{"id":122,"date":"2010-03-21T04:30:26","date_gmt":"2010-03-20T23:30:26","guid":{"rendered":"http:\/\/www.allphoenixareahomes.com\/?p=122"},"modified":"2013-10-26T04:13:48","modified_gmt":"2013-10-25T23:13:48","slug":"should-you-buy-a-short-sale-listing","status":"publish","type":"post","link":"https:\/\/nohasslelistingblog.com\/?p=122","title":{"rendered":"Should You Buy A Short Sale Listing?"},"content":{"rendered":"<p>It depends. There are definite advantages to buying a short sale listing. There are also definite disadvantages. And there are some possible additional disadvantages \u00e2\u20ac\u201c depending on which agent you have.<\/p>\n<p>We will take these up \u00e2\u20ac\u201c one at a time.<a href=\"https:\/\/nohasslelistingblog.com\/wp-content\/uploads\/2010\/03\/GoodNews.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-full wp-image-126\" title=\"GoodNews!\" src=\"https:\/\/nohasslelistingblog.com\/wp-content\/uploads\/2010\/03\/GoodNews.jpg\" alt=\"\" width=\"150\" height=\"154\" \/><\/a><\/p>\n<p><strong>Advantages<\/strong>: Price and Condition. If the transaction is handled correctly, you can usually get much more home for the money than you could get otherwise. For about the same price as a lender owned home, you can buy a short sale home in MUCH better condition.<\/p>\n<p><strong>Disadvantages<\/strong>: Time and Certainty. You don\u00e2\u20ac\u2122t have to talk to a lot of people to find some who will tell you to NEVER BUY A SHORT SALE. It takes forever and you don\u00e2\u20ac\u2122t know if the bank will ever get back to you. That can be a true statement. It can also be a false statement. This \u00e2\u20ac\u0153disadvantage\u00e2\u20ac\u009d is largely dependant on the point below.<\/p>\n<p><strong>Possible Additional Disadvantage<\/strong>: Incompetent listing agent. This is probably the single biggest variable currently. If the listing agent knows what they are doing (and many listing agents do a wonderful job in this area) communication to the bank is effective and efficient. If they don\u00e2\u20ac\u2122t have experience, pricing is at a level no bank will approve, communications with the bank breakdown, and the file may straggle on for 6 or more months only to be denied.<\/p>\n<p>How does a buyer combat this final disadvantage? Know your agent and make sure they have an interview sheet for the listing agent so they can determine the probability of a successful close. While this is no guarantee, it is possible to significantly jump your odds of obtaining the short sale home of your dreams.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>It depends. There are definite advantages to buying a short sale listing. There are also definite disadvantages. And there are some possible additional disadvantages \u00e2\u20ac\u201c depending on which agent you have. We will take these up \u00e2\u20ac\u201c one at a time. Advantages: Price and Condition. If the transaction is handled correctly, you can usually get [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7,4],"tags":[],"class_list":["post-122","post","type-post","status-publish","format-standard","hentry","category-financing","category-market-stats"],"_links":{"self":[{"href":"https:\/\/nohasslelistingblog.com\/index.php?rest_route=\/wp\/v2\/posts\/122","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nohasslelistingblog.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nohasslelistingblog.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nohasslelistingblog.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nohasslelistingblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=122"}],"version-history":[{"count":6,"href":"https:\/\/nohasslelistingblog.com\/index.php?rest_route=\/wp\/v2\/posts\/122\/revisions"}],"predecessor-version":[{"id":389,"href":"https:\/\/nohasslelistingblog.com\/index.php?rest_route=\/wp\/v2\/posts\/122\/revisions\/389"}],"wp:attachment":[{"href":"https:\/\/nohasslelistingblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=122"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nohasslelistingblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=122"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nohasslelistingblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=122"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}