Short Sales

Short Sale homes are very popular in Richmond VA. Short Sales are properties in the preforeclosure status. In most cases the homeowner owes more than the property is worth, and so in order to sell, they need the bank to forgive a portion of the debt. These real estate transactions can be quite complicated as their are often many parties involved in the short sale approval. In many cases, it takes months before an offer on a short sale home can ever be approved. When this happens, buyers often move on and find other homes.

Richmond short sale homes can also result in subtantial deals for home buyers. Some of the times the guidelines banks have for approving short sales allows them to be approved for much less than the market value.

Short sale properties are almost always listed on the MLS. You can search Richmond Virginia Short Sales by using the MLS search form on the right.

Short Sale Homes in Richmond Virginia