The housing market appears to becoming more efficient - 08/29/11 06:56 PM
The housing market appears to becoming more efficient RealtyTrac reported that the share of homes in some stage of foreclosure dropped 5 percent from the first quarter of this year to 31 percent in the second quarter. Additionally, the average sales price of bank-owned (or “REO”) properties was discounted another 4 percent (to 40 percent from 36 percent) below the average sales price of a non-foreclosure home in the second quarter, while the average sales price of a preforeclosure home (often sold in a short sale) also dropped 4 percent to 21 percent from 17 percent in the first quarter.
James … (0 comments)

Is a Short Sale For You? - 08/22/11 01:09 PM
Is a Short Sale For You?
5 Things You Should Know if You’re Considering A Short Sale of Your Home Three years ago, the term “short sale” was almost unknown by anyone but some experienced Real Estate agents. Today, the term is on the tip of everyone’s tongue — from homeowners to investors to agents to buyers. For sellers wondering if a short sale is the right solution for them:
1. This is not a do-it-yourself process — Seeing a short sale to a successful close is a complicated transaction requiring approval from not just the buyer and seller, but also … (0 comments)

 
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Dan Lesher, Broker, CRS, ABR, e-Pro, RDCPro

Fredericksburg, VA

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Realty World Select

Address: 1171 Central Park Blvd., Suite 200, Fredericksburg, VA, 22401

Office Phone: (540) 371-7653 x 213

Cell Phone: (703) 501-4210

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A perspective on happenings in the real estate industry by Northern Virginia award winning Broker/Agent Dan Lesher of Realty World-Select.


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