Site updates every 15 minutes

Multi Search

Start by typing an MLS# or Address

What is a Short Sale?

Sell For Less Than Owed

Are you looking for a short sale definition? In the simplest terms, it means selling your property for less than the loan amount owed. When the homeowner and a buyer agree to a price less than the mortgage amount, sometimes a bank will release the property for the lower amount. The reason a lender would take less is because it helps all main parties involved - the seller, the buyer and the lender. If you own Branson real estate or Table Rock Lake real estate and you're considering foreclosure, please think about the possibility of a short sale.

Many people wonder why a lender would take less for property than what is owed? Simply put, foreclosure is expensive. Lenders are in the habit of lending money, not being landlords. Despite some homeowners misconceptions, the bank does not want your home. By doing a short sale you can alleviate the stress and burden of a foreclosure. While it's true that doing a short sale will most often show up as a negative mark on your credit score, it's not nearly as damaging today as a foreclosure. What makes a short sale difficult is often the timing. There is a certain window of opportunity for doing a short sale. That's why it's important to find the right Realtor who has the connections in the banking industry, as well as a knowledge of how short sales are handled.

Short Sale Specialist

I'm Charlie Gerken and I've been helping buyers and sellers with short sales when it comes to Branson real estate and Table Rock Lake real estate. If you're considering buying or selling a short sale home, please contact me for more information. There's no cost and no obligation to confidentially examine your situation. Get started by contacting me today.

Averages for Reeds Spring, Branson, Lampe, Hollister, Kimberling City, Branson West, Galena, Blue Eye, Kirbyville, Merriam Woods, Walnut Shade, Ridgedale, Forsyth, Powersite, Indian Point as of 01/22/2021

Average Property Stats
January 2021

Beds

3

Baths

2

SQFT

3516

Acres

12.2

Current Listings
January 2021

Average Sales Price
January 2021

$281.8K
$6 - $9.5M

Average Build Age
January 2021

1900 - 2021

Average Days on Market
January 2021

3
Days

Modify Search Criteria
Displaying results 1-1 of 1
5 Photos Branson, MO 65616


Branson, MO 65616
N/a
Residential

MLS# 60180961 / Active Short Sale
3 br, 2 ba, 1600 Sqft
Type: Single Family Residence

Modular is not secure and not in living condition. PROPERTY TO BE SOLD AS IS. Buyer to do own due diligence. Sold as a short sale. Seller may ca... 

More Details

$18,000

Let them come to you. Get new listings alerts by email.