As the Nampa-Boise real estate market continues to struggle with short sales, I thought about how some things have changed.
Do you remember all the short sale rider signs on the real estate signs in all the neighborhoods? It was used as an attraction for buyers, with the assumption that a good deal could be had. Now in reviewing listings I see in bold print the following words shouting: NOT A SHORT SALE! So what has changed?
Is it YEA a short sale, or short sale, NO WAY!?!
The answer? It depends. Can short sales still be good values? Yes, they can, not automatically so however. Can they be a frustrating experience of unknown duration and outcome? Yes, they can, also not automatically so. Under almost all short sale conditions it is not as smooth of transaction as a traditional non short sale purchase. Values can be had both in and out of the short sale scenario. I have had many buyers begin their search stating: I don't want to look at short sales, only after seeing some of the prices change their tune.
The key is finding the right property for you at the best price that fits your budget as well as time and emotional restraints. Using a experienced agent can help in navigating both the perils and positives of short sales, and help in finding the overall best deal for you. That deal may be in the form of a short sale, bank repo or from a traditional seller. There is not an direction that fits all buyers, give me a call for your personal consultation. Roger @ 208/602-0055 OR roger@lowesflatfee.com.
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