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Short Sales - Birmingham Alabama Real Estate Market

Short Sales

What Is A Short Sale?

A short sale is when the home owner’s mortgage company will consider accepting less than what the current homeowner owes on the property.  In some cases, the mortgage company will pre-approve the list price.  This usually happens with a HAFA short sale. But for the vast majority of the time, it is likely that the mortgage company did not pre-approve the list price.  In cases like this, it is of paramount importance that you review the comps for the short sale listing with your agent.

The bottom line is that no matter what the list price is, the mortgage company will seek net an amount that is well  within line with current comps (market value). If the listing agent has grossly underpriced the home, it’s highly likely that the mortgage company will reject a lower than market value offer based on the comps that they’ve acquired.

So be sure your agent explains this to you and that you know the difference between list price and market price.  Check out these short sale listings.

  1. 4 beds, 2 baths
    Home size: 1,808 sq ft
    Year built: 1976
    Days on market: 287
  2. 2 beds, 2 baths
    Home size: 1,290 sq ft
    Year built: 2012
    Days on market: 290
  3. 2 beds, 3 baths
    Home size: 1,406 sq ft
    Year built: 1983
    Days on market: 290
  4. 4 beds, 3 baths
    Home size: 2,357 sq ft
    Year built: 1965
    Days on market: 290
  5. 3 beds, 2 baths
    Home size: 979 sq ft
    Year built: 1960
    Days on market: 291
  6. 3 beds, 3 baths
    Home size: 2,080 sq ft
    Year built: 1951
    Days on market: 293
  7. 3 beds, 3 baths
    Home size: 1,708 sq ft
    Year built: 1987
    Days on market: 296
  8. 2 beds, 3 baths
    Home size: 1,346 sq ft
    Year built: 1981
    Days on market: 298
  9. 1 bed, 1 bath
    Home size: 733 sq ft
    Year built: 1983
    Days on market: 299
  10. 3 beds, 3 baths
    Home size: 1,472 sq ft
    Year built: 1988
    Days on market: 299
  11. 3 beds, 2 baths
    Home size: 1,123 sq ft
    Year built: 1975
    Days on market: 299
  12. 3 beds, 2 baths
    Home size: 1,790 sq ft
    Year built: 1978
    Days on market: 299
  13. 2 beds, 2 baths
    Home size: 1,915 sq ft
    Year built: 2010
    Days on market: 300
  14. 4 beds, 3 baths
    Home size: 2,000 sq ft
    Year built: 1998
    Days on market: 301
  15. 4 beds, 3 baths
    Home size: 2,762 sq ft
    Year built: 1978
    Days on market: 303
  16. 2 beds, 3 baths
    Home size: 1,410 sq ft
    Year built: 1989
    Days on market: 304
  17. 2 beds, 2 baths
    Year built: 1972
    Days on market: 306
  18. 4 beds, 2 baths
    Home size: 1,914 sq ft
    Year built: 1963
    Days on market: 306
  19. 4 beds, 3 baths
    Home size: 2,406 sq ft
    Year built: 1952
    Days on market: 306
  20. 2 beds, 2 baths
    Home size: 1,492 sq ft
    Year built: 2005
    Days on market: 309
  21. 2 beds, 3 baths
    Home size: 1,430 sq ft
    Year built: 1981
    Days on market: 310
  22. 7 beds, 5 baths
    Home size: 3,263 sq ft
    Year built: 2005
    Days on market: 310
  23. 4 beds, 5 baths
    Home size: 3,661 sq ft
    Year built: 2003
    Days on market: 310
  24. 3 beds, 2 baths
    Home size: 1,224 sq ft
    Year built: 1974
    Days on market: 311
  25. 3 beds, 2 baths
    Home size: 1,387 sq ft
    Year built: 1974
    Days on market: 315
  26. 2 beds, 1 bath
    Home size: 955 sq ft
    Year built: 1964
    Days on market: 315
  27. 4 beds, 4 baths
    Home size: 2,680 sq ft
    Year built: 1978
    Days on market: 315
  28. 5 beds, 4 baths
    Home size: 3,340 sq ft
    Year built: 1998
    Days on market: 316
  29. 3 beds, 3 baths
    Home size: 1,812 sq ft
    Year built: 1976
    Days on market: 318
  30. 3 beds, 3 baths
    Home size: 1,650 sq ft
    Year built: 1960
    Days on market: 318
  31. 4 beds, 4 baths
    Home size: 2,419 sq ft
    Year built: 1958
    Days on market: 319
  32. 3 beds, 2 baths
    Home size: 1,459 sq ft
    Year built: 1978
    Days on market: 320
  33. 5 beds, 5 baths
    Home size: 2,925 sq ft
    Year built: 2015
    Days on market: 327
  34. 3 beds, 3 baths
    Home size: 1,280 sq ft
    Year built: 1917
    Days on market: 347
  35. 3 beds, 3 baths
    Home size: 1,520 sq ft
    Year built: 1974
    Days on market: 348
  36. 4 beds, 3 baths
    Home size: 2,344 sq ft
    Year built: 1970
    Days on market: 350
  37. 3 beds, 4 baths
    Home size: 2,350 sq ft
    Year built: 1969
    Days on market: 357
  38. 3 beds, 3 baths
    Home size: 1,896 sq ft
    Year built: 1976
    Days on market: 360
  39. 3 beds, 3 baths
    Home size: 1,700 sq ft
    Year built: 1995
    Days on market: 362
  40. 3 beds, 3 baths
    Home size: 1,419 sq ft
    Year built: 1981
    Days on market: 364
  41. 3 beds, 2 baths
    Home size: 1,656 sq ft
    Year built: 1977
    Days on market: 369
  42. 2 beds, 2 baths
    Home size: 1,477 sq ft
    Year built: 2008
    Days on market: 404
  43. 3 beds, 3 baths
    Home size: 1,906 sq ft
    Year built: 2011
    Days on market: 406
  44. 4 beds, 3 baths
    Home size: 2,817 sq ft
    Year built: 2013
    Days on market: 421
  45. 1 bed, 1 bath
    Home size: 625 sq ft
    Year built: 1974
    Days on market: 428
  46. 3 beds, 4 baths
    Home size: 2,930 sq ft
    Year built: 2005
    Days on market: 430
  47. 4 beds, 4 baths
    Home size: 3,218 sq ft
    Year built: 1965
    Days on market: 433
  48. 5 beds, 6 baths
    Home size: 3,492 sq ft
    Year built: 2016
    Days on market: 439
  49. 2 beds, 3 baths
    Home size: 1,715 sq ft
    Year built: 1991
    Days on market: 454
  50. 4 beds, 6 baths
    Home size: 5,394 sq ft
    Year built: 0
    Days on market: 473

See all Short Sales.
(all data current as of 1/22/2018)

Listing information deemed reliable but not guaranteed. Read full disclaimer.