Chrisitne

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Chrisitne, in Gilbert
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David, Home Buyer in Gilbert

What are the disadvantages of buying a short sale home?

Asked Mon May 19 2008, 10:15 by David  -  Maricopa  -  Home Buying  -  9 answers
Chrisitne answered:
No two short sales are the same. The major disadvantage of buying a short sale home is time (as long as you are purchasing a sound home with not major damages and sometimes the money saved outweighs this as well). If you have the patience and are not in the same situation as many home buyers (wanting to get in the home right now) then you may find a great deal. I have noticed that many realtors advise clients away because of the realtors wait time on closing the deal. If a client is advised properly then there shouldn't be any issues when informed on what to expect. Also, not all short sale homes are a mess. Many people care for their property regardless of the circumstances. I for one would never purchase a home at market price as long as I could find a great short sale or foreclosed property. You are reaping the benefit from helping someone or a family in a bad situation…what a deal. - Tue May 27 2008, 21:23
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