There are more and more short sales and bank owned foreclosures in the Flagstaff Real Estate Market. A short sale is where the bank is willing to take less money than owed so the house will sell. In part this is because the home maybe worth less in today's market. We are also seeing more general foreclosures. Some people think foreclosure = good deal. Not always, be sure you check with your realtor and have them pull comprable sales to make sure its a good deal. Some are, some aren't. A lot of people took out bad loans and can afford the home and now have been foreclosed on. In most of these instances, they have not paid the principal down and some properties are worth less than in 2005. So what do banks do? A short sale is one way. Check with http://www.villagelandshoppe.com or 928-525-1125 to see what deals are going on and if something is a deal.