Category: Short Sale

Avoid These Mistakes when Buying a Short Sale

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Purchasing a short sale can be a great way for buyers to break into homeownership. While the process can take a bit longer than traditional home sales, buying a short sale is appealing to many buyers for primarily one reason: price. While it’s possible to get a short sale at a great price, there is … Continued

What are the differences between a short sale and foreclosure?

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If you’re considering distressed properties – short sales, REO homes, foreclosures, etc. – you may be overwhelmed by the terminology and wondering the differences between these types of sales. While they all fall under the “distressed” umbrella, there are differences in each of these types of properties. Here we’ll give you a rundown of the … Continued

Avoid these Errors when Buying a Short Sale

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Short sales can be a fantastic deal for buyers – especially in areas where inventory is low (like Denver!) While they can take a bit longer than tradition sales, the process isn’t all that different or more challenging than purchasing any other property – if you avoid common mistakes. Below are a few things you’ll … Continued

Benefits of Buying a Short Sale

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For sellers, short sales are a favorable alternative to entering the foreclosure process. In a short sale, homeowners agree to sell a house for less than the amount owed on the mortgage loan. This type of sale requires the lender to approve of the deal. In addition to helping the seller protect their credit, short … Continued

How Long do Short Sales Take?

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With a name like “short sale”, you’d think the process would be quick. The “short” in “short sale”; however, actually refers to the amount of money the bank is willing to accept for it. In short sales, homeowners can no longer make payments and the bank agrees to a price that “falls short” of what … Continued

FAQs for Selling a Short Sale

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  We often talk to buyers about common questions that come up when purchasing a short sale property; however, sellers of these types of properties often have many questions as well. As the potential seller of a short sale, what can you expect? Here we’ll take a look at some of the most frequently asked … Continued

Short Sale FAQs

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Considering purchasing a short sale? For many it’s a great way to break into homeownership and possibly find a more budget-friendly deal – especially in a hot market like Denver. Here we’ll cover a few frequently asked questions about the short sales process. These may help you determine if a short-sale purchase is right for … Continued

Short Sale or Foreclosure – Which Should I Buy?

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In particularly hot housing markets like Denver, many buyers are including distressed (short sale, REO/foreclosure) properties in their searches. These types of properties can be great way to get your hat in the ring and begin building equity in your new home. But which type is best – a short sale or foreclosure? Honestly, there’s … Continued

Breaking Down Terms: Short Sale

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While Denver’s housing market has been a hotbed of activity regardless of season, historically we see an uptick in buying and selling during the spring season. While many new housing developments are popping up across the Front Range, Colorado has a variety of options for buyers, and one is the short sale. If you’re looking … Continued