Three Great Reasons You Would Buy a Short Sale!

Three Reasons to Buy a Short Sale

Many buyers are concerned when they see a short sale. And there are reasons to be more aware of what buying a short sale involves. But there are some very valid reasons to decide to pursue buying a short sale!!

You Fell in Love with the Home!

This is obviously a good reason to pursue buying a short sale! People have the misconception that short sales are broken and worn down homes that are undesirable and that is why they are being sold as a short sale. But this is false! A home being sold as a short sale could be a very well loved and up kept home! And even if it needs some updates or extra care, it may be the perfect size and location for your family and is worth putting some equity into it!

It is a Good Deal!

Some short sales are priced below market value and you are able to get them for less than they are worth. This is not usually the case because the bank is trying to make back as much as they can and not lose money! But they also do not want a house sitting for months or going into foreclosure. So as long as you have a good realtor who is familiar with short sales and negotiating with the bank, they may be able to help get the best price for the property!

Less Competition!

Being under priced is not the only reason a home could be a good deal. If there are few homes on the market or it is a very competitive market with buyers snatching up homes as soon as they are listed, then a short sale may be a great way for you to go! Many buyers are uneducated about the short sale process and therefore will steer clear of them. Which will mean less interest in an otherwise competitive market!

If you are in a possible short sale situation and want to get more information about the process, please call us. We would like to help you understand what you need to know about a short sale and if you qualify! We have successfully sold over 350 short sales! Yours may be next!

Jennifer Young Homes

Keller Williams Realty

(703) 774-9572

Gainesville Townhouse Short Sale Under Contract!

8881 SCREECH OWL CT, GAINESVILLE, VA 20155

REDUCED! 4 bedroom, 3.5 bath home with 2 car attached garage in fantastic community! Hardwood flooring, crown molding on main level. Living rm opens to kitchen with corian counters, island, breakfast bar and newer SS fridge & leads to deck. MBR has WI closet, full bath w/soaking tub, sep shower, double vanity. BR level laundry. Finished LL with large rec room, full bath walks out to brick patio!

There is almost always an audible sigh of relief from our short sale clients when they get a contract on their home. Even though the process still continues because in many cases, we have to go to the bank to negotiate with them to accept that offer. There is still such great relief that there is a light at the end of the tunnel for this frustrating financial situation.

Being underwater on your home can feel like such a burden. If you owe more on your home than it is worth and you live in the Northern Virginia, DC metro area, please give our team a call. We would love to talk you through the process and see if you qualify for a short sale. We have successfully sold over 350 short sales and would love to make yours a success story too!

Jennifer Young Homes

Keller Williams Realty

(703) 774-9572

Alexandria Short Sale Condo Just Reduced under $200K!

7000 ELLINGHAM CIR #41, ALEXANDRIA, VA 22315

Lovely patio level 1 BR, 1 full bath condo in fantastic location! Open floor plan has living rm w/cozy gas FP, dining rm opens to patio overlooking trees, common area. Kitchen opens to LR & DR. MBR opens to patio & has dressing area, 3 closets! Loads of storage! 1 park space & guest pass. New Fridge, H2O heater, disposal! W&D in unit, fee includes water & sewer! Minutes to Metro, shopping, more!

If you are in a possible short sale situation and want to get more information about the process, please call us. We would like to help you understand what you need to know about a short sale and if you qualify! We have successfully sold over 350 short sales! Yours may be next!

Jennifer Young Homes

Keller Williams Realty

(703) 774-9572

Gainesville Short Sale Under Contract after Price Reduction!

8881 SCREECH OWL CT, GAINESVILLE, VA 20155

REDUCED! 4 bedroom, 3.5 bath home with 2 car attached garage in fantastic community! Hardwood flooring, crown molding on main level. Living rm opens to kitchen with corian counters, island, breakfast bar and newer SS fridge & leads to deck. MBR has WI closet, full bath w/soaking tub, sep shower, double vanity. BR level laundry. Finished LL with large rec room, full bath walks out to brick patio!

There is almost always an audible sigh of relief from our short sale clients when they get a contract on their home. Even though the process still continues because in many cases, we have to go to the bank to negotiate with them to accept that offer. There is still such great relief that there is a light at the end of the tunnel for this frustrating financial situation.

