Typically short sale offers are negotiated by the homeowner and then submitted to the bank for approval. While there are always exceptions, I think it is safe to allow anywhere from 60-90 days for bank approval. After approval as been received, you would then set a closing date, which is usually very quick. So allowing yourself up to 3-4 months is a pretty good estimate. When putting in a offer on a short sale, patience is a must, but good things come to those who wait, you may end up with your dream home at a great price!