Can you sell a Snohomish County or King County home during a short sale?
Yes, you can sell a home through a short sale, but it requires lender approval and careful coordination. A short sale allows the lender to accept less than what is owed on the mortgage. REALTOR® Marie‑Noelle Metseye helps homeowners navigate lender requirements, buyer expectations, and timelines so the process stays compliant and as smooth as possible.
What Is a Short Sale?
A short sale occurs when a homeowner sells their property for less than the total mortgage balance, and the lender agrees to accept the reduced payoff. Short sales are common when a home is underwater or the owner is experiencing financial hardship.
When a Short Sale Makes Sense
Short sales are often considered when:
• The mortgage balance exceeds market value
• The homeowner is facing financial hardship
• Foreclosure is a real risk
• Selling normally would not cover the loan payoff
Step 1: Confirm Eligibility With Your Lender
Each lender has specific short-sale requirements. Most require proof of hardship and a market-based listing price.
Common lender requirements include:
• Financial hardship documentation
• Bank statements and income verification
• A signed listing agreement
• A purchase offer at market value
Step 2: List the Home at Fair Market Value
Short-sale homes must be listed at realistic market value. Overpricing often leads to lender rejection and delays.
Step 3: Accept an Offer and Submit the Short Sale Package
Once an offer is accepted, the short-sale package is submitted to the lender for review and approval.
Step 4: Understand the Timeline
Short sales take longer than traditional sales. Approval timelines can range from several weeks to a few months.
Step 5: Prepare Buyers for the Process
Buyers must understand the waiting period and remain flexible. Clear communication helps prevent deal fallout.
Local Market Insight
Short sales still occur throughout Snohomish and King County, including Everett, Lynnwood, Bothell, Shoreline, Seattle, and Renton. Strong buyer demand means properly priced short sales continue to attract interest.
Conclusion: A Short Sale Is Possible With the Right Guidance
While short sales are more complex, they are absolutely possible. With proper pricing, documentation, and expert guidance, many homeowners sell successfully and avoid foreclosure. REALTOR® Marie‑Noelle Metseye provides steady, experienced support from listing through closing.
If you’re considering a short sale in Snohomish or King County, contact Marie‑Noelle for a confidential consultation.
