Short Sales and Foreclosures are priced lower than normal market pricing.

You may be able to move up to a larger home. Short sale homes can be more affordable due to the market conditions.

Lenders/banks are not interested in owning property. If banks can approve a price that would be financially beneficial to them, they will do so to avoid tying up cash in hard assets.

Although financing is harder to obtain than before, it is still available and obtainable. As short sale prices are generally lower, the required down payment is also lower.

Sellers are motivated! Even though the final decision is with the bank as to how much they will take for a short sale, sellers want to move quickly before their situation changes and they have to face foreclosure.

With the first time home buyer tax credit of $8,000, first time buyers have a great opportunity to get into a great home at a great price. This tax credit is temporary so you have to move quickly to benefit from it.

Real estate agents are working diligently to get properties priced correclty by banks in order to expedite the sale process and attract the right buyers.