❌ You need to move quickly (e.g., your current lease is ending), you want a move-in ready home, or you are risk-averse regarding hidden property liens. Pros and Cons for Buyers What To Consider if Buying a Short Sale Home - Chase Bank
✅ You have a flexible move-in date, are looking for a deal in a competitive market, and can afford to pay for repairs yourself.
Buying a short sale house can be a great way to secure a property below market value, but it requires extreme patience and a high tolerance for risk. A short sale occurs when a homeowner sells their property for less than they owe on their mortgage with the lender's approval.