Okay, so Iʼm looking to buy, is a “short sale” right for me?

If you are looking to purchase a home you will need to consider the pros and cons

involved with purchasing a “short sale”.

Short Sale Pros:

With upwards of 40% of the homes for sale in some of central Floridaʼs cities being

“short sales”, this type of sale may be hard to avoid. Consider this, you find a

neighborhood that is perfect for you. The ideal distance from work, good schools for the

kids and homes at affordable prices. However, what if there are only 5 homes for sale in

that neighborhood? Looking at the previously mentioned statistics chances are 2 are

traditional sellers, 1 is a bank owned home and 2 are “short sales”. Not looking at “short

sales” will most definitely cut down on the homes you have to choose from.

Furthermore, short sales are less likely to have multiple other offers to compete with and

are generally priced lower than the traditional sellers.

However, before thinking short sales are a great way to go be sure to take a look at the

cons.