The Minnesota Home Ownership Center has just put out another good resource for buyers – this one discusses things to consider before making an offer on a short sale.
Short sales can be a good opportunity and can also be a waste of 2-6 months’ of waiting too – each situation is different. It’s important to understand the whole process before making an offer.
I also put together a guide comparing the differences between Foreclosures, Short Sales and Traditional Sales – I think it is a good primer for anyone looking for an easy to understand comparison.
