WHAT'S BETTER TO BUY; SHORT SALE OR REO?

Some of the benefits of buying a short sale home over an REO (Real Estate Owned Property) are that in many cases because the homeowner still owns the home the properties are in better condition. The seller wants their home sold before the bank forecloses on it and in most cases will have it well kept during the short sale process while still living in it. This is not always the case but it is more likely that a South Florida Short Sale is in better condition than a South Florida REO. It's not unusual for me to preview a REO for a buyer and see every appliance yanked out, a green pool, dried out landscaping, etc. The process for buying a short sale is usually much longer than buying a foreclosure. We will often see much more negotiation and bank processing time when purchasing a short sale. Off to watch some play-off Basketball, Presson.