Parks at Piedmont Condo SOLD in Gainesville, VA!!!

Real Estate Agent with Long and Foster REALTORS®, Gainesville, VA VA License # 0225089470

Parks at Piedmont Condo SOLD in Gainesville, VA!!!

Parks at Piedmont is a great place to call home.  Three and four story condos with attached one garages are a sight that catch many home buyers' eyes.  Especially those that are shopping under the $200,000 price range.  Sadly, however, not all buyers have the ability to buy a Parks at Piedmont condo.  Increased investor ratios and over 15% delinquency rate has made this a no-go for over a year for FHA financing and even some conventional mortgages.

Luckily, my buyers had a great lender who worked their conventional financing through Chase, who did not require a condo financial statement.  They closed on their home this morning!

The property was bank owned and presented no problems at the home inspection.  The buyers were also able to get the majority of their closing costs paid by the seller.  And having been home shopping with these buyers for nearly one year, I could not be more pleased to see them getting such a great deal on a home in the community that first caught their eye. 

We experienced disappointment after disappointment.  One short sale that ate up several months of time, only to leave them back in the house hunt.  And  from there, many rejected offers on bank owned properties, and a feeling of resignation.  Thankfully, that feeling was temporary and they ventured back into the market in December 2009, only to find their home on the very first trip back out after their breather.

This sale in Parks at Piedmont also gives buyers who are able to finance with conventional loans a chance to buy in this community.  A chance that FHA is simply not able to provide at this point in time.   

Comments (10)

Cindy Jones
Integrity Real Estate Group - Woodbridge, VA
Pentagon, Fort Belvoir & Quantico Real Estate News

Congratulations.  They look happy and they had an agent who stuck with them through thick and thin!

Jan 21, 2010 10:50 AM
Jackie Connelly-Fornuff
Douglas Elliman Real Estate in Babylon NY - Babylon, NY
"Moving at The Speed of YOU!"

Chris Ann, this has to be the best story I've read! They do have an awesome agent so it doesn't surprise me that they went back to you after their breather. They must be so happy! :)

Jan 21, 2010 11:01 AM
Debe Maxwell, CRS | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

Hi Chris Ann!  Congratulations!  Your buyers surely did go through the mill to get this condo--and you as well!


Jan 21, 2010 11:04 AM
Chris Ann Cleland
Long and Foster REALTORS®, Gainesville, VA - Bristow, VA
Associate Broker, Bristow, VA

Cindy:  The process is complete.  (contented sigh)  :)

Jackie:  When I called them for permission to use the picture I took of them today they thought I was calling with bad news.  It's certainly been a rough road. 

Debe:  We had a celebration lunch today.  Was nice to talk over other things in life besides offer strategies and short sale pitfalls.

Jan 21, 2010 11:18 AM
Michelle Gibson
Hansen Real Estate Group Inc. - Wellington, FL

Chris Ann - Congratulations on your sale in the Parks at Piedmont in Gainesville VA!!!

Jan 21, 2010 11:59 AM
Chris Ann Cleland
Long and Foster REALTORS®, Gainesville, VA - Bristow, VA
Associate Broker, Bristow, VA

Michelle:  Thanks.  I am so pleased this had a happy ending.

Jan 22, 2010 11:49 AM
Liz Loadholt
Liz Loadholt- AgentOwned Realty- Covering SC - Mount Pleasant, SC
Realtor--Broker-in-charge - Trainer--Relocation Director Covering SC

Chris Ann ---- congratulations on a successful sale for this special couple --lucky that they found a lender to finance it. As usual, you did a tremendous job for your clients.

Jan 23, 2010 07:18 AM
Chris Ann Cleland
Long and Foster REALTORS®, Gainesville, VA - Bristow, VA
Associate Broker, Bristow, VA

Liz:  I really do love my job.  Can't imagine doing anything else.

Jan 23, 2010 08:46 AM
Robin Rogers
Robin Rogers, Silverbridge Realty, San Antonio, Texas - San Antonio, TX
CRS, TRC, MRP - Real Estate Investment Adviser

Hurray! Way to stick with it, Chris Ann, and help your clients achieve their goals!



Jan 24, 2010 01:05 AM
Chris Ann Cleland
Long and Foster REALTORS®, Gainesville, VA - Bristow, VA
Associate Broker, Bristow, VA

Robin:  Thanks.  They were moving in this weekend.  Bet they are tired, but still happy.

Jan 24, 2010 01:55 AM

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