Pros and Cons of Buying a Short Sale
Pros and Cons of Buying a Short Sale
Short sales are more complicated than your average home purchase transaction. If you are considering purchasing a home that is a short sale, consider these factors:
PROS:
The homeowner and lender are usually highly motivated. If the short sale transaction doesn't close, foreclosure may be the only other option. Therefore, you may likely get a price that is below the market value of the home.