KIRO Radio's Tom Kelly digs deep into the Puget Sound real estate market
Real Estate

Brokers curb short-sale stigma in listings

A short-sale "hassle" stigma in markets with high foreclosure rates is prompting brokers to state that the non-distressed home they're selling is "not a short sale."

According to a new study from Florida International University, homes listed as "not short sales" sold for 2 to 5 percent more than non-distressed homes that did not state that fact in the listing.

Homes listed as "not a short sale" also sold faster, selling about 10 to 15 percent faster than other similar properties, according to the study's author Ken H. Johnson, associate professor.

"In some areas, buyers are probably starting to believe that short sales mean a big hassle because they've heard horror stories about waiting months for one or more banks to sign off on the deal," Johnson said.

Top Stories

  • Making It Matter
    Cancer-fighting 14-year-old lives each day like it's the last with an army at his back

  • Plenty To Say
    Seahawk Richard Sherman had plenty to say Tuesday about the NFL and its 'hypocrisy'
ATTENTION COMMENTERS: We've changed our comments, but want to keep you in the conversation.
Please login below with your Facebook, Twitter, Google+ or Disqus account. Existing MyNorthwest account holders will need to create a new Disqus account or use one of the social logins provided below. Thank you.
comments powered by Disqus
Listen to the show
Hear Real Estate Today on KIRO Radio
Join Tom Kelly every Sunday at 9am on KIRO Radio to talk Puget Sound real estate.

Sign up for breaking news e-mail alerts from MyNorthwest.com
In the community
Do you know an exceptional citizen who has impacted and inspired others?
KIRO Radio and WSECU would like to recognize six oustanding citizens this year. Nominate them to be recognized and to receive a $2,000 charitable grant.