Why You Should Leave While Your Home is Shown - 07/18/09 09:51 AM
Why You Should Leave While Your Home is Shown
Copyright (c) 2009, Deanna & Jim's GOLD Team, RE/MAX Olympic Realty
Your home is for sale. The phone rings. Someone is coming to see it!  
No, you should not stay to greet the prospective buyers and their agents. Go for a drive, go for a walk, make yourself scarce!
Why?  The answer lies in the way virtually all people raise their children.
Well-mannered children are taught that if you go in a stranger's (or even an acquaintance's) house you do NOT go poking around in their private spaces without their invitation.
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How to Get Your Short Sale Home Shown - 07/18/09 09:39 AM
How to Get Your Short Sale Home Shown
Copyright (c) 2009 Deanna & Jim's GOLD Team, RE/MAX Olympic
 
Homeowners unable to keep up their mortgage payments and ineligible for a loan modification frequently make the intelligent choice to sell their home as a short sale.  This article explains how to maximize the showings and the offers for your short sale listed home.
You need to think like a buyer's agent.  There are many homes on the market and maybe not enough time to show them all.  The easiest to show are - of course - the vacant bank-owned ones. Banks … (0 comments)

7995 Fern Oak Ct - Short Sale - 07/17/09 08:37 AM
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6081 Omega Lane - 07/17/09 08:27 AM
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"Pre-Approved" Short Sales - 07/17/09 08:07 AM
"Pre-Approved" Short Sales
Copyright (c) 2009, Deanna & Jim's GOLD Team at RE/MAX Olympic
 
Homeowners challenged to continue paying their mortgages and ineligible for an adequate loan modification often choose to list their home for short sale rather than experience the consequences of foreclosure.  Short sales notoriously take 60-90 days longer than normal transactions due to delays waiting for overloaded loan servicing staff to review what may be an excellent offer.
From time to time buyers or their agents may discover "pre-approved" or "approved" short sale listings. This article explains the two major kinds of such listings and their potential … (1 comments)

Detecting Short Sale Flips - 07/16/09 01:34 PM
Detecting Short Sale Flips
Copyright (c) 2009 Deanna & Jim's GOLD Team, RE/MAX Olympic
 
Homeowners challenged to make their mortgage payments often consider selling their homes via short sales.
It is our position that agents attempting to perform what is known as "short flips" are not performing their agency responsibilities. In particular we believe that short flips pose considerable risk for homeowners, buyers, agents involved and title companies involved.
Short flips are easily detected as an agent proposing to have him/herself (or an entity he has an interest in) agree to purchase the home for cash within a certain … (0 comments)

Short Sale Option Purchase Contract Considered Harmful - 07/16/09 11:37 AM
Short Sale Option Purchase Contract Considered Harmful
Copyright (c) 2009, Deanna & Jim'S GOLD Team, RE/MAX Olympic
 
The owners of higher end potential short sale properties are targetted by certain real estate agents.
The agents propose that the homeowner sign a purchase option contract giving the agent the exclusive right to purchase the property at a very substantial discount for, say, a year at a cash price while also giving the agent the right to list and sell the home to another buyer for a profit during that time.  The agent persuades the seller to sign by explaining how they … (1 comments)

Short Sale Second Lender Situations - 07/14/09 08:54 AM
Short Sale Second Lender Situations
Copyright (c) 2009 Deanna & Jim's GOLD Team, RE/MAX Olympic
Homeowners challenged to keep up with their mortgages due to changes in circumstances often elect to list their home as a short sale in order to prevent inevitable foreclosure.  Short sales involving two banks are allegedly more challenging to complete. This article explains the situation and offers suggestions to both buyer and sellers considering such a transaction.
Short sales are negotiated settlements where the sales contract between the buyer and the seller is contingent on approval by third parties - the existing holders of the first … (4 comments)

Making a Clean Short Sale Offer - 07/13/09 08:12 PM
Making A Clean Short Sale Offer
Copyright (c) 2009 Deanna & Jim's GOLD Team, RE/MAX Olympic
Making an offer to purchase a property for short sale requires understanding that your offer will be evaluated weeks later by an overworked negotiator who is not generally inclined to be interested in unnecessarily complicated offer structures.
Here are specific things important for the successful short sale buyer to consider:
1. Work with an experienced local agent who knows usual contract conventions in your area and who has already handled multiple successful short sale buyer transactions.
2. If you want a warranty don't ask the … (0 comments)

