WHAT TO EXPECT WHEN BUYING A SHORT SALE

Short sales can be a real deal, but they're slower than a standard purchase. We list short sales too, so we know how lenders review offers and what makes a package stall. Mile High Luxury, powered by Real Broker, LLC: 10+ years selling Denver real estate. Short sales are subject to lender approval; final price and terms are set by the lender.

Price

Short sales can price under comparable homes because the seller's lender wants the loan resolved, not maximized. The list price is a starting point; the lender has the final say.

Timeline

Plan on 30 to 120 days for lender approval. Buyers with flexible move dates win.

Condition

Most short sales sell as-is. Get an inspection, but expect few repairs from the seller.

Financing

Cash and pre-approved buyers get taken seriously. If you're financing, plan your rate lock around the lender's review time.