Short Sale Homes for Sale in South Florida
Homes listed for less than the mortgage balance, with the lender's approval still to come, straight from the MLS and updated throughout the day.
A short sale is a home worth less than what is owed on it, where the lender agrees to accept the sale proceeds and release its lien for less than the full balance. The owner still owns the home and still signs the contract, but the bank has a veto over the price, the closing costs and often the commission, and it exercises it slowly. Thirty to ninety days for an answer is normal, and a second mortgage or a mortgage insurer adds another approver to the chain. Buyers who do well here are the ones who can wait, who keep their financing alive through the delay and who have not already given notice on a rental. In exchange you often get a home in far better shape than a bank-owned one, because somebody has been living in it and maintaining it the whole time.
47 listings, newest first.
$620,000
16575 Cove Road, Westlake FL 33470
5 bd · 3.5 ba · 2,512 sq ft · Single Family Residence
$450,000
3472 NE 2nd Street, Homestead FL 33033
3 bd · 2 ba · 1,621 sq ft · Single Family Residence
$405,000
1672 Many Road, North Fort Myers FL 33903
3 bd · 3 ba · 2,805 sq ft · Single Family Residence
$425,000
2851 NE 42nd Avenue, Homestead FL 33033
3 bd · 2 ba · 1,443 sq ft · Single Family Residence
$432,500
134 NW Heather Street, Port St. Lucie FL 34983
4 bd · 3 ba · 2,546 sq ft · Single Family Residence
$597,000
11238 NW 56th Street, Doral FL 33178
4 bd · 3.5 ba · 1,808 sq ft · Townhouse
$424,900
4345/4347 Skyline Boulevard, Cape Coral FL 33914
0 ba · 2,334 sq ft · Duplex
$859,000
430 NE 29th Street 1203, Miami FL 33137
1 bd · 1 ba · 723 sq ft · Condominium
$610,000
1450 NW 35th Street, Miami FL 33142
0 ba · 1,825 sq ft · Duplex
$424,000
5603 White Cedar Lane, Tamarac FL 33319
2 bd · 2 ba · 2,123 sq ft · Single Family Residence
$455,000
9957 W Elm Lane, Miramar FL 33025
3 bd · 2 ba · 1,185 sq ft · Single Family Residence
$499,990
12505 SW 124th Court, Miami FL 33186
3 bd · 2.5 ba · 1,491 sq ft · Single Family Residence
$449,900
5261 KIM Court, West Palm Beach FL 33415
4 bd · 2 ba · 1,637 sq ft · Single Family Residence
$498,000
15860 KEY BISCAYNE Lane, The Acreage FL 33470
2 bd · 2 ba · 1,677 sq ft · Single Family Residence
$609,000
20302 NW 39th Court, Miami Gardens FL 33055
3 bd · 1 ba · 1,610 sq ft · Single Family Residence$1,399,000
418 NW 47th Street, Miami FL 33127
0 ba · 3,050 sq ft · Quadruplex
$484,999
1411 SE 26th Road, Homestead FL 33035
3 bd · 2.5 ba · 2,024 sq ft · Single Family Residence
$425,000
2309 Cody Street, Hollywood FL 33020
4 bd · 3 ba · 1,260 sq ft · Single Family Residence
$399,000
5021 S La Sedona Circle, Delray Beach FL 33484
3 bd · 2 ba · 1,484 sq ft · Townhouse
$600,000
15461 SW 173rd Lane, Miami FL 33187
3 bd · 3 ba · 1,906 sq ft · Single Family Residence
$570,000
762 NW 188th Drive, Miami Gardens FL 33169
3 bd · 2 ba · 1,896 sq ft · Single Family Residence
$585,000
240 E 39th Street, Hialeah FL 33013
3 bd · 2 ba · 1,940 sq ft · Single Family Residence
$390,000
8283 NW 39th Street, Coral Springs FL 33065
3 bd · 2 ba · 1,209 sq ft · Single Family Residence
$410,000
11902 SW 245th Terrace, Homestead FL 33032
3 bd · 2.5 ba · 1,695 sq ft · Townhouse
$700,000
857 WANDERING WILLOW Way, The Acreage FL 33470
4 bd · 3.5 ba · 2,384 sq ft · Single Family Residence
$500,000
1160 NW 20th Street, Fort Lauderdale FL 33311
3 bd · 2 ba · 1,876 sq ft · Single Family Residence
$686,900
398 NE 5th Street 2004, Miami FL 33132
1 bd · 1 ba · 443 sq ft · Condominium
$545,000
15809 NW 91st Court, Miami Lakes FL 33018
3 bd · 2.5 ba · 1,838 sq ft · Townhouse
$590,000
31 SE 5th Street 3916, Miami FL 33131
2 bd · 2.5 ba · 1,335 sq ft · Condominium
$500,000
