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foreclosures: Low Inventory in Loudoun County and Fairfax County - What is going on? - 03/10/11 02:34 PM
Many clients ask where is the inventory right now in Loudoun County and Fairfax County? The escalation clause is out again. Without a lot of new properties coming on the market (besides a scatter of short sales and even fewer REOs) it has caused what feels like a shortage. Those that could sell are not ready because they are in their home and it is either underwater or they have no need to move since they have been there probably only the last 3-5 years. The upper end markets are still experiencing inventory - so you may get a better value there. (1 comments)
foreclosures: Another Sparkling Area for Tear Down and Rebuild - Herndon 20170 - 02/07/11 10:37 PM
Recently I have noticed an increase demand for buying acreage with old homes in Oak HIll and Herndon VA. It appears lots from 600-900K transform into new home lots from 1.4-1.8K. Some lots have changed from 1 home on 2 acres to 1 home on 1 acre which opens the area for subdividing and much more. You would have to look at the lot zoning and discuss wtih county. However, some lots are subdividable. Some have called this area "a Mini-Mclean". (0 comments)
foreclosures: Mclean Investment Properties - 02/07/11 11:56 AM
There are a lot of properties in Mclean that are at least 40+ years old. Lots of builders know this and are buying them up before they hit the market or right when they hit the market. They then can build large homes on them and sell for a $400-$500K profit. These prices depend on the subdivision you are in in Mclean itself. It varies on one street to another. You have to know the area. (0 comments)
foreclosures: Where are the foreclosures? What is going on? - 10/22/09 01:07 PM
For sometime, the government stopped foreclosures from happening. So, inventory became lower and it has caused a buyer frenzy on homes because the demand is higher than the supply. Buyers are now buying new construction homes and short sales without delay. The past two years of REOs/foreclosures was because of loans with 2/3 year adjustables, now we will see more based on the neg. amortized loans. However, the government continues to assist in the helping to reduce the downfall by providing monetary incentives to people in distress to save their homes and loans. This is working for some.
foreclosures: Finding Foreclosures besides the MLS - 02/24/08 09:01 AM
I have been asked so many times - where can I find foreclosures and short sales. To find foreclosures, some of the best places are the Asset Managers websites such as res.net and reotrans.com. For short sales, the best place locally is the MLS - Realtor.com. Foreclosures are the highest in an area called Sterling Park and in the eastern side of Leesburg. Call today for a report on Loudoun County Foreclosures. The rest of the county ranges in 4-10% of the number of foreclosures in Loudoun County. So, if you are looking in Lansdowne right now for a lot of (2 comments)
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.