One more point to remember -- just because the homeowner of the short sale agrees to your purchase price and terms of the contract , the short sale lender might not agree. Getting short sale approval is not automatic. Be prepared if this happens to you.
If you need more local information on Ventura County, CA, please give me a call at (805) 377-7172.
But, I am in the school of thought that unless you try, you never know; but why would you want to try?
A short sale is already a very convoluted process if you read those posts. It teaks forever to even know the lender agrees with your terms, and they throw all kinds of curve balls at you anyway. So, you submit an offer on short sale, and you put your house on the market, if not already on, you get it all ready, your agent market the house; maybe you get an offer quickly, and you have to tell the buyer (note, this is a buyers market), that sorry, you are in the process of getting a short sale approved, so they may have to wait forever before they know if they get the house or not; so, they may or may not go with your house, and so on.
So, is it going to be worth it; the short sale, and the contingency, even if they will take it?