Dawn Isenhower Sibcy Cline Realtors

Short-Sale or Traditional Purchase? I would say that it depends on the condition of the property. Most short-sale properties are sold "As Is" because the sellers do not have any money to put into repairing and maintaining the property, and the bank will not make repairs either. Since most first-time home buyers depend upon financing, the property must be in such a condition that an appraiser will give a positive appraisal.

On the other hand, most homes that can be purchased as a regular arm's-length transaction will tend to be in decent condition. There is a seller who is in the financial position to negotiate inspection items with as well. I always advise my buyers of the pro's and con's of purchasing a short sale. These properties can be great deals if a buyer is willing to wait longer for the approval, and if the property is in good enough condition to appraise.