The problem in this market is that (in many areas) unless you want to buy a new house or a bank owned property, you will end up bidding on a short sale. We are 3 1/2 months into ours and it is frustrating but I think we are finally going to get the house we want at a reasonble (not basement bargain) price. Of course we had the time and we never stopped looking.
What I have read online is that it is simply mandatory to get an experienced reo-saavy realtor to handle ANY type of foreclosed property, including the submission of bids for bank owned or REO properties.
Is this correct???
Thanks!! :)