Why Broomfield Home Buyers Should Think Twice About Short Sales

Posted by admin - March 4th, 2008

There have been a few excellent posts recently, by other real estate bloggers, about the pitfalls of buying a short sale property.

You can check them out for yourself here:

“On the surface, it may appear that a short-sale buyer is getting a good deal. Although a slim margin of short sales may be profitable for a buyer — because there are always exceptions — much of the time, a buyer would be better off buying a home that is not in default.”~ Elizabeth Weintraub

“Short Sales need more attention, as they are very tricky and misleading.” ~ Frank Llosa

“Looking for a bargain? Great. Just remember this. It’s often like buying yesterday’s donut instead of a warm Krispy Kreme straight from the oven.” ~ Ardell DellaLoggia

Let’s face it, there are plenty of homes out there for sale right now, and as a buyer you can have your pick in most areas. Why not go for the home that is “pretty, pristine, and priced right” instead of the home that causes you more grief than it’s probably worth, and is sold completely “as is?”