Short Sale FAQs


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 you.

What is a short sale?
Simply put, a short sale is the sale of a property for less than what the owner still owes on the mortgage. It’s an alternative to foreclosure when a homeowner needs to sell and can no longer afford to make their mortgage payments.

Can any agent sell me a short-sale property?
No. While it’s not as challenging as you may think, a short sale can get a bit complicated, so it’s extremely important to find a real estate professional who’s experienced with these types of sales. In fact, more than any other type of residential real estate transaction, a short sale should be handled only by a real estate broker who has substantial experience with the short sale process, and a strong track-record of success in negotiating short sales for their clients.

Since 2003, Metrowest has been Denver’s premiere resource in short sale and REO properties. IF you’re a first-time buyer in the Denver metro area, we’d be happy to help you get started. Give us a shout today – we’d love to work with you!

Get More Real Estate Market Info... Subscribe Below!

Learn more about us and find other resources on buying investment properties with us. Like us, follow us, connect!

Leave a Reply

Your email address will not be published. Required fields are marked *