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Replies (6)
- Misty Mount, "callmisty"
- Contributions:10
It depends on your situation. If you are in a time crunch and need to be settled quickly, then a regular sale may be better for you. But if you have the time to look around and find your dream home as a foreclosure or short sale, you can find great deals.
Short sales and foreclosures definantly take more patience and you may not have the negotiating room that you would have with a regular sale, but in the long run if you have the time to wait it out, a short sale or foreclosure could work well for you.
Short sales and foreclosures definantly take more patience and you may not have the negotiating room that you would have with a regular sale, but in the long run if you have the time to wait it out, a short sale or foreclosure could work well for you.
- Maria Picardi Kenyon, "mariapk"
- Contributions:437
I don't think it's a question of what we prefer. I think the question should be what would work best for the client. If the client is open to the possibilities of the pluses and minuses of a short sale then that avenue should most definitely be explored.
- Cindy Quinton, "Cindy Quinton"
- Contributions:1323
From a buyer's perspective, even if you are not in a hurry, it has to be a good deal to justify, not only the process, but also the lack of being able to negotiate. As far as if you are working with a homeowner you can ask for a variety of things to be done to the house, and or money at closing, whatever. Seems more difficult with a short sale or forclosure. And some of the short sales I've looked at the people seem so angry, you wonder what they might do to the house on the way out...
Because so many of these homes were so underwater, it seems like, around here at least, that they are VERY close in price to regular sales. And so many of them need so much work to either make livable or just to update, that any savings gets eaten up quickly.
And it seems like anything that is truly an awesome deal gets snatched up by an investor before any of us mere mortals have a chance to look at it and make an offer.
However, all that being said, if the right house at the right price came up and was a short sale or bank owned, I would still do it.....IF.
Because so many of these homes were so underwater, it seems like, around here at least, that they are VERY close in price to regular sales. And so many of them need so much work to either make livable or just to update, that any savings gets eaten up quickly.
And it seems like anything that is truly an awesome deal gets snatched up by an investor before any of us mere mortals have a chance to look at it and make an offer.
However, all that being said, if the right house at the right price came up and was a short sale or bank owned, I would still do it.....IF.
- PATRICIA AMADI, "highintegrityrealty"
- Contributions:120
Totally agree with Misty Mount.
- Sharon Lewis, "Sharon Lewis"
- Contributions:3923
I work with a lot of buyers and normally, they don't want to chase short sales....so they don't even look at them.
- Wes Black
- Contributions:509
If you have the patience or need time for your lease to expire, I suggest you look at all types, foreclosure, short sale and regular. Why not take advantage of all houses in the Louisville market to view.
SHROT SALE OR REGUALR HOMES
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- 0.0/5.0
- (no reviews)
Contributions:26which take tim to close 3 to 6 month if you are lucky
or regular low price homes which can close in 6 to 9 weeks
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