New real estate poll: Foreclosures and short sales
So -- who's buying?
You tell me:
Investors are the traditional buyers for distress properties, but first-time buyers have looked at this market post-bubble in hopes of getting a deal (or something in their price range).
The "yes but" I often hear is condition -- and for short sales, the uncertainty. Short sales require a lender's OK, and lenders sometimes take months to respond to an offer ... even if that response is a simple "no." (Real estate agents expect first-timers to stop considering short sales now that the deadline for the $8,000 tax credit is approaching.)
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