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FORECLOSURES IN LOUDOUN COUNTY VIRGINIA. LOUDOUN COUNTY FORECLOSURES, Page 2, Leesurg

By
Real Estate Agent with Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate 303829;0225082372

FORECLOSED HOMES AND ALL BANK OWNED HOMES ARE A GOOD OPPORTUNITY FOR HOME BUYERS TO BENEFIT FROM THE LARGE NUMBER OF FORECLOSED PROPERTIES IN LOUDOUN COUNTY FOR SALE.

LEESBURG FORECLOSURES.  Foreclosed homes are discounted for condition and banks will usually sell for a price that give the new owner equity to compensate for the condition.  Foreclosed homes are often in need of repairs or upgrading  Although, in the present real estate market, there are many new and almost new homes that were purchased by investors who were not able to quickly resell the new home.  This is an opportunity for home buyers to gain home ownership at a very reasonable price.

Foreclosures usually close in about 4-8 weeks from contract.  The contract is similar with the addition of "as is" condition clause.  Home inspections are welcomed, but most banks do not make repairs or upgrades which is why the homes are listed and sold at prices that are discounted from market value.

FORECLOSURES IN LEESBURG VIRGINIA, LOUDOUN COUNTY

Location            Zip Code      List Price          BR         BA            Home Style       Year Built

Leesburg20175$279,900 32 Rambler1974
Leesburg20175$284,900 32 Split Foyer1984
Leesburg20176$300,000 43 Split Level1985
Leesburg20176$319,900 33 Split Level1979
Leesburg20176$332,000 43 Split Level1979
Leesburg20176$359,000 43 Colonial1979
Leesburg20175$436,900 43 Colonial2001
Leesburg20176$484,000 44 Colonial1993
Leesburg20175$504,900 43 Colonial2005
Leesburg20176$514,900 44 Colonial2005
Leesburg20176$579,900 45 Colonial2002
Leesburg20175$650,000 63 Cape Cod1969
Leesburg20175$689,900 44 Colonial2005
Leesburg20176$760,000 44 Colonial2005
Leesburg20175$904,900 55 Colonial2006
Leesburg20176$924,900 44 Colonial2005
Leesburg20176$959,000 56 Colonial2003
Leesburg20176$1,083,900 45 Colonial2002

                             Foreclosure in Leesburg  

 Foreclosures in Leesburg represent home prices from modest to semi-luxury to luxury home prices.

                               Leesburg Virginia Map

                                                            LEESBURG VIRGINIA MAP

SEARCH LISTING LOUDOUN COUNTY VIRGINIA

Courtesy, Lenn Harley, Homefinders.com, 800-711-7988, E-Mail

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Comments(2)

Neal Bloom
Brokered by eXp Realty LLC - Weston, FL
Realtor CRS-Weston FL Real Estate

Lenn,

Sounds like a reasonable deal for buyers...do they compare what they might really be worth at a regular price versus the discount?

Jan 03, 2008 11:43 PM
Lenn Harley
Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate - Leesburg, VA
Real Estate Broker - Virginia & Maryland

Neal. 

These homes are discounted for condition.  We always show neighborhood listings that are not foreclosures so the buyers can see the value of their sweat equity. 

Foreclosures are in the news these days and it just makes sense to focus on them. 

Over the years, we've always had investment buyers looking at foreclosures.  I have not usually been interested in representing investment buyers because they are just not usually realistic in this area.  But, families looking for a home can really benefit with these homes.  Everything around here is overpriced, so foreclosures are just a place to trim a few $$$ off the price of a home.

Not to worry.  We make sure they know the comps. 

We had one buyer looking in Virginia at a foreclosure that was seriously overpriced.  We took them right next door to a builder's model and they purchased a new home in inventory.  If the foreclosure isn't priced right, our buyers will know it.

 

Jan 03, 2008 11:59 PM