Question Details

Mr.TorresJ, Home Buyer in Upland, CA

what are the pros and cons of buying a short sale property?

Asked by Mr.TorresJ, Upland, CA Thu Nov 29, 2012

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In SHORT....The pro could be getting a great deal, the cons are it is not guaranteed to be accepted. and can take a long time if not negotiated properly.
0 votes Thank Flag Link Thu Nov 29, 2012
The pro is the potential of acquiring a property at a great price point. The primary con is that it can be a tedious, time consuming, process with no assurance the bank will accept your offer despite the sellers desire to do so. If you have time, and are able to maneuver through the process flow, while not getting emotionally attached to a property, which may fall through in the end, it's an option worth considering. Good luck in your pursuit!
0 votes Thank Flag Link Thu Nov 29, 2012
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