For what reason might a buyer choose to pursue a short sale?

A buyer might choose to pursue a short sale primarily to handle personal financial distress. This option indicates that the buyer is likely facing financial challenges, such as a significant decrease in income, mounting debt, or other economic hardships that make it difficult to keep their current home. A short sale allows the seller (who is usually in distress) to sell the property for less than what is owed on the mortgage, thereby avoiding foreclosure and its associated negative impacts on their credit and overall financial future.

In this context, the buyer benefits by potentially purchasing a home at a lower price compared to the market value, while also helping the seller to rectify their financial situation. This process can provide relief to both parties involved—making it a viable option for buyers who are considerate of the seller's predicament.

The other options, while they may be motivations for buyers in general, do not directly align with the unique circumstances that typically lead someone to consider a short sale. Reducing interest payments, taking advantage of low housing prices, or acquiring investment property reflects broader market strategies rather than addressing the specific need to manage financial distress that drives short sales.