Real estate gunslinger is a term coined by real estate agents to describe the person who sees the value in a property and buys it but doesn't want to pay the asking price. For the most part, there are two types of real estate gunslingers: a short-sale type and an outright sale type. A short-sale real estate gunslinger buys a property only to flip it for profit to the next buyer. An outright sale real estate gunslinger does not see value in the property and wants to get rid of it as quickly as possible.