Louisville KY Short Sales

Many things have changed in the real estate market recently and it can be a bit intimidating for a buyer. But if you understand a few key concepts, you are can be in the driver’s seat for a great deal on your next property.  One type of property sale you definitely want to understand is the short sale. 

View all Short Sales Below

If you want a home in the Louisville area, a short sale might be the right way for you to go.  A short sale refers to a property sale that provides the lender with less money than currently owed by the borrower.  It’s an agreement between the seller (borrower) and his/her lender that can prevent the home from going to foreclosure.Louisville Short Sales

A short sale can provide you with a once in a lifetime opportunity to buy a home at a bargain price.  This might mean more square footage, a better location or higher quality construction than you might otherwise find.  There are some distinct advantages of a short sale over foreclosure too.

Short sale homes are often in better condition than foreclosures because the previous owner sought to sell before they defaulted. That often means they have done a better job maintaining their home until they listed the property too.

How can you ensure that the short sale property that interests you is in good condition? Make a successful home inspection by a reputable firm part of your offer on the home.  Be aware that the lender may be in too much of a hurry for this, but the purchase price will often be low enough to make your risk worthwhile.

If you want to purchase a home in this favorable market, a short sale may well get you much more house for your money. Know the risks. See professional advice and you may well be in your dream home before you know it.

These Louisville Short Sales are updated every day from the  Louisville KY MLS. If you would like more information on any of these Louisville Short Sales for sale, just click the "Request More Information" button when viewing the details of that property. We can provide you with disclosures, past sales history, dates and prices of homes recently sold nearby, and more.

And, if you haven't already, be sure to register for a free account so that you can receive email alerts whenever new Short Sales come on the market.

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$469,000
Bedrooms: 5
Baths: 5
Approx Sq Ft: 5160
302 Locust Creek Blvd
Louisville, KY 40245
MLS #: 1471497
Subdivision: locust creek
Great opportunity.. Must close with Beth Rojas Agency Title / NO POWER AT THIS TIME... show early.. Short sale is in progress with lender. One loan. Buyer is...
Contact The Sokoler Medley Team at (502) 376-5483 to inquire about this property.
Listing provided courtesy of Re/Max Associates Of Louisville
$300,000
Bedrooms: 4
Baths: 4
Approx Sq Ft: 4500
200 Mason Ln
Sparta, KY 41086
MLS #: 1470247
1.56 Acres. 1st Flr Master. 4 Bedroom 2 Story w/ Both Front & Back Porch. Oversized 2 Car Garage. Huge Country Kitchen- Perfect for Family Dinners! Large 1st...
Contact The Sokoler Medley Team at (502) 376-5483 to inquire about this property.
Listing provided courtesy of Huff Realty
$259,900
Bedrooms: 4
Baths: 4
Approx Sq Ft: 3362
5131 Oaklawn Park Dr (Pending)
Louisville, KY 40299
MLS #: 1444755
Subdivision: saratoga woods estates
Short sale. Third party approval required. House located in the estate section of the desirable Saratoga Woods Subdivision! Remarkable 2 story home offering 4...
Contact The Sokoler Medley Team at (502) 376-5483 to inquire about this property.
Listing provided courtesy of Gilezan Realty
$245,000
Bedrooms: 3
Baths: 2
Approx Sq Ft: 1720
389 W Woodlake Cir (Under Contract)
Mt Washington, KY 40047
MLS #: 1464999
Subdivision: woodlake
ACCEPTED OFFER 3/30/17 PENDING BANK APPROVAL*This is a SHORT SALE* This bright and open ranch welcomes you into the living and dining room with soaring 12 ft...
Contact The Sokoler Medley Team at (502) 376-5483 to inquire about this property.
Listing provided courtesy of Pcs Real Estate
$239,999
Bedrooms: 3
Baths: 2
Approx Sq Ft: 2464
1834 Sherwood Ave (Pending)
Louisville, KY 40205
MLS #: 1455420
Subdivision: deer park
SHORT SALE - This lovely home in the Highlands will go fast. Nice open layout. Open floor plan with oversized rooms and high ceilings. Newly installed...
Contact The Sokoler Medley Team at (502) 376-5483 to inquire about this property.
Listing provided courtesy of Alliance Realty, Llc
1834 Sherwood Ave Louisville, KY 40205
$230,000
Bedrooms: 3
Baths: 2
Approx Sq Ft: 2464
1834 Sherwood Ave (Under Contract)
Louisville, KY 40205
MLS #: 1472936
Short sale subject to lender third party approval. Closing to be held at Agency Title, sold as-is.
Contact The Sokoler Medley Team at (502) 376-5483 to inquire about this property.
Listing provided courtesy of Berkshire Hathaway Homeservices, Parks & Weisberg Realtors
$229,000
Bedrooms: 3
Baths: 2
Approx Sq Ft: 2066
9412 Chanteclair Dr (Pending)
Prospect, KY 40059
MLS #: 1452212
Subdivision: wolf trace
Spacious Ball Homes split bedroom plan ranch with bonus front 'gazebo room' gives you about 2000 square feet+/- on a single level home! And there is added...
Contact The Sokoler Medley Team at (502) 376-5483 to inquire about this property.
Listing provided courtesy of Semonin Realtors
$214,000
Bedrooms: 3
Baths: 4
Approx Sq Ft: 2500
9400 Farmstead Ln
Louisville, KY 40291
MLS #: 1461524
Subdivision: seaton place
SHORT SALE. It's back again! Great opportunity! ALLOW 3-4 months to close. Great condition, needs some decorating. Stately home situated on a corner lot with...
Open House:  Sunday, April 23, 2017 from 2:00 PM - 4:00 PM
Contact The Sokoler Medley Team at (502) 376-5483 to inquire about this property.
Listing provided courtesy of Weichert Realtors-Abg Properties
$200,000
Bedrooms: 3
Baths: 3
Approx Sq Ft: 2282
6309 High Ridge Dr (Pending)
Pendleton, KY 40055
MLS #: 1468414
Subdivision: oldham hills
Short Sale, the bank's loss is your gain! OLDHAM COUNTY!! Total 5 acres of which over 4 acres are wooded. Beautiful setting! 3 bedrooms, 2.5 bathrooms, 2 car...
Contact The Sokoler Medley Team at (502) 376-5483 to inquire about this property.
Listing provided courtesy of Priority 1 Real Estate
306 Castleton Ct Vine Grove, KY 40175
$200,000
Bedrooms: 5
Baths: 2
Approx Sq Ft: 3382
306 Castleton Ct (Pending)
Vine Grove, KY 40175
MLS #: 1448414
Subdivision: castleton
Beautiful home in a desirable neighborhood. Home is being sold as a SHORT SALE! Subject to 3rd party approval. Property is being sold as-is.
Contact The Sokoler Medley Team at (502) 376-5483 to inquire about this property.
Listing provided courtesy of Alliance Realty, Llc
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LOUISVILLE Market Trends

Total Properties Listed: 8,680
Month-Over-Month Change: 51.35%
Average Days On Market: 120
Total New Properties Today: 8
Median List Price: $164,900
Month-Over-Month Change: 5.10%