6161 NW 44TH Terrace, Coconut Creek FL 33073
3 bd · 2.5 ba · 1,668 sq ft · Single Family Residence
$545,000
2535 NE 41st Avenue, Homestead FL 33033
4 bd · 2 ba · 2,160 sq ft · Single Family Residence
$390,000
281 NE 41st Street, Oakland Park FL 33334
3 bd · 2 ba · 1,140 sq ft · Single Family Residence
$575,000
3176 NE 4th Street, Homestead FL 33033
5 bd · 3 ba · 2,170 sq ft · Single Family Residence
$550,000
3649 SW 16th Street, Fort Lauderdale FL 33312
3 bd · 2.5 ba · 1,176 sq ft · Single Family Residence
$648,800
5861 SW 149th Court, Miami FL 33193
5 bd · 3 ba · 1,764 sq ft · Single Family Residence
$478,000
730 NE 58th Street, Oakland Park FL 33334
3 bd · 3 ba · 1,248 sq ft · Single Family Residence
$425,000
1360 NW 3rd Street, Florida City FL 33034
5 bd · 3 ba · 1,810 sq ft · Single Family Residence
$390,000
17210 NW 47th Avenue, Miami Gardens FL 33055
3 bd · 1 ba · 1,274 sq ft · Single Family Residence
$500,000
719 SW Andrew Road, Port St. Lucie FL 34953
4 bd · 3 ba · 2,065 sq ft · Single Family Residence
$1,499,000
, Miami FL 33145
5 bd · 5.5 ba · 2,540 sq ft · Single Family Residence
$550,000
, Miami FL 33177
3 bd · 2 ba · 1,403 sq ft · Single Family Residence
$494,000
1307 Tangled Orchard Trace, Loxahatchee FL 33470
3 bd · 2 ba · 1,952 sq ft · Villa
$457,000
1534 SW Abingdon Avenue, Port St. Lucie FL 34953
4 bd · 3 ba · 2,337 sq ft · Single Family Residence
$399,000
159 Kristi Drive, Indian Harbour Beach FL 32937
2 bd · 2 ba · 1,218 sq ft · Townhouse
$610,000
8953 SW 53rd Street, Cooper City FL 33328
3 bd · 2 ba · 1,745 sq ft · Single Family Residence
$390,000
10197 Eagle Creek Center Boulevard, Orlando FL 32832
2 bd · 2.5 ba · Townhouse
$569,000
23745 SW 108th Place, Homestead FL 33032
3 bd · 2 ba · 1,644 sq ft · Single Family Residence
Short Sales: Frequently Asked Questions
- How long does a short sale take?
- Plan for three to six months from contract to closing. The lender's loss-mitigation review alone typically takes thirty to ninety days, and every additional lienholder, mortgage insurer or investor approval adds to it. A short sale is the wrong purchase if you need to be in a home by a certain date.
- Is the list price the real price?
- Not necessarily. Until the lender reviews the file, the list price is the seller's agent's estimate of what the bank will take, and the bank can come back and demand more. We check whether the price has already been approved through a prior offer, which is the single best predictor of whether a short sale will actually close.
- Are short sales in better condition than bank-owned homes?
- Usually yes. The owner is still living there, the utilities are on, the appliances are in place and you get a real seller disclosure. The financial distress is in the mortgage, not necessarily in the house.
- Can I get a mortgage on a short sale?
- Yes. Because the home is generally in lendable condition, conventional, FHA and VA financing all work. The practical problem is the clock: a rate lock and a loan approval both expire, so your lender has to be one that understands short-sale timelines.
- Is a short sale the same as a pre-foreclosure?
- Most short sales are pre-foreclosures, because the owner is usually behind on payments or heading that way. The difference is that a short sale is on the market and a pre-foreclosure is often not. If you are the owner and you are behind, a short sale is one of the ways out, and we can walk you through it.
Facing foreclosure on your own home?
Selling before the judgment usually protects your credit better than losing the home at the clerk's sale, and where there is equity it puts the surplus in your pocket instead of the court registry. Find out what your home is worth today, request a cash offer, or read what your options are once you have been served.