10 Reasons to Buy A Short Sale

A Short Sale is a process in which the seller and sellers lender agree to sell the property for less than what is owed on the property.

1.  More Inventory! - In August 2010 the Tucson Short Sale inventory represented approximately 14% of the available homes.  This gives the buyer over 1138 more homes to choose from.

2.  Not as much competition for the home. It is not uncommon to have multiple bids on a foreclosure and for it to sell for more than the list price.

3.  Banks are starting to streamline the approval process and even pre-approving properties for sale!

4.  Contributes to neighborhood stabilization!




5.  Short Sale listings are often in better condition that Foreclosures!

6.  Skilled Realtors can qualify Short Sale listings to determine likelihood of success, thus potentially preventing you from wasting your time!

7.  There are Short Sales in all price ranges and all areas!

8.  You can put one under contract and continue looking to find a back up home.

9.  You will be helping homeowners avoid foreclosure keeping the foreclosure from dinging their credit report.

10.  Buying short sales is a great way to purchase homes at a good discount.