I posted this over at GA Homes but thought it was appropriate for our discussion on Short Sales Listings. Often we get requests from investors about short sale listings and of course, we want interest and offers from investors. The challenge is that Short Sales represent a great opportunity for the savvy buyer, but often don’t represent a killer deal for the investor. The fact is that most of the money is made going into the deal and seeing the updside. Short sales are typically in better overall shape than REO properties and the banks typically won’t let them go for outrageous prices. However, a patient investor could get a deal, as explained in the video.
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