Sherwood Area Short Sale Overview

(Confidential Solutions for Our Clients)



Sherwood area short sales are not like the normal home sale process. Before considering the purchase or sale of a short sale in Sherwood or the surrounding area, it is vital that you understand what they are and what the process involves. The following is some basic advice on real estate involving short sales from Sherwood area Realtors who are qualified to be of assistance.

Sellers who are struggling to make their mortgage payments should know there are helpful solutions and alternatives other than loosing their home in Sherwood or the surrounding area to foreclosure.  If you're in need of immediate assistance, contact The Gardner Team at 971-832-1234 for further assistance with your specific short sale needs.  Our team of qualified experts are here to be of service, answer any questions you may have and help you to protect your future.



What is a Short Sale

A short sale means the seller's lender is accepting a discounted payoff to release an existing mortgage. Just because a property is listed with short sale terms does not mean the lender will accept your offer, even if the seller accepts it.

Be aware that the seller need not be in default -- to have stopped making mortgage payments -- before a lender will consider a short sale. A lender may consider a short sale if the seller is current but the value has fallen. The seller may have over-encumbered, owe more than the home is worth, so a discounted price might bring the price in line with market value, not below it.

A short sale typically is executed to prevent a home foreclosure. Often a bank will choose to allow a short sale if they believe that it will result in a smaller financial loss than foreclosing. For the home owner, the advantages include avoidance of having a foreclosure on their credit history. Additionally, a short sale is typically faster and less expensive than a foreclosure.

When you spot a short sale house that interests you, take your hand off the mouse and step away from the computer. Before you get all excited over the prospect of buying that short sale house, pick up the phone and call your real estate agent. Your agent needs to research that short sale listing first.

In some real estate markets, fewer than one in 10 short sales close. Just because that home is listed as a short sale doesn't mean it's really for sale (because it's subject to lender approval), nor does it mean it will sell at the advertised price. Here are 6 things you need to know before trying to buy that short sale.

Hire an Experienced Agent

Buying and selling a Short Sale is not as easy as you might think. You need to hire an experienced Short Sale agent before you enter the Short Sale arena.  Whether you're buying or selling, having an expert at your side is critical to the success of your transaction.  Simply put, Short Sales require real experience. 

An agent with experience in short sales will help to expedite your transaction and protect your interests. You don’t want to miss any important detail due to inexperience or find out your transaction is not going to close on time because no one has followed up in a timely manner.  Your Short Sale experienced Realtor is your advocate.  Trained in understanding the myriad of details that come with the territory while guiding you through the in's and out's of the Short Sale process.

The Gardner Team has a proven track record helping buyers and sellers successfully though the short sale process.  Our Short Sale experience includes all price ranges as we've helped close Short Sales from $100,000 to $1,000,000.  As an example, in 2009 we successfully listed and from start to finish closed a $950,000 dollar luxury listing in just 45 days.  Again, Short Sales typically take longer, much longer. But we do have the experience and resources to handle each respective situation to the best of their ability.

10 Things The Gardner Team Can Help You With (including, but not limited to)

  • Determine if you qualify for a short sale
  • Hardship packages
  • Comparable Market Statistics
  • Working with different lenders and banks
  • Submitting documentation and purchase offer to lender
  • What to know before trying to buy a short sale
  • The process and time involved purchasing a short sale
  • Managing the short sale transaction
  • Obtaining a home inspection 
  • Watching out for your best interest


Jason H. Gardner Principal Broker
Direct: 971-832-1234 E-mail:
Amber R. Gardner Director of Marketing / Broker
Direct: 971-832-1235 E-mail:
Office Address:
16227 SW 1st Street - by appointment Sherwood , OR, 97140
Jason H. Gardner & Amber R. Gardner
The Gardner Team with Hasson Company Realtors
16227 SW 1st Street - by appointment
Sherwood , OR 97140 US