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Tagged : virginia short sale advice
There are currently 5 blog entries matching this tag.
Friday, May 1st, 2009 at 10:03am. 2425 Views, 9 Comments.
Latest Market Trends for Arlington Virginia Mortgages and Appraisals
Being a real estate blogger I'm on the front end of the market on many fronts. Telling people towards end of 2005 to NOT BUY ANY new construction Arlington condos was an example as well as my warning that prices would fall big time in North Springfield real estate due to a 40% swell in inventory a couple years ago. When you blog about the local Northern Virginia real estate market and Arlington you have to stay on top of things. Not to mention the JustNewListings.com team has about 6 homes under contract right now so we've got our pulse on the market more so than other realtors.
I've seen a lot of low appraisals this year and a lot of late appraisals as of the last few weeks. My…
Thursday, April 23rd, 2009 at 6:33am. 15484 Views, 2 Comments.
Update on Virginia Short Sales--Good, Bad & Ugly Curveballz!
Quick History of Short Sales in Northern Virginia
When I first wrote about Northern Virginia short sales October 2007 (scroll to bottom of article for bulleted advice) they truly were the wild wild west of real estate. I mean seriously there were no rules and the best advice was run like heck away from any and every short sale. The norm was a desperate seller looking for a guinea pig contract to take to their bank and bef for mercy asking the bank to accept less than the balance on the mortgage note. The bank would take 4-12 weeks to respond to the contract on the table while the buyer hung in limbo so they could almost always receive a resounding "No!" from the bank. So the…
Wednesday, February 4th, 2009 at 8:12am. 1799 Views, 1 Comments.
Investor Alert for Arlington Condo Investment Property
Occassionally I stumble across listings that strike me as compelling investment opportunities or good deals for buyers looking for primary residence. So I've decided to add a category to this blog on just that "Investor Alert / Deal of Week" for occassionally putting these compelling properties out there for you.
So you see this is a compelling gaze at investors to say what are you going to do about it this opportunity. When I flickered "compelling" I got that and selected it over this for obvious reasons. There is a difference between a compelling gaze and a pshycho gaze you see when it comes to real estate investments....And with the new site I might make it possible to subscribe to an…
Wednesday, June 4th, 2008 at 2:42pm. 2555 Views, 3 Comments.
Foreclosure Supply Quickly Decreases in Northern Virginia in Prince William, Fairfax & Loudon County
I've had a lot of people in interested in foreclosures the past 6 months. Often people ask me about them when looking for Clarendon real estate and I have to tell them sorry, but they are few and far between on the orange line. When you compare Arlington to other counties in terms of the # of foreclosures as a percentage of the inventory it's amazing how Arlington VA in practically foreclosure free in comparison.
In the past 18 months real estate in Washington DC metro and Northern Virginia went from 87th out of top 100 metropolitan markets up to #22. So the area ended up with nearly 16,000 foreclosures listings. Like everything though…
Tuesday, October 9th, 2007 at 3:13pm. 12002 Views, 14 Comments.
What the Heck is a Short Sale in Northern Virginia?"What the heck is a short sale?" is a question many buyers, sellers, lenders and REALTORS are trying to figure out these days. It's the wild, wild west of northern virginia real estate or Arlington real estate where any party can just throw up a listing calling it a "short sale" and then make up the rules from there. I was involved with 3 short sale situations today with different clients. So what is the difference between a regular sale and a short sale?
As of writing this article there are 17 short sales going on in Arlington VA real estate: short sales in arlington. This is out of 980 listings.So they represent a small portion of the Arlington Virginia real estate listings. It…
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