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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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Give me a call >  Use Google voice to connect you to Mike Hall, Red Edge's Principal Broker and Owner.
 


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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