Yes!! A short sale can be an excellent opportunity for a first time home buyer. In a short sale you can often get a great deal on a property that you might not otherwise be able to afford if it was a standard sale. This is because short sales often sell a bit below market value. There are multiple reasons for this not the least of which is that the number of people willing to make a short sale purchase is a subset of the market as a whole. If you are willing to be patient and deal with some of issues with a short sale you can take advantage of this. Bear in mind though, as a purchaser you DO need to be willing to be patient and flexible. A short sale can take longer than a standard sale, and more complications can arise. It is for this reason that you need a realtor experienced with short sales who can help speed the process along AND protect your interests. I have a short sale specialty and have seen people get a lot of great deals with short sales but never do it without a qualified agent in your corner.