X

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#: 840112
  • 15913 358th Ave SE Sultan, WA 98294
  • Status:Pending-Short Sale
  • Type: Single Family Home
  • Bedrooms:4
  • Bathrooms:3.0
  • SQFT: 2,727
  • Year Built:1991
  • View:Yes

AgencyOne
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#: 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#: 1164613
  • 22507 137th St NE Granite Falls, WA 98252
  • Status:Active
  • Type: Single Family Home , Manufactured Home
  • Bedrooms:3
  • SQFT: 1,404
  • Year Built:1997
  • Waterfront:Yes
  • View:Yes

Century 21 Northwest
Listing Courtesy: NWMLS
Primary Listing Image for MLS#: 1200400
  • 3301 71st Ave NE Marysville, WA 98270
  • Status:Pending Inspection
  • Type: Single Family Home
  • Bedrooms:3
  • Bathrooms:2.5
  • SQFT: 1,798
  • Year Built:1998

Vis A Vis Real Estate LLC
Listing Courtesy: NWMLS
Primary Listing Image for MLS#: 1145265
  • 3309 113th Ave NE Lake Stevens, WA 98258
  • Status:Pending BU Requested
  • Type: Single Family Home
  • Bedrooms:2
  • Bathrooms:1.5
  • SQFT: 848
  • Year Built:1928

Keller Williams Realty Bothell
Listing Courtesy: NWMLS
Primary Listing Image for MLS#: 1175275
  • 21628 47th St SE Snohomish, WA 98290
  • Status:Active
  • 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#: 1187640
  • 11931 SR 530 NE Arlington, WA 98223
  • Status:Pending
  • Type: Single Family Home
  • Bedrooms:5
  • Bathrooms:1.0
  • Year Built:1915

Realty One Group Preview
Listing Courtesy: NWMLS
Primary Listing Image for MLS#: 694144
  • 7810 56th Dr NE Marysville, WA 98270
  • Status:Pending-Short Sale
  • Type: Single Family Home
  • Bedrooms:5
  • Bathrooms:2.25
  • SQFT: 2,436
  • Year Built:1955
  • Waterfront:Yes

Keller Williams Rlty Marysvlle
Listing Courtesy: NWMLS
Primary Listing Image for MLS#: 1105232
  • 1611 177th Ave NE Snohomish, WA 98290
  • Status:Pending-Short Sale
  • Type: Single Family Home , Manufactured Home
  • Bedrooms:3
  • Bathrooms:2.0
  • SQFT: 1,296
  • Year Built:1990
  • View:Yes

Zati Realty Group, Inc.
Listing Courtesy: NWMLS