It should properly be called "The Messy Sale". The Most accurate description I've heard. You can get a plot of land & build quicker than a short sale, I have. The contractors are less to deal with than "The Messy Sale", because in 8 months I have been given 6 closing dates. None have happened. I had everything ready to go 6 months ago, yet time rolls on...............
Buying a home today is a lot like competing in the "high dive." In the world of diving, the short sale rates the highest "degree of difficulty". This dive requires the greated degree of execution and everything has to be timed and executed perfectly. There are so many things can go wrong with a short sale that many buyers elect to attempt the easier dives(regular sales & foreclosures) where things are more certain.
Now is a great time to buy. You will find exceptional value in both traditional and distressed sales. One category is relatively problem free.
Licensed Associate Broker
Accredited Buyer Representative
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William Raveis Legends Realty Group
The best deals in Real Estate in Florida right now are short sales. I am selling homes for up to $200-300,000 less than they were before so you can get a really good deal on a short sale. If it were me I would bite the bullet and wait for a short sale. You can always rent, either short or long term while you wait and you will save so much money in the long run it will be worth it in the long run. Taxes, insurance, mortgage payments will all be a lot less if you buy a short sale. I highly recommend it. Dale McMahan, Coldwell Banker Sun Land Realty, Indian Harbour Beach, Fl. (321) 432-4334 Call me anytime with any questions regarding property here in Florida