There are so many foreclosures and short sales available in todays market, that it couldn't be a better time to buy. If you need a home in a hurry, you might want to think about looking at home foreclosures first; short sales take a couple of months to get an approval in price. If you're in no hurry, a short sale home may be the better option and not take much longer to purchase than a conventional home.
Benefits of a foreclosure will be a better price in most cases. The negative is the property may need repairs that a short sale will not need because the poperty is occupied and mostly is a better poduct that will qualify for financing.
Either option is a good investment depending on your needs and what your are trying to accomplish. Do not hesitate this is the time buy and find your dream home.
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