Why educating a buyer who is interested in purchasing a short sale is vital for the real estate industry.
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One of the biggest differences when going through the process of buying a short sale is the time it takes to complete the transaction. Unfortunately there is no easy way to ensure that a short sale will go quicker. On average a short sale takes around four months to complete. The typical real estate transaction is normally done on average between 6-8 weeks. If you are not prepared as a buyer for the time difference you could end up being very disappointed.
Education a buyer about the whole process of buying a short sale is important. When a buyer is educated on the short sale buying process there is a much greater chance for success. A seller should always be looking to secure a buyer who understands the process and is willing to wait the necessary time it will take to complete the process. Take a look at the article for other considerations you will need to know when buying a short sale.