Making An Offer On A Short Sale

Dated: 12/01/2016

Views: 997

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!

Blog author image

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

Denver Market Sees Cool Down In September

According to a recent report from the Denver Metro Association of Realtors (DMAR), Denver metro home inventory is up 7 percent from last month, and more than 16 percent year over year. That’s

Read More

Denver Sellers Market Shifting To Buyers

Housing inventory continues to be in an issue in Denver, which often puts sellers at an advantage. As inventory numbers are slowly creeping up in the Mile High City, industry pros are seeing

Read More

What Colorado Zip Code Is Second Hottest In The Nation

According to Realtor.com, our very own Colorado Springs came in second on the “2018 Top 10 Hottest ZIP Codes” list. The rankings come from an analysis of 32,000 ZIP codes, based on the time it

Read More

Broomfield And Highlands Ranch Make Best Place To Live In America List

Two of Denver’s suburbs made the "Best Places to live in America" list, compiled by Money magazine and Realtor.com. Highlands Ranch came in at #8, while Broomfield took the #18 spot.According to

Read More