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short sales: My first video- It's Friday RE/MAX Remix - 06/06/11 06:01 PM
OK, technically, its not my very first video, but it is my first music video.
A couple of months ago, a very annoyingly catchy song by 13 year-old Rebecca Black called "It's Friday" made the rounds on YouTube.

The song was so silly, funny, irritating, and liked and disliked by so many, that parodies were soon cropping up everywhere.
Naturally, this prompted me to create my own "real estate version" of the song.
It was alot of fun making the video. It shows me on a normal Friday/Saturday, waking up, getting my coffee, counseling and showing homes to clients. … (32 comments)

short sales: How long do I have to wait to buy another house if I do a short sale? - 03/21/11 08:43 PM
I often get this question from people at cocktail parties and other social events that I attend. The first time this was posed to me, my thought was why on EARTH would you even be THINKING about buying another house after you just went through the agony of a short sale? But after wiping the drink that flew out through my nose off of the person that I was talking to, I realized, OK, this is a legitimate question.
So, you came upon hard times, you might have made some bad financial decisions (who hasn't?), or you lost your job. It happens. And truth be told, to … (5 comments)

short sales: 3BR/2.5BA Townhome For Sale - 09/19/09 12:17 PM
3-4BR/2.5 BA TOWNHOME - THE GLEN - WOODBRIDGELocation: The GlenTHIS IS A MUST SEE! Gorgeous Townhome, HUGE Eat-in Kitchen, French Doors open up to gorgeous deck, Separate Dining Room with electric Fireplace for romantic dinners. Fully finished basement with built in nook for media. Gas Fireplace in basement for cozy nights in front of the TV. French doors lead to spacious back yard. Extra room and newly remodeled bath on lower level makes for great private space for guests. Freshly painted inside and out. Walk to Safeway, shopping. This is a Commuter's dream. SHORT SALE. One bank. Experienced CDPE agent. Call … (0 comments)

short sales: Buyer's Market? More like Bank's Market! - 04/17/09 02:50 PM
For the past 3-4 weeks, I've been driving my buyer clients around, searching for homes in the $300,000 price range and below.
Time after time, what I am encountering is this: "multiple contracts" or "multiple offers", "highest and best", "no more showings". And most of these properties with these remarks are showing as "Active" listings.
For example, a simple search (3PM Eastern) for Detached homes in Springfield, VA priced $260,000 and below yields 11 properties. Six of them are short sales. The rest are bank owned. Two of the short sale listings indicated there were contracts either being reviewed or that they were … (1 comments)

short sales: Buying a Short Sale - 05/11/08 02:21 PM
Short sales. Before I entered the real estate industry, selling short meant selling a security that you didn't own and repurchasing it later at a lower price. But the phrase as it is most commonly used now refers to what happens when the lender discounts the payoff it is owed on a home. In other words, the home is sold for less than is owed, and the lender is willing to accept less than the payoff.
According to Metropolitan Regional Information Systems, Inc., only 1 in 8 "short sale" listings that gets a contract actually goes to settlement. Why is this? … (0 comments)

 
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Cathy Baumbusch (cathybREALtor)

Springfield, VA

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RE/MAX Executives

Address: 4000 Legato Road, Fairfax, VA, 22033

Office Phone: (703) 449-7629

Cell Phone: (703) 969-1691

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Keeping Real Estate REAL for Washington DC and the surrounding area, including Northern Virginia and Suburban Maryland.


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