Buying a short sale listing can be an excellent opportunity for the right buyer.  However, it is not an "average" home buying experience, and anyone considering a short sale will need to understand that the process is different. 

First, short sales involve more parties to the "transaction" than a typical sale.  Not only are the homeowner and their agent involved in selling the home.  There will also be the bank's loss mitigation department, perhaps another bank if there is a 2nd mortgage or home equity loan on the property.  All the parties will need to come to an agreement before the sale can proceed.

Just with that information alone, it is clear that the timeline on the purchase of a short sale will be longer than a "typical" purchase of a property.  It is not uncommon for a short sale to take 3 to 6 months to get from the point of an offer being made until the property is actually sold to the new buyer. 

However, if you are not in a huge hurry to move into a new home, a short sale might offer you great opportunity.

To be sure that you have a pleasant experience working on buying a short sale, you'll need to work with a buyer's agent who is experienced in the home buying process.  Take a moment to read our report,

To view a free list of short sale listings in your area, please click on any link below.  If a listing is interesting to you, please email me with the address or MLS number and I will get more information about the listing to you right away.

Stillwater Short Sale Listings
Cottage Grove/ Woodbury Short Sale Listings
Hastings / Prescott Short Sale Listings
Mahtomedi/ Lake Elmo Short Sale Listings
White Bear Lake/ Vadnais Heights/ North Oaks Short Sale Listings

Want an additional city/ area's list of short sales?  Click Here to let me know.

Want to see what is on the market for foreclosure (already owned by the bank) homes by town?  Click here.