short sale, short sale formsMany people are interested in buying a short sale home because they are a significant value compared to traditional homes. It's a good idea to use a Realtor who has experience with all the short sale forms because they are not the easies sales in the world. Buying a home is complicated enough, but those short sales are definitely harder to purchase and they take longer. Using a seasoned Realtor who has the experience and background in negotiating with the bank or loan lender helps move the process along.

There have been stories about how long it takes to buy these homes. Sometimes the bank gets multiple offers on these homes, and it takes them time to select the best offer. The paperwork is also more complicated, which adds to the time line. When you work with a seasoned Realtor, it will shave time off the process, although be prepared for a longer purchase period. Buyers should also know that they will have to buy the home in its present condition, since distressed homeowners are not likely to be able to afford to make repairs. But the short sale is worth the time it takes to buy, and the repairs that need to be made. It's an easy way to build instant equity in a tough market.