Are short sales the answer?
Hi,
I occasionally get questions about short sales, from buyers and sellers. Buyers want to know what the advantages and disadvantages are, and sellers want to know if it is a better way out of a dire situation. There was an article in the Wall Street Journal last week that addresses short sales. While it is by no means a full educational disertation on the subject, it does shed some light. Most buyers searching for the bargains tend to stay away from the short sales due to the aggravation involved. The article mentions the low percentage of short sales that are actually completed. The deals are just as good with lender owned properties with way less hassles. Check out the full article at
http://online.wsj.com/article/SB120839380851021529.html
Have a great day!
Adam Tarr, ABR,ePro, CNE
RE/MAX Excalibur
Scottsdale, AZ
480-236-7374
adam@WeAreAZRealEstate.com