Buying a short sale house can be a great way to get a good deal on a home. A short sale occurs when a homeowner owes more on their mortgage than their home is worth and the lender agrees to sell the home for less than the amount owed.
There are many benefits to buying a short sale home. For one, you can often get a home for less than market value. Additionally, you may be able to avoid paying closing costs and other fees associated with buying a home. However, there are also some risks associated with buying a short sale home. For example, the home may need repairs or renovations, and the process of buying a short sale home can be lengthy and complicated.