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Foreclosures & Short Sales: Often a Bad Deal

As I previously wrote on my other blog, foreclosures and short sales have their headaches.  The question is: Are they worth it?

Some foreclosure and short sales homes are a good value… and many are not.  For many buyers, the best value may be achieved simply by negotiating with real human being-type sellers versus with a bank.  At a certain price foreclosures are a good deal but they also come with inherently more risk and a large majority of them have been abused and/or neglected.  Consequently for any buyer who’s out there looking for a “deal” should not be looking solely at foreclosures or short sales.

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TwinCitiesRealEstateBlog.com is not a Multiple Listing Service MLS, nor does it offer MLS access.
This website is a service of Aaron Dickinson of Edina Realty, a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc.