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What is Reasonable to Negotiate When You Buying a Northern Virginia Short Sale?
What is Reasonable to Negotiate When You Buying a Northern Virginia Short Sale?
The question above can bring to mind many aspects of a real estate transaction.  Price is first and foremost, followed a close second by closing cost help.  Then there's condition.  And last, but not least, conveyances.
PRICE:  Forget what you've heard about bagging a Northern Virginia Short Sale for 50% of it's market value.  Banks are losing money hand over fist.  If you think a seller in a traditional sale can be a pain when it comes to getting their price, you haven't worked with a Short Sale Bank.  Treat making an offer on a Northern Virginia Short Sale like you would making an offer on any other home when it comes to price.  What matters most when comparing it to the other sales in the neighborhood is condition and similarity to those that have sold.
CLOSING COST HELP:  Just because a seller of a Northern Virginia Short Sale is not making a profit on the sale of their home, there can be tax consequences on the forgiven mortgage debt.  So the more money that goes to the bank, the better.  Remember, it's not the bank paying those closing costs, it's actually the ... more

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