7 Tips for Navigating a Short-Sale Purchase

TWL_2015_mar_blog6Buying a short-sale home is a great way to shave thousands of dollars off the purchase price. But, the lengthy road to closing on a short-sale property is often paved with pitfalls and disappointments that make the process frustrating for many buyers. A recent article on the topic, by Trulia blogger John Vieira, breaks down the lessons learned from his experience buying a short sale. He also offers 7 tips that can help you navigate the process smoothly. One of his biggest pieces of advice is to be prepared to put some elbow grease into a short-sale home. He says, ”Neglect is unfortunately common in short sales, and chances are better than great that the seller will never pay for any pending repairs. Expect to have to put work or money into your short sale.”

To learn more, read the full article.

Image Source: Valerie Everett