Short sales do have effect on the whole market. If there are too many short sales, your value will be impacted. Put yourself in the buyers shoes: If you have choices of condos in the complex that an owner is not interested in what they walk out with dollar wise, as opposed to an owner that has whatever equity is in the unit, you can possibly negotiate a very good deal on the short sale.
We have done many short sales in the area and if you have further questions, please give us a call.
Realty Teams Corp