Is Buying a Bank Owned, Short Sale, or Forclosure in Idaho a good idea?
By Pam Pugmire, Meridian Idaho Real Estate
(Silvercreek Realty Group)
I recently wrote an article about Buying a Bank Owned, Short Sale, or Forclosure in Idaho. Since then I have been asked several times if I though buying one of these properties was a good idea. So here's my blanket answer that will fit everyone. It Depends. It depends on many factors. Do you have a stict time frame in which you must move? If you do, then a foreclosure, short sale, or bank owned property is probably not for you. These types of transactions (especially Short Sales) can take much longer than dealing with an individual homeowner. If you have a limited amount of time, you are probably better off to buy a home from a private party. There are still well priced homes for sale by an individual out there! If you want to buy, and have the luxury of time on your side, then...
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