction to optimize your chances. I am batting over 80% on my short sale while the national average on getting a short sale is 26%.
http://rismedia.com/lowes/8355/10032
www.naplesrealestateteam.com your access to SW Florida Real Estate
Remember a short sale is only as good as the agent who has it listed. Some short sales are great options and others I wouldn't touch with a 10 foot pole. Pick and listing and buyer's agent who has experience on both sides of the transaction to optimize your chances. I am batting over 80% on my short sale while the national average on getting a short sale is 26%.
http://rismedia.com/lowes/8355/10032
www.naplesrealestateteam.com your access to SW Florida Real Estate
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