Most would agree that now is the best time in decades to buy a home. Everyone wants a great deal and the lowest interest rates available. While there are many success stories of homebuyers securing properties for 30% – 50% below market, there are also several misconceptions.
Many in the market to buy a home, want a short sale or foreclosure. But most do not understand the challenges faced when making that decision. The tips below are designed to help homebuyers, from a Chicago real estate agents perspective. One thing that’s clear in this unique market…rules seem to change daily so potential short sale buyers, need to be flexible.
If you are interested in securing a short sale property, this just may save you a lot of time. While assisting many buyers with their short sales purchase, these have been the most common things to note.
READ FULL ARTICLE via 2012: TIPS ON BUYING A SHORT SALE; BE PREPARED TO WAIT.