Deciding whether to buy a foreclosure property in Fairfax County is not as easy as walking in to the house and saying “I’ll take it.” Foreclosure/REO properties require more time and negotiation with a third party than buying a resale home. When you are buying a foreclosure property you are buying the property “as is” with inspections only for information purposes.
The question of whether a foreclosure property is a good deal will vary and doing the research to compare the properties is a key piece of making an offer. In one neighborhood you can find new homes that were purchased by real estate speculators that have never been lived in and properties that have been left in deplorable condition by the previous owners.
Currently in Fairfax County there are 385 properties listed as REO or foreclosure properties in the MLS. They break down to 153 detached homes, 162 townhouses and 70 condos. There are also another 104 properties identified as “short sales” which means that the owners currently owe more than the mortgage than the home is valued but the mortgage company has not taken the title to the property,
The following is an example list of Fairfax County detached homes identified in the MLS in the areas of Burke, Lorton and Springfield as foreclosure properties.
| Address | ListPrice | AdvertisedSubdivision | Style | BR | FB | HB | FP |
| 6215 CENTAURUS CT | $338,400 | ROLLING VALLEY WEST | Colonial | 3 | 2 | 0 | 1 |
| 9032 ANDROMEDA DR | $339,900 | ROLLING VALLEY WEST | Contemporary | 4 | 3 | 1 | 1 |
| 5849 PARAKEET DR | $359,000 | CARDINAL ESTATES | Bilevel | 5 | 3 | 0 | 0 |
| 5817 PARAKEET DR | $359,900 | CARDINAL ESTATES | Split Foyer | 3 | 3 | 0 | 1 |
| 9315 WILLOW POND LN | $416,000 | FOX LAIR | Split Level | 3 | 2 | 1 | 1 |
| 5200 OLLEY LN | $469,000 | LAKE BRADDOCK | Colonial | 5 | 2 | 1 | 0 |
| 9521 VANDOLA CT | $489,500 | BENT TREE | Colonial | 5 | 3 | 1 | 2 |
| 8742 COLD PLAIN CT | $300,000 | NEWINGTON FOREST | Split Foyer | 4 | 2 | 0 | 1 |
| 6606 CUSTER ST | $319,900 | SPRINGFIELD ESTATES | Rambler | 4 | 2 | 0 | 1 |
| 6614 STAGECOACH ST | $344,900 | SPRINGFIELD ESTATES | Split Level | 4 | 2 | 0 | 1 |
| 7411 GARY ST | $347,000 | SPRINGFIELD | Split Level | 5 | 2 | 0 | 1 |
| 7415 FALMOUTH ST | $349,900 | SPRINGFIELD | Rambler | 4 | 2 | 0 | 2 |
| 5303 INVERCHAPEL RD | $354,900 | RAVENSWORTH | Rambler | 3 | 1 | 0 | 1 |
| 8496 SUMMER BREEZE LN | $357,000 | NEWINGTON FOREST | Colonial | 4 | 1 | 1 | 0 |
| 7200 ORIOLE AVE | $369,900 | SPRINGVALE | Split Level | 4 | 3 | 0 | 1 |
| 6840 BEN FRANKLIN RD | $374,900 | BEN FRANKLIN PARK | Colonial | 4 | 2 | 1 | 1 |
| 6703 ANDERS TER | $374,900 | EDSALL PARK | Split Level | 4 | 1 | 1 | 1 |
| 5523 KEMPTON DR | $399,900 | KINGS PARK | Rambler | 4 | 3 | 0 | 1 |
| 5810 HEMING AVE | $399,900 | NORTH SPRINGFIELD PARK | Split Level | 4 | 2 | 0 | 0 |
| 5217 FERNDALE ST | $412,900 | NORTH SPRINGFIELD | Split Level | 4 | 2 | 0 | 1 |
| 8432 THAMES ST | $416,500 | KINGS PARK | Colonial | 4 | 3 | 1 | 1 |
| 5519 SOUTHAMPTON DR | $419,900 | KINGS PARK | Colonial | 4 | 2 | 1 | 0 |
| 8804 TRAFALGAR CT | $419,900 | KINGS PARK | Split Foyer | 4 | 3 | 0 | 1 |
| 7505 FERBER PL | $426,900 | NORTH SPRINGFIELD | Rambler | 5 | 2 | 1 | 1 |
| 8132 SPRINGFIELD VILLAGE DR | $435,000 | WEST SPRINGFIELD VILLAGE | Colonial | 4 | 2 | 1 | 0 |
| 7402 RESERVATION DR | $442,900 | ORANGE HUNT ESTATES WEST | Colonial | 4 | 2 | 1 | 1 |
| 6310 GREELEY BLVD | $449,900 | KEENE MILL MANOR | Split Level | 6 | 2 | 1 | 0 |
| 7515 IRENE CT | $487,900 | KNOLLS AT MIDDLE RUN | Colonial | 3 | 3 | 1 | 1 |
| 6900 CONSTANCE DR | $489,900 | LOISDALE ESTATES | Colonial | 5 | 4 | 0 | 1 |
| 6909 ROCHAMBEAU PL | $489,900 | LAKEWOOD HILLS | Colonial | 5 | 2 | 1 | 1 |
| 8534 HOOES RD | $549,900 | MIDDLEFORD RIDGE | Colonial | 4 | 2 | 1 | 1 |
| 6520 SUMMERTON WAY | $569,900 | CHARLESTON COLLECTION | Colonial | 3 | 3 | 1 | 1 |
| 7934 HARWOOD PL | $599,900 | KEENE MILL MANOR | Split Level | 6 | 4 | 0 | 1 |
| 8554 BAUER CIR | $659,900 | BAUER | Colonial | 3 | 3 | 1 | 1 |
| 5910 ACCOMAC ST | $699,900 | SPRINGFIELD | Colonial | 6 | 3 | 0 | 1 |
| 6164 DEER RIDGE TRL | $725,000 | HIGHGROVE ESTATES | Colonial | 5 | 4 | 2 | 1 |
| 7710 RIDGEPARK CT | $739,900 | POHICK WOODS | Colonial | 5 | 3 | 1 | 1 |
| 6395 TRUE LN | $749,900 | TRUE LANE PROPERTY | Colonial | 6 | 3 | 1 | 2 |
| 8738 SCOTT ST | $769,900 | CHAPEL ACRES | Colonial | 4 | 3 | 1 | 1 |
| 6100 HANOVER AVE | $770,000 | SPRINGFIELD | Colonial | 8 | 4 | 0 | 1 |
Before you make the decision to buy a foreclosure property make sure you work with an agent who has experience in handling foreclosures evaluations for third parties and understands the process of making an offer and negotiating with a third party.
If you are interested in receiving information on any of these Fairfax County foreclosure properties or in other areas give me a call. I’ve successfully negotiated with third parties to help my clients buy a foreclosure and REO properties.
Related Articles
Virginia Foreclosure Process
Purchase Foreclosure Properties Today
Auctions and Foreclosures In Northern Virginia
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As an Associate Broker with RE/MAX Allegiance in Northern Virginia and native of the area I can assist you whether you are buying, selling or renting a home anywhere in Northern Virginia. For more information about the area or my services you can check VaRealEstateTalk or my Northern Virginia website.
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If you are interested in learning more about the Northern Virginia Real Estate market including Alexandria, Arlington, Fairfax and Prince William Counties give Cindy Jones and CJ Realty Group, Inc a call at 703-346-2213.
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