Add a comment | Friday, April 17, 2009
Both can be good deals but on average if the listing agent can get the approval from the bank to sell the house short of what is owed then most often it is at a discounted price, even below market in most cases. The downfall of course is the wait time and uncertainty that the deal goes through and gets accepted. Some bank owned homes are great buys as well and if negotiated right you can be moving in within weeks.
