The difference between buying a short sale and a home from a traditional seller is that it is no longer all about you. The bank is taking a loss and in addition to your qualifications, they are spending time investigating the seller's claim that he cannot pay back the money owed to the bank and are negotiating with the seller. This can be a long process. The more indigent the seller and the closer to the foreclosure process the home, the quicker banks tend to move. If you have to move by a certain time, a short sale transaction may not be for you. Also, don't be surprised if the bank comes back and wants more money from you than the price you negotiated with the seller. In a rising and improving market like we now have, banks will be less negotiable than they were a couple of years ago.