When homes are listed as short sale homes they are usually the ones that is on the path to becoming a foreclosure home and the lender wants to sell the property, maybe even at a loss. This may sound like a good idea as you may be able to get an excellent home at a fraction of what it would cost if it was being sold on the regular market. As with anything, there are always pros and cons.
• The current lender and owner are both looking to make a quick deal because both parties involved are finding themselves in a difficult financial situate. There are many real estate agents that will list which homes have a short sale agreement so it is makes it easier on the buyers who are looking for a short-sale. Potential buyers can look through the list to see where the homes are located that are on the list and find one for the best deal.
• Such a house can cost a buyer ten to thirty percent less that the true market value of the home. It