If the buyer had the option to buy a traditional home, short sale, or bank owned, the best deal in real estate is a bank owned.
False Some buyers like homes for different reasons, and buyers can only decide what is the best deal. Buyers may think they are getting great deals with a bank owned because the bank wants the property off their record. Other buyers prefer to wait out a short sale because they lock into the property, in hopes the market has already reached rock bottom in value. With a traditional sale, the buyer and seller can negotiate together to get the best deal that works for each other. No matter the reason to buy a home, the current real estate industry is the market of opportunity. A lot of people are getting a great deal, but only you can judge if it is the best time for you!