How Long Does a Short Sale Take? A Realistic Timeline

One of the biggest concerns homeowners have when considering a short sale is how long the process will take. Unlike a traditional sale, short sales require lender approval, which can add extra time. So, how long does it really take? Let’s break it down.

Typical Short Sale Timeline: 3-6 Months

While every case is different, most short sales take three to six months from listing to closing. Some can take longer, depending on lender responsiveness and buyer patience.

Step-by-Step Short Sale Timeline

📅 Week 1-2: Hire a Short Sale Specialist & Gather Documents

A short sale is not a DIY process—you need an experienced agent (like me!) who understands how to negotiate with lenders. The first step is gathering financial documents like:

✔️ Hardship letter

✔️ Mortgage statements

✔️ Proof of income & bank statements

📅 Week 3-4: List the Home & Receive Offers

Once your home is listed, buyers will submit offers. The strongest offers come from buyers who understand short sales take longer than normal sales.

📅 Week 5-12: Lender Review & Approval Process

This is where patience is required. The lender will:

✔️ Review the offer & financial documents

✔️ Order an appraisal to determine market value

✔️ Decide if they will accept the short sale

This step can take anywhere from 30 to 90 days depending on the lender.

📅 Week 13-16: Buyer Due Diligence & Closing

Once the lender approves the short sale, the buyer completes their financing, inspections, and appraisal. From there, the closing process takes about 30 days.

What Can Delay a Short Sale?

⏳ Unresponsive lenders

⏳ Multiple lien holders (ex: second mortgages, HELOCs)

⏳ Missing paperwork

⏳ Lowball offers the lender rejects

How to Speed Up a Short Sale

✔️ Work with a short sale expert (I know how to keep lenders moving!)

✔️ Submit complete paperwork upfront

✔️ Choose a patient & qualified buyer

Start Your Short Sale Process Now—Time Matters!

A short sale takes time, but waiting too long can limit your options. Don’t let foreclosure be your only choice! Let’s start the process now and find the best solution for your situation. Let’s get started before time runs out!

📞 Call/Text: 469-855-0199

📧 Email: Dawn@ElevatedRealtyGroup.net