I’ve heard it takes a long time to complete a short sale, is this true?

Written on May 18, 2011 at 3:40 pm

Yes, buying and selling a home offered as a short sale generally may take longer than a non-short sale purchase. The actual time depends on a number of variables.

Some banks respond to a buyer’s offer in a few days, while others may take up to 30 days to respond to the initial offer.¬†Requirements may change, so check with your real estate agent to determine a realistic time frame. Patience is a¬†virtue when buying or selling a short sale.

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