PenFed Short Sale Sold with $1,500 in Relocation Assistance to our Client!

8125 Honey Bee Way, Manassas, VA 20111

We were able to negotiate with PenFed Bank and get all deficiency rights waived, no cost to the seller and got her $1,500 in relocation assistance! Congrats to our client and great job team getting this one sold!

Beautiful 3 BR , 3.5 BA TH w/attached 2 car garage backing to parkland, walk to VRE! Well maintained sun filled home w/9′ ceilings, recessed lighting, hardwood flooring. Formal dining rm. Gourmet kitchen w/granite, SS appls, huge island, brkfast bar. Living rm w/gas FP opens to screened porch & deck overlooking trees for privacy. MBR w/luxury bath, BR level laundry! LL fam rm leads to fenced yard.

Great 4 Bedroom Short Sale Just Reduced in La Plata MD!

10880 Hopewell Place, La Plata, MD 20646

Fabulous 4 bedroom, 2 full bath home on lovely and peaceful 1.25 acres on quiet, private cul-de-sac! Bright open floor plan has gleaming hardwood floors, spacious living room with cozy gas fireplace. Great open dining room & large kitchen with loads of cabinet space & breakfast bar is great for entertaining! Master bedroom has walk in closet and full bath with jetted tub! Ceiling fans throughout! Garage converted into 4th bedroom/bonus room has separate entrance; would be great office as well. Don’t miss out on this fantastic home with one level living at it’s best!

How to Make an Offer on a Short Sale Property

How Much Should You Offer on a Short Sale?

What is the perfect offer? You want a deal but you also want the house. If you offer too low, the seller and bank may be offended. If you offer too high, you could have missed out on a discount or lower price with negotiations. With a short sale, your offer is not only going to the seller but also the seller’s bank. It could take longer to have your offer reviewed so you really want to be sure you offer the right amount the first time. The bank could still come back with a counteroffer.

Here are some tips to think about before you submit your offer:

1. Look at Comparables

What is the average price per square foot in the neighborhood? What have recent similar nearby homes sold for? Are there repairs needed or recent updates that could affect the purchase price? Your realtor should have researched these aspects and if they haven’t, urge them to or find another realtor. Knowing what similar homes are selling for will give you an idea of the fair market value.

2. What can you afford?

Do not offer more than you can afford and you may want to offer a bit less than you can afford in case they counter back with a higher offer. If you are looking at a home above your price range and hoping they will accept your lower offer so you can afford it, be prepared to walk away.

3. How long has it been on the market?

If this home has been sitting on the market more than 2 months without any offers, than maybe it is priced wrong or there is something that is turning buyers away. You may be able to get the price down if it has been sitting for a while.

4. Make your offer an odd number

This may sound strange but round numbers sound like every other offer out there. Going with an offer of $281,900 or $283,000 instead of $180,000 may actually stand out and make the seller think you have really thought through your numbers.

5. Make an escalation offer

This is a clause you can put in your offer stating you will pay X amount more than another offer up to certain amount. For example, you offer $155,000 but your escalation clause says you will pay $1,000 more than another offer up to $165,000. This helps your offer stand out in a situation of multiple offers but also keeps you from having to pay more than what is needed for a home. If this escalation clause is put into action, the sellers usually must show you the other offer as proof.

We hope these tips help you figure out how to make a better offer on your dream home!

If you are looking to buy or sell in the Northern Virginia area, this is a great time! Please give our team a call! We would love to help you find your dream home!

Jennifer Young Homes

Keller Williams Realty

(703) 774-9572

Beautiful Single Family Short Sale on 1 Acre Just Listed in Stafford!

644 Rock Hill Church Road, Stafford, VA 22556

Lovely 3 bedroom, 2 bath split level home on 1 beautiful level acre lot backing to trees! Main level with updated hardwood style laminate flooring! Sun filled living room with crown molding, chair rail. Renovated kitchen w/granite, custom painted cabinets and newer SS appliances opens to dining area opening to deck overlooking gorgeous fenced yard. Upper level has 3 bedrooms including spacious MBR, remodeled luxury full bath. Fully finished LL has family room, laundry, full bath & exercise/rec room walking out to large stamped concrete patio & large level yard w/shed, fire pit. Enjoy life in a country setting still close to the Stafford community and convenient for commuting!

Great Two Bedroom Short Sale Condo Just Listed in Stafford VA!

93 Fern Oak Circle Unit#103, Stafford, VA 22554

Sun filled 2 BR, 2 BA + den main floor garden condo backing to open common area. Living room, dining room den/3rd BR and kitchen with hardwood flooring! Both bedrooms have dual closets, spacious master bedroom has full bath! Stacked front loading W / D. Great amenities, playground, pool and weight room! 1 assigned parking space & plenty of additional parking. Close to Rt. 1 & I-95!

Single Family Short Sale Coming Soon in Stafford VA!

644 Rock Hill Church Road Stafford VA

Lovely 3 bedroom, 2 bath Completely updated Split Level home on 1 beautiful flat acre! Enjoy life in a country setting but close to Stafford amenities and roads for commuting purposes. Enter into main level with updated laminate flooring with entry and bright living room that leads into updated kitchen with custom painted cabinets, newer Stainless steel appliances and granite countertops. Off the kitchen there is a dining area that leads out to deck. Upper Level features 3 bedrooms and spa-like full bath.  Lower level features large family room plus rec/exercise/office area, an additional full bath and laundry. Walk out to large stamped concrete patio within large and open fenced rear yard with shed and fire pit!

 Great Temple Hills Single Family Short Sale Just Reduced!

3510 Everest Drive, Temple Hills, MD 20748

Beautifully renovated 4 bedroom all brick home with w/designer paint, hardwood flooring throughout on lovely lot backing to woods for privacy! Sun filled main level has formal dining room and formal living room with brick wood burning fireplace. Updated open kitchen with has access to side entrance of home. All 3 bedrooms on main level have hardwood flooring and the full bath is completely updated! Fully finished LL has family room with 2nd FP & picture window, 4th BR, renovated full bath, laundry, ample storage space and walks out to patio and rear yard backing to woods. Loads up updates including new HVAC!