The Short Sale Inventory in Winchester, Virginia Gives Buyers Great Options

By
Managing Real Estate Broker with Cornerstone Business Group Inc 0225086119
http://actvra.in/rWW

If you are in the market for a new home, consider a short saleShort sales are unique in many ways, but they do offer a potentially great home at a sizable discount. 

What is a short sale?  A short sale is when a homeowner has purchased a Short Sales Winchester VAproperty and for whatever reason, can no longer keep it.  It may be the loss of a job, an illness, divorce or simply because an adjustable rate mortgage has increased the monthly payments to the point that the homeowner can no longer affort the payments. 

The homeowner contacts his lender and requests permission to sell the home at a discount.  Hence, a short sale.  The property is listed for less than the homeowner owes, and it is sold somewhere in that listing price range.  The homeowner is able to walk away from the property with no money, but typically no deficiency judgement or penalty. 

The great thing about buying a short sale is that it is often a home that has been taken care of by the owners who found themselves in some sort of distress.  A short sale can be a great buy for move up buyers, or in some cases, scale back buyers. 

In Winchester, Virginia there are 58 active short sales on the market as of January 26, 2012.  Prices range from $59,900 - $589433.  The local Buying a Short SaleWinchester / Frederick County offerings range from 2 bedroom - 1 bath properties to large 5 bedroom - 4.5 bath homes with land.

No matter what your price range, Winchester, VA has a short sale to meet your budget.  Large, or small or somewhere in between, we can accomodate just about any buyer.  So, before you skip a short sale because they have a reputation for being difficult, give us a call.  We can help you find the house of your dreams at a discounted price, and we can show you just how easy buying a short sale can be.

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Rainmaker
625,583
Jill Sackler
Charles Rutenberg Realty Inc. "Said and Done!" - Merrick, NY
Long Island's South Shore Real Estate Agent

They're great if you can get them. Short doesn't describe the process exactly but if you have the time to see it through, you can get a great deal. I've been meaning to tell you for a while I love your pictures. How do you get those, if you don't mind me asking?

Jan 26, 2012 06:10 PM #1
Rainmaker
1,094,233
Mike Cooper
Cornerstone Business Group Inc - Winchester, VA
Your Winchester, VA Real Estate Sales Pro

Short is a misnomer isn't it, Jill.  The graphics I use come from PresenterMedia.com.  They are awesome and have lots to chose from.  The annual subscription is about $60, but renewals are cheaper.  Nice way to stay out of copy-write prison and have good graphics to boot.  

Jan 26, 2012 06:16 PM #2
Rainmaker
133,881
Marcia Kramarz
Re/Max Executive Realty - Medway, MA
CDPE,LMC,CBR

Good article for buyers - - Looks like there are a lot of options for buyers who would like to cnosider the benefits of buying thru a short sale -  Thanks for sharing,Mike!

Jan 26, 2012 09:18 PM #3
Rainmaker
1,094,233
Mike Cooper
Cornerstone Business Group Inc - Winchester, VA
Your Winchester, VA Real Estate Sales Pro

Thank you, Marcia.  I wanted to do more local blogs this year, so this is part of it.  I hope you're having a great week!

Jan 26, 2012 09:36 PM #4
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Peter Pfann @ Fair Realty Victoria, BC, Canada. Pfanntastic Properties in Victoria, Since 1986.
Fair Realty, Victoria BC www.pfanntastic.com - Victoria, BC
Talk To or Text Peter 250-213-9490

Hi Mike,

your information about your local short sales and the process, is very helpfull, we don't see many here but like to learn all about them.

Jan 26, 2012 09:44 PM #5
Rainmaker
1,094,233
Mike Cooper
Cornerstone Business Group Inc - Winchester, VA
Your Winchester, VA Real Estate Sales Pro

You're blessed, Peter and Linda.  I'm looking forward to the day when they're the exception and not the rule.  

Jan 26, 2012 09:51 PM #6
Rainmaker
240,724
Doug Bullwinkel
Academy Mortgage Group - Roseville, CA
NMLS #281609

Won't it be nice when these sales will be the exception Mike.  Thanks for the easy to follow explanation of what a short sale really is.  I think there's a lot of confusion out there with consumers that don't really know the difference.  I think your post will be helpful to many of them.

Jan 27, 2012 02:39 AM #7
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2,044,509
Barbara-Jo Roberts Berberi, MA, TRC - Greater Clearwater Florida Residential Real Estate Professional
Charles Rutenberg Realty - Palm Harbor, FL
Palm Harbor, Dunedin, Clearwater, Safety Harbor

Short sales are something I don't do much of anymore.......too many regular deals going on around here (thank heaven).

Jan 27, 2012 07:38 AM #8
Rainmaker
1,094,233
Mike Cooper
Cornerstone Business Group Inc - Winchester, VA
Your Winchester, VA Real Estate Sales Pro

Thanks Doug.  That was my goal.  So many people don't understand there is a way out for them.  It's just a matter of education a lot of the time.  

I look forward to that day.  It has been a long time since fair market sales dominated our market.  

Jan 27, 2012 08:18 AM #9
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Rainmaker
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Mike Cooper

Your Winchester, VA Real Estate Sales Pro
Winchester has a place for you! Call me.
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