Short-Sales attract buyers looking to save money on a good home that the current owner is unable to meet their financial obligations. Sometimes they are advertised as “Short-Sale” and other times the asking price is just considerably less than similar homes in the area.
Historically, short sale transactions have never been a quick deal. Buyers need to realize that even if the seller accepts your offer, it may be refused by the lender who is agreeing to take less than is owed on the home.
