is it a good idea to buy a short sale property 
buying a short sale property can be a good deal for a prospective buyer however it is important to be aware of some of the drawbacks involved short sales can take a long time moreover if the bank believes that a foreclosure proceeding is a more lucrative option it may reject the short sale and move forward with foreclosure instead the bottom linea short sale property can provide an excellent opportunity to purchase a house for less money in many cases short sale homes are in reasonable condition and while the purchase price might be higher than a foreclosure the costs of making the home marketable can be much lower and the disadvantages to the seller can be less severe however because of the lengthy process buyers and sellers must be willing to wait an experienced real estate agent can help you determine a fair offer and negotiate with the bank because tax laws are complicated and constantly changing you should consult with a certified public accountant cpa who knows about real estate investing and the related tax laws to give you comprehensive and up to date information it can mean the difference between making a profit and taking a loss on an investment 