Inventory is up and demand is down, so it’s a good time to look for a bargain in real estate in the form of a short sale or *REO.
Here is a few things you should know before starting your hunt for a real estate bargain:
1) Have no contingencies, be ready to move forward with no objectives
2) Don’t have to sell your current home before purchasing
3) Be patient! This process can take months………
4) Have your own resources to repair or rehab the property if needed.
Buyers are you ready to wait.....read more here