Conventional wisdom is that the currently real estate market is heavily in favor of the Buyer and that it is not the time to sell. However, now is the best time to sell your home if you are in a tough situation and want to avoid foreclosure.

When a lender forecloses on a property, they immediately list it with a Denver Realtor and attempt to resell it. In almost every case a foreclosure property sells at a deep discount. This means that the original lender looses money on the deal by foreclosing. This has motivated almost every lender to go to great lengths to avoid, or to at least mitigate against foreclosures.

An example of a lender mitigating the loss of a foreclosure and an example of why now is the best time to sell your home if you are facing foreclosure is the short sale. Essentially, the short sale is a real estate transaction in which the owner is in danger of foreclosure, has a buyer, and the lender agrees to take less than what is owed on the current mortgage note as the sale price.

While the lender does agree to take a loss on what is owed, the short sale allows them to control the loss and allows them to recoup more of their investment than if they foreclosed and resold the property. This is very attractive to homeowners facing foreclosure, because it makes it a lot easier for them to get out from under the loan. For them, now is the best time to sell their home