Being underwater on your home can feel like such a burden. If you owe more on your home than it is worth and you live in the Northern Virginia, DC metro area, please give our team a call. We would love to talk you through the process and see if you qualify for a short sale. We have successfully sold over 350 short sales and would love to make yours a success story too!

Jennifer Young Homes

Keller Williams Realty

(703) 774-9572

Manassas Single Family Short Sale Just Reduced!

13100 BROOKMEAD DR, MANASSAS, VA 20112

Wonderful brick front home on beautiful large lot backing to woods in desirable Meadowbrook Woods! Soaring ceilings, large rm sizes, formal LR, DR, study! 2 story family rm w/cozy FP. Gourmet kitchen w/granite, brkfast bar & window nook! Luxury MBR suite w/cathedral ceiling. Walk out LL has rec rm, exercise rm, large den & full bath! Deck overlooks woods! Easy access to PW Pkwy, Colgan High Zoning

If you are in a possible short sale situation and want to get more information about the process, please call us. We would like to help you understand what you need to know about a short sale and if you qualify! We have successfully sold over 350 short sales! Yours may be next!

Jennifer Young Homes

Keller Williams Realty

(703) 774-9572

Stafford Single Family Short Sale Just Reduced!

228 MACGREGOR RIDGE RD, STAFFORD, VA 22554

Terrific 2 BR, 2.5 bath colonial w/ carport on lovely 1.13 acre tree lined lot*Walking distance to river w/winter river views!*Needs some TLC but, so much to offer! Large fam rm. brick hearth wood burning FP leads to rear deck & large level yard, sheds. Separate dining rm w/hardwd floors. Updated eat in kitchen has SS appliances!Septic records say 2 BR & 4 person occ. but, a 3rd BR/den is in place

If you are in a possible short sale situation and want to get more information about the process, please call us. We would like to help you understand what you need to know about a short sale and if you qualify! We have successfully sold over 350 short sales! Yours may be next!

Jennifer Young Homes

Keller Williams Realty

(703) 774-9572

Waldorf Town House Short Sale Under Contract!

3837 GATEVIEW PL, WALDORF, MD 20602

Lovely & well maintained 3 BR, 2.5 bath home with beautiful treeline view. Inviting living room with bay window, formal dining room with gleaming chandelier. Spacious eat in kitchen with upgraded stainless steel appliances opens to large rear deck & storage shed. Master bedroom has vaulted ceiling, private full bath. Great commuter location, convenient to shopping and dining in great community!

There is almost always an audible sigh of relief from our short sale clients when they get a contract on their home. Even though the process still continues because in many cases, we have to go to the bank to negotiate with them to accept that offer. There is still such great relief that there is a light at the end of the tunnel for this frustrating financial situation.

Being underwater on your home can feel like such a burden. If you owe more on your home than it is worth and you live in the Northern Virginia, DC metro area, please give our team a call. We would love to talk you through the process and see if you qualify for a short sale. We have successfully sold over 350 short sales and would love to make yours a success story too!

Jennifer Young Homes

Keller Williams Realty

(703) 774-9572

Some Things You May not Know About Buying a Short Sale:

Buying a short sale can be a great option for house hunters. But it is best to go into it with some understanding of what to expect!

Short Sales Usually Take a Few Months to Close

The word Short in Short Sale does NOT mean it will close quickly! Short Sale really means that the sale of the house will fall short of the loan amount. A short sale typically takes between 3-6 months to close. The reason for the delay is the third party of the bank having to approve all the interactions between buyers and sellers.

Short Sales Typically Sell close to Market Value

A big misconception about short sales is that you can get a big discount. This is not always the case. The bank accepting a short sale from the owner is looking to get as much money as they can. If they are going to lose too much money, a foreclosure is their favored option.

But just because you will not get a huge price reduction on a short sale does not mean you cannot find a deal, especially in a seller’s market. When there are more buyers and less inventory, a short sale can be a great option! You will have less competition and usually can get it for a little under market value.

The Success Rate of Your Realtor in Closing Short Sales REALLY Matters

Find out who you are working with. If you are planning to buy a short sale, it is very important to make sure your realtor is in the Know! A realtor that knows how to negotiate with the banks can make a huge difference in your success of the short sale. A short sale is not a guarantee and to be able to work with a realtor that has had many successful short sale transactions will greatly improve your chance of success and even how quickly you can close with a short sale.

