I bought a short sale and it took a long time/ A great deal of work. Now with that said ours was vacant for 2 years and needed major repair and with an fha loan we had to have the house “move in ready” so we did work before the purchase. With that said, find out when the taxes had been done to see when they might do them again.
Classic Shift. Be careful who you take advice from.
NYS taxes are ABSURD, you’re all insane.
Short sales don’t always take long. Depends on the bank situation. We did one a few months ago in around 2 weeks start to closing.
Lots of people making poor decisions using this logic since 2007. Past value has zero effect on current and future values, which is all you care about.
If this place really was a crazy deal, it would never have hit the open market. It can still be a good buy, but keep your head on straight. Run your numbers carefully and have them all verified by experts (not here).
$.02.
Fuckin right it would.
The taxes are what’s keeping everyone away. Its a long shot to get the house I’m well aware and I’ve accepted I’ll probably move on I just want to know what the probability of getting the taxes lower is. The fact that there is no guaruntee they will be lower is why I will most likely not put an offer in its to big of a risk to buy it and then have the town tell me to go pound salt.