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The real estate industry has been throwing around the term "short sale" as if it is common knowledge because it has become a common scenario.

Short sale refers to a sale where the owner of the home needs to sell, but owes more than their home is worth. In other words, the balance on their mortgage plus the cost to sell is more than the buyer's in the current market are willing to pay.

Before the owner can sell their home, they must obtain permission from the bank or banks that have liens on the property. Many circumstances cause the seller to be in this situation, i.e. job loss, job transfer, death in the family, health issues, etc. In general, the homeowners are in a predicament that cannot be resolved easily.

  • Long Process that can take many months.
  • Expect delays and no responses.
  • No guarantees.

If Buying...

    Lower average sale price. Condition of the home may be worse as the owners may have had to defer maintenance. "Hurry up and wait!" will be your motto.

If Selling...

  • Avoid foreclosure.
  • Credit is affected less.
  • Relief from monthly payments.
  • Relief from pending maintenance.
Powered by Preview Properties, LMS, Inc.
Primary Listing Image for MLS#: 1092700
  • 1959 NW Sherman Hill Rd Poulsbo, WA 98370
  • Status:Pending BU Requested
  • Type: Single Family Home , Manufactured Home
  • Bedrooms:3
  • Bathrooms:2.0
  • SQFT: 1,440
  • Year Built:1977

RE/MAX Eastside Brokers, Inc.
Listing Courtesy: NWMLS
Primary Listing Image for MLS#: 1434987
  • 1528 Sdodohobc Place Tulalip, WA 98271
  • Status:Pending
  • Type: Single Family Home
  • Bedrooms:3
  • Bathrooms:2.0
  • SQFT: 1,248
  • Year Built:1996

Northpoint Realty, LLC
Listing Courtesy: NWMLS
Primary Listing Image for MLS#: 1401178
  • 17925 Marine Dr Stanwood, WA 98292
  • Status:Pending-Short Sale
  • Type: Single Family Home , Manufactured Home
  • Bedrooms:3
  • Bathrooms:2.0
  • SQFT: 1,346
  • Year Built:1979

Keller Williams Rlty Marysvlle
Listing Courtesy: NWMLS
Primary Listing Image for MLS#: 641163
  • 19516 131st Place NE Granite Falls, WA 98252
  • Status:Pending BU Requested
  • Type: Single Family Home , Manufactured Home
  • Bedrooms:3
  • Bathrooms:2.0
  • SQFT: 1,178
  • Year Built:2007
  • View:Yes

RE/MAX Eastside Brokers, Inc.
Listing Courtesy: NWMLS
Primary Listing Image for MLS#: 1323765
  • 813 Evergreen Wy Gold Bar, WA 98251
  • Status:Pending
  • Type: Single Family Home
  • Bedrooms:3
  • Bathrooms:2.0
  • SQFT: 1,074
  • Year Built:1992

KW Everett
Listing Courtesy: NWMLS
Primary Listing Image for MLS#: 1435921
  • 2026 Lake Heights Dr Everett, WA 98208
  • Status:Pending-Short Sale
  • Type: Single Family Home
  • Bedrooms:3
  • Bathrooms:2.0
  • SQFT: 1,812
  • Year Built:1960

Ara Realty
Listing Courtesy: NWMLS
Primary Listing Image for MLS#: 1239597
  • 21628 47th St SE Snohomish, WA 98290
  • Status:Pending-Short Sale
  • Type: Single Family Home
  • Bedrooms:2
  • Bathrooms:1.0
  • SQFT: 1,352
  • Year Built:1992

John L. Scott Lake Stevens
Listing Courtesy: NWMLS
Primary Listing Image for MLS#: 1420534
  • 7615 59th Ave NE Marysville, WA 98270
  • Status:Pending Inspection
  • Type: Single Family Home
  • Bedrooms:3
  • Bathrooms:1.0
  • SQFT: 1,056
  • Year Built:1952
  • View:Yes

Homes & Equity Real Estate Grp
Listing Courtesy: NWMLS
Primary Listing Image for MLS#: 1376366
  • 1031 Park Cir Bothell, WA 98021
  • Status:Pending-Short Sale
  • Type: Single Family Home , Manufactured Home
  • Bedrooms:3
  • Bathrooms:2.0
  • SQFT: 1,512
  • Year Built:1978

Windermere Real Estate Co.
Listing Courtesy: NWMLS
Primary Listing Image for MLS#: 1249011
  • 9519 4th Ave NW Seattle, WA 98117
  • Status:Pending BU Requested
  • Type: Single Family Home
  • SQFT: 1,780
  • Year Built:1942

Lumin Brokers
Listing Courtesy: NWMLS

Listings provided courtesy of Northwest Multiple Listing Service (NWMLS). All information provided is deemed reliable but is not guaranteed and should be independently verified. 3 tree icon refers to an NWMLS listing.

"3 tree" icon designates the listing as a NWMLS listing.