Making the Short Sale Buying Process Manageable? - 07/13/09 07:55 PM
Making the Short Sale Buying Process Manageable?
Copyright (c) 2009 Deanna & Jim's GOLD Team, RE/MAX Olympic
Short sale listings offer temptingly low prices, often at or below the rest of the market in a given area.  The lure of the low prices is offset by the legends of long-delayed and cancelled transactions, and the existence of some buyers and/or buyer's agents who will not even consider short sales.
Attempting to purchase a short sale listing is not for everyone.  Buyers with short to medium term calendar deadlines should not attempt a short sale purchase unless they have already worked out a … (0 comments)

Manassas Foreclosures, Short Sales, Resales by Price Range - July 12, 2009 - 07/12/09 05:23 PM
Listed Manassas and Manassas Park  Foreclosures, Short Sales, Resales by Price Range - July 12, 2009
         Copyright (c) The GOLD Team, RE/MAX Olympic Realty
Price Range             Foreclosures            Short Sales         Resales
Under $100K                 54                      142                     154
$100-200K                    97                      357                     394
$200-300K                    25                      137                     176
$300-400K                    19                       50                      115
$400-500K                     5                        19                        50
Over $500K                    4                        16                        53
                                      All data from MRIS.
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Homeowner Hazard of Short Sale Purchase Option Contracts - 07/10/09 11:25 AM
Homeowner Hazard of Short Sale Purchase Option Contracts
Copyright(C) 2009 Deanna & Jim's GOLD Team
RE/MAX Olympic
Many homeowners find themselves challenged to make their mortgage payments, often due to circumstances beyond their control.  If they are not eligible for a loan modification their next best option may often be listing their home for short sale.  Those in this situation may be approached by opportunistic real estate agents seeking to directly or indirectly buy their home with an exclusive option to purchase contract. In reality these agents are attempting to perform what is known as a "short sale flip."  Short sale … (0 comments)

Negotiating Your Own Short Sale? - 07/09/09 12:39 PM
Negotiating Your Own Short Sale
Copyright (c) 2009 Deanna & Jim's GOLD Team
RE/MAX Olympic
 
Some homeowners challenged to continue making their mortgage payments and unable to qualify for an adequate loan modification wisely choose to list their home for short sale rather than suffer foreclosure.  The key requirement for a short sale is that a satisfactory contract be placed in front of the lendors contemplating foreclosure before they complete the foreclosure process.  Lendors will generally only consider offers produced as a result of listing the house in the local MLS with a licensed real estate agent. 
Once an offer … (0 comments)

Short Sale Pricing - 07/09/09 11:06 AM
Short Sale Pricing
Copyright © 2009 Deanna & Jim's GOLD Team
RE/MAX Olympic
 Many smart buyers now seek to take advantage of today's low interest rates and low list prices for residential real estate.  Enterprising would-be homeowners and investors comb the Internet daily seeking new low-priced listings.  To their frustration they often discover weeks after making an offer that the prices for which a short sale property is listed is thousands less than what is necessary to buy the property!  Are the sellers and their agents engaging in unethical "bait-and-switch" tactics? 
 The short answer is that the tactics are usually ethical, … (0 comments)

How Long Do Short Sales Take? - 07/08/09 09:56 AM
How Long Do Short Sales Take?
Copyright (c) 2009 Deanna & Jim's GOLD Team
RE/MAX Olympic
 
Typical time for a successful short sale transaction in Prince William County will be 40-45 days for the bank to approve the deal and 30 days for buyer to get it closed once approval is received.  The 40-45 days begins once the listing agent submits the listing contract, ratified sales contract, preliminary HUD-1, and seller hardship package to the bank. 
From the time the seller accepts the buyer's offer it will typically take a day or two to get the preliminary HUD-1. Seller may … (0 comments)

 
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James & Deanna Gilbert

Manassas, VA

More about me…

Samson Properties

Address: 14526 Lee Rd #100, Chantilly, VA, 20151

Office Phone: (703) 969-0410

Cell Phone: (703) 969-0410

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Master negotiators: 550+ transactions last 12 years. 150+ bank-owned transactions 2007-13. Short sales listed, under contract, and buyer offers pending. First time buyer & investor specialists. MBA, MSE, MA Psychology.


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