Making An Offer On A Short Sale

Dated: 12/01/2016

Views: 776

Image title


Short sale properties can sometimes be listed below market value, but that doesn’t always mean that’s the price you end up paying. Short sales can be listed below market value with the intent of starting a bidding war, which increases the lenders chance of getting more money from the transactions.


According to Freddie Mac, to increase your chances of success, your offer needs to be competitive. In the case of a short sale, the offer may need to be closer to the actual market value of the property rather than the list price. Short sale listings are often priced low for the purpose of attracting multiple offers, but as we mentioned above, that doesn’t mean the property will sell at that listed price. Also, keep in mind that most banks will not evaluate the seller’s request for a short sale until there is an offer on the table.


The property’s market value can easily be gauged by looking at comparable homes that have sold in the area recently. In today's improving market, short sale prices have risen significantly, so remember to be realistic in the price you can afford and what you can really offer. An experienced real estate agent will provide the best advice about how to negotiate a reasonable sales price for short sales you may be interested in.


If you’re ready to start checking out short sales in the Denver area, Metrowest would love to help. 

We specialize in short sales and our experienced pros would love to help you start the process!

Michelle Moghazy

Michelle is a native of Denver, however just recently moved back Denver after living in Long Island , NY for the past 3 years. While in NY, she managed a portfolio of properties for a large NY invest....

Latest Blog Posts

Neighborhood Spotlight Castle Rock

While it’s experienced a tremendous amount of growth over the past several years, Castle Rock has somehow managed to keep that small-town feel. With a variety of independently owned shops,

Read More

Pace Of Resale Price Gains Slowing In Denver

For six consecutive months, year-over-year average gains in home-resale prices across metro Denver slowed slightly in July from the previous month's pace. However, the average resale prices in

Read More

20 Best Places For Families In Colorado

Washington, D.C.-based financial analyst site, Wallethub, recently released its report on the 20 best places to raise a family in Colorado, and you may be surprised at some of the contenders. The

Read More

House Prices Cooling In The Mile High But Inventory Remains Low

According to a monthly update from the Denver Metro Association of Realtors (DMAR), metro Denver’s heated housing market continued to show signs of cooling in August, with single-family home sales

Read More