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Short Sales for Buyers




As distressed properties, short sales are one potential source of a "deal" in real estate. That said, they can also be quite a hassle.



Positives:


Lower Costs

Better Chances Depending on Lender & if Seller is Working with Short Sale Attorney.

Short Sale Attorneys Can Help


Negatives: 

1. As-is 


Lender Approval Required

No Seller Repairs

Discount Margins Have Fallen

They Should be Called Long Sales

Fake List Prices Not Agreed to by Lender

Short Sale Attorneys Typically Aren't Free

When Buyers Should Avoid Them


Related:

About the Author: Adam Garrett - 3rd Generation REALTOR®

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