The Best Offer Grabs the Banks Attention

Low balling a bank is not the best option. If you found the home you want and you do not want to miss out on it, you need to make sure your offer is attractive to the bank. The bank is not looking at how much you want the house or how ready the sellers are to sell, they are looking at their bottom line- how much money are they gaining or losing in the deal. Make sure to work with your realtor to put the best offer forward. If there is a lot of work that needs to be done or the bank is not considering the local market and value, your realtor can put together the information needed to prove to the bank why your offer is fair.

If you are looking to buy or sell a short sale in Northern Virginia, DC, or Maryland, please give our team a call. We would be honored to work with you and help you through this process. We have successfully closed over 300 short sales and would love if yours was next!

Jennifer Young Homes

Keller Williams Realty

(703) 774-9572

Woodbridge Single Family Short Sale Under Contract!

12207 CAPTAINS CT, WOODBRIDGE, VA 22192

Under Contract in only 30 Days!

Terrific updated 4 BR, 3 full bath home with garage nestled among trees on .43 acre cul-de-sac lot in great location. Hardwood floors. Bright open floor plan has living rm opening to remodeled kitchen w/granite, SS appls & dining room w/French doors leading to screened porch & fenced rear yard. Large family room has wood burning FP & wall of built-in bookcases! Minutes to Pkwy, shopping, dining!

There is almost always an audible sigh of relief from our short sale clients when they get a contract on their home. Even though the process still continues because in many cases, we have to go to the bank to negotiate with them to accept that offer. There is still such great relief that there is a light at the end of the tunnel for this frustrating financial situation.

Being underwater on your home can feel like such a burden. If you owe more on your home than it is worth and you live in the Northern Virginia, DC metro area, please give our team a call. We would love to talk you through the process and see if you qualify for a short sale. We have successfully sold over 350 short sales and would love to make yours a success story too!

Jennifer Young Homes

Keller Williams Realty

(703) 774-9572

Great Single Family Short Sale Just Listed in Manassas!

13100 BROOKMEAD DR, MANASSAS, VA 20112

Wonderful brick front home on beautiful large lot backing to woods in desirable Meadowbrook Woods! Soaring ceilings, large rm sizes, formal LR, DR, study! 2 story family rm w/cozy FP. Gourmet kitchen w/granite, brkfast bar & window nook! Luxury MBR suite w/cathedral ceiling. Walk out LL has rec rm, exercise rm, large den & full bath! Deck overlooks woods! Easy access to PW Pkwy, Colgan High Zoning

If you are in a possible short sale situation and want to get more information about the process, please call us. We would like to help you understand what you need to know about a short sale and if you qualify! We have successfully sold over 350 short sales! Yours may be next!

Jennifer Young Homes

Keller Williams Realty

(703) 774-9572

Great Single Family Short Sale Available in Woodbridge!

12207 CAPTAINS CT, WOODBRIDGE, VA 22192

Terrific updated 4 BR, 3 full bath home with garage nestled among trees on .43 acre cul-de-sac lot in great location. Hardwood floors. Bright open floor plan has living rm opening to remodeled kitchen w/granite, SS appls & dining room w/French doors leading to screened porch & fenced rear yard. Large family room has wood burning FP & wall of built-in bookcases! Minutes to Pkwy, shopping, dining!

If you are in a possible short sale situation and want to get more information about the process, please call us. We would like to help you understand what you need to know about a short sale and if you qualify! We have successfully sold over 350 short sales! Yours may be next!

Jennifer Young Homes

Keller Williams Realty

(703) 774-9572

Short Sales Might be Worth Your Wait to Buy!

Short Sales May Not be Short but May be Worth the Wait! 

Be willing to wait
Despite the name, short sales are not short. But they can be worth the effort and wait for your to get the house you want! Know that you could wait and don’t be scared off by that! Your realtor can be checking on the process and put pressure on the bank to make a decision. If your realtor is not proactive, get a better one!

If you can prove to the lender that you are the best qualifying buyer, they are more likely to accept your offer. Having an experienced short sale realtor will be your biggest strength! So do your research and ask the hard questions about how may successful short sales has that realtor closed!

If you are looking to buy or sell a short sale in Northern Virginia area, we would love to help make this process easier for you. Our team has successfully sold over 300 short sales. We know are stuff and are proactive in getting the job done for you! Please give us a call today!

Jennifer Young Homes

Keller Williams Realty

(703) 774-9572