Short Sales

Have you been thinking about purchasing a distressed home? 

There are two ways to purchase distressed properties: short sales and foreclosures. Currently in the Denver market there is a small supply of either type of distressed property but of the two, short sales are in higher supply. A short sale is when the borrower owes more on the home than what it is worth and the bank agrees to allow the borrower to sell the property for less than the amount owed. The price of the home will need to be approved by the bank and because of this, the short sale process can be rather long. If a buyer has the time and patience, a short sale may be a great option. Often times short sales allow the home to be purchased at a discount and are in better condition than a foreclosed home since it is still owned by the home owner. 

Thinking of purchasing a short sale? Contact your real estate agent to discuss possible short sales in your market.

In addition to writing for Daigle's Digs, Elizabeth works full-time as a Real Estate Agent with Keller Williams Realty Downtown, LLC. Elizabeth's expertise is in buying and selling a home, first time home buyers, short sales, and investment properties. Contact Elizabeth for any real estate needs. Cell 303-819.73.71. Work 720-314-8352.