Should you look at purchasing a short sale? Yes!

As we sit and wait for the sun to shine and bring more inventory to our buyer's table in Elk Grove, Sacramento, and the remaining Sacramento County area... You may have noticed that the choices are slim unless you consider a short sale. A short sale, is a distressed property, in which the loan on the home is more than the property is worth, and the seller is negotiating with the bank to let them sell the home at an amount lower than which is owed. A special side note here is, negotiating with the bank, is a difficult and sometimes painful process and should always contact a Realtor, your accountant, and possibly a real estate attorney to discuss your options. As a buyer these homes should definitely be a consideration on your list. Yes, they can and probably will take longer to close...but, if you are patient you will walk away with a great home at a great price. So go ahead and start looking for that deal in the short sale market!