5 common errors when buying a short-sale house
Be aware of unexpected expenses that can occur from a short sale.
Ignoring property problems
"Empty foreclosure properties may suffer from issues that arise from neglect."
Skipping the home inspection
Don't skip the inspection, in fact, tag along if possible.
Ignoring legal and insurance information
"Bank-owned properties often sell as is without disclosure, buyers need to do a little extra research on the home’s status."
Leaving too little time
"Short sale and foreclosure homebuyers need to be aware that the sale won’t necessarily close as quickly as it would for a traditional home."
Falling hard for a bad home
Don't let your love of the house overrule any bad signs the house is giving.