Not Every Deal is Distressed

By
Real Estate Agent with Long & Foster - Fairfax Centre Sales

Yes, there are "normal" deals out there in real estate land. From what I've heard in the news, sales meetings, and among the real estate inner circles locally and nationwide, it seems as though half the deals out there are some type of distressed situation. Indeed, a significant amount of the real estate transactions today are short sales, auction bought, or REO.

But I'm still working transactions of a typical nature. While I am involved in short sales and other distressed transactions, most of my business (about 75%) comes from non distressed deals. I'm seeing cash buyers with several hundred thousand dollars liquid and ready to go. Sellers who put 20% down on their properties when they bought a few years ago. Sellers who leveraged only 20% of the purchase price! Sellers who own their homes free and clear. There are a ton of those deals out there and well, I'm glad to be a part of them amongst all the doom and gloom.

Posted by

Alexander Elkorek - Fairfax Centre Sales

cell: (703) 424-1266 |  email: elkorek33@lnf.com | www.alexanderelkorek.lnf.com

13135 Lee Jackson Memorial Hwy, #100, Fairfax, VA 22033

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