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Louisville KY Short Sales

How to sell your property using a Short Sale

A Short Sale is a home where the seller owes more on the home than the current market value.  Therefore, the bank has to approve a reduced payoff (short payoff sale) or the home cannot be sold.   It should be called a Long Sale because it takes a lengthy amount of time to process.  Generally it is about 8 weeks for the bank to get to the offer and make a decision whether or not to accept it or counter-offer and another 30 days after that before you close.

While purchasing a Short Sale property can be a time-consuming process, you can get a great deal on a home you love.

If you would hypothetically put a checkmark next to the following criteria, let a Red Edge agent help you search, tour, and negotiate an offer on a Louisville KY short sale:
  • Not in a hurry to purchase your next home
  • Comfortable with some uncertainty about that purchase
  • Willing to search through dozens of listings

You can click here to read more about the Short Sale process.
 

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You also have the opportunity to read through some facts, tips, and strategies pulled together from the best of the best to help you achieve a successful purchase of a Louisville KY Short Sale property.
 
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