Owning a home may be part of the "American dream," but it is important to buy and sell at the right times. A research group recently compared the sale price of almost 30,000 homes in South Florida in the second quarter to the price the homeowners paid at the time that they purchased the property. The profits noted did not include expenses related to renovations performed on the homes. The results were startling.
Prospective home buyers in Florida want to find a house that has all the amenities they need at a good price. Therefore, when a short sale home that has all the features they want comes their way, it is awfully tempting to snatch up that home at a price that is much lower than it would normally be. However, there are some things to look out for before purchasing a short sale home.