Yes you can purchase a short sale I have been listing /buyers agent drama is not caused by agents bank. However it depends if you want to go the distance. Buyers Agent can discuss particulars with you

Good luck !

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Every short sale is different. The properties are usually listed at market value. (The value of similar homes in the area not in a distressed situation). The banks are looking for as much as they can get. There may be some wiggle room you never know what the bank will take. It does take awhile to get responses from the bank. It could take between 3 and 6 months on a short sale. The only advantage with a short sale is that that particular house may not have been an available option if the seller wasn't trying to do a short sale.

Katiet,

The reality of most "short sales" is that you can count of extensively long waiting periods and being left in the dark, great frustration, and in the end, left holding onto the memory of the perfect home that got away.

The short sale process is not "rocket science" but since banks are in the driver's d seat on these transactions there just isn't enough motivation for them to get the job done.

You can get a great deal if the bank accepts the offer and the seller accepts the terms of the short sale. It is essential that you are patient during the transaction because there is not much that anyone can do to control the bank or their timetable. If you are in a situation that allows you to be flexible in regard to your timing then go for it; if you are on a tight timeline I'd look for a conventional purchase. You may also want to find a Realtor in your area who is a Certified Distressed Property Expert (CDPE). They can help advise you through the transaction and any potential pitfalls. Please see the web reference below for their website. Best of luck to you!