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prince william county short sale realtor: Short Sale Buyers Should Try Putting Themselves in Short Sale Sellers Shoes - 09/01/09 04:14 PM
This morning I received an offer on a Short Sale listing that had recently lost its second set of short sale buyers.  In presenting the offer to the sellers, they asked that I make sure that the Earnest Money Deposit was indeed deposited upon contract ratfication, NOT when the short sale was approved.
I took this counter offer to the Buyers Agent.  He sympathized and explained that his buyers were not comfortable with that. 
"My buyers absolutely love the house.  And they absolutely do not want to pursue any other short sale while they are under contract on yours.  They would just … (14 comments)

prince william county short sale realtor: What is a BPO? - 08/24/09 06:38 PM
What is a BPO?  As a Short Sale Listing Agent I am asked that at least once in every transaction by my short sale sellers.
So what is a BPO?  What does BPO stand for?
BPO stands for BROKER PRICE OPINION
A BPO is often ordered in lieu of an appraisal by mortgage holders when they are trying to determine the current market value of a short sale property.  A BPO is cheaper than an appraisal because you can hire a Licensed Real Estate Agent to do one for $50-$100.  A licensed appraiser charges $400.
BPO's give three ACTIVE listings and three … (14 comments)

prince william county short sale realtor: McLean, VA Short Sale: Approved & Sold! - 08/17/09 11:46 AM
The tale of this McLean, VA short sale started in late May 2009 when I was contacted by the sellers, who had been transferred out of state with a government agency job.  We put their McLean, VA short sale on the market on June 9, 2009.  (The sellers found me through my Active Rain blogs of other short sale listings that had been approved and sold.)
After nearly three weeks on the market, this McLean, VA short sale had a ratified contract.  Short sale approval came on August 9, 2009, just over a month after ratifying that contract and submitting it … (4 comments)

prince william county short sale realtor: Bristow, VA Short Sale: An Outstanding Buy in Kingsbrooke! - 07/18/09 11:36 AM

Bristow, VA short sales continue to dominate the available inventory on the market.  If you aren't sure what a short sale is, you may want to follow the link and familiarize yourself with how this buying process is different.
This particular Bristow, VA short sale is located in Kingsbrooke.  Kingsbrooke is a large community of homes, ranging from townhouses, patio homes and varying sizes of single family homes.  And this Bristow, VA short sale offers a home that is 100% finished from head to toe.  Even the mechanical room is finished in the basement. 
Favorite features of this Bristow, VA short sale are the lot … (4 comments)

prince william county short sale realtor: What is a Short Sale? - 07/18/09 11:34 AM
What is a Short Sale?  You've heard the term on news programs, seen it in ads for homes, and still wonder, "What is a short sale?"
A short sale occurs when a home seller owes more on their mortgage(s) than they will get for the sale of their home.  In other words, market value of the home is below what is due the mortgage holder.  The clues to determining whether or not a home is a short sale can be picked up in the phrases, "Subject to bank approval," or "Subject to third party approval," that you will see in the … (6 comments)

 
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Chris Ann Cleland, Associate Broker, Northern VA

Bristow, VA

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Long & Foster REALTORS®, Gainesville, VA

Address: 7526 Limestone Drive, Gainesville, VA, 20155

Office Phone: (703) 402-0037

Cell Phone: (703) 402-0037

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