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Another Warrenton Short Sale-- SOLD!

By
Real Estate Agent with Long and Foster Real Estate VA License # 0225089470

This Warrenton Short Sale, located in The Villas at the Ridges of Warrenton, hit the market on October 8th, 2010 priced at $265,000.  It had only one loan through VHDA (Virginia Housing Development Authority.)  When we didn't have an offer by October 25th, the Sellers lowered the price to $248,000.  And on November 22nd, we had an offer.  A cash offer.  However, when VHDA did their evaluation of the property, the appraisal revealed a $270,000 market value.  The cash buyer was unwilling to go that high, and VHDA wouldn't take a cent less, so we put it back on the market on December 28th.

The $270,000 sales price was a tough one during the winter months.  The competition was priced below, though none in the neighborhood had SOLD below that price.  So we waited.  And on May 1st, 2011 we got our Buyer.  A full price offer.  Only issue with this offer was that the Buyer needed closing cost help to the tune of $4,000.  There was no way VHDA was going to net $4,000 less, so the Sellers graciously stepped up to the plate and offered to pay the $4,000 in closing cost help.

VHDA gave us their Short Sale Approval letter on June 8th.  And on July 27th, we went to settlement and the house sold for the $270,000 required by VHDA.  The Buyer of this VHDA Short Sale will have nothing but good things to say about the Short Sale process and the Sellers will be spreading the same good news. 

Selling a home in a Short Sale doesn't need to be a complicated process.  All you need is an experienced Northern Virginia Short Sale Agent.  I've been at this since 2007.  Give me a call if you or someone you know is facing a hardship and needs to investigate the Short Sale option.

Chris Ann Cleland, Associate Broker-Licensed in Virginia, Long & Foster REALTORS®

703-402-0037, ChrisAnn@LNF.com, www.NVARealEstate.net

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Want to read about my recent Short Sale successes?  Click the links below for some GOOD Short Sale news.

Kingsbrooke Townhouse in Bristow, VA SOLD

Faircrest Single Family Home in Centreville, VA SOLD

South Riding Townhouse in Chantilly, VA SOLD

Front Royal Single Family Home SOLD

Rippon Landing Townhouse in Woodbridge SOLD

 

Comments (10)

Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

Hi Chris Ann....everytime I see that word "another" I know you either listed another one; had a pending sale on another one or closed another one....congratulations on your sale...

Jul 27, 2011 12:48 PM
Karen Anne Stone
New Home Hunters of Fort Worth and Tarrant County - Fort Worth, TX
Fort Worth Real Estate

Chris Ann:  You surely are the "Go To Woman" for anyone anywhere near your market area who needs a Realtor who has such short sale expertise.  Hooray for you !

Jul 27, 2011 12:49 PM
Chris Ann Cleland
Long and Foster Real Estate - Gainesville, VA
Associate Broker, Bristow, VA

Barbara:  Ever since I read your post about using that very word in spreading the good news, I have always started my sold posts that way.

Karen Anne:  Great to see you!  I have certainly been seeing more this year than any prior year.  Must be the foreseeable end of the Mortgage Debt Forgiveness Act in 2012 that is making people want to do this now.

Jul 27, 2011 12:51 PM
Judy Klem
Transition Stage LLC - Shelton, CT
Home Staging, Senior Move Management, Fairfield/New Haven counties

Hi Chris Ann - Woo Hoo!!!!  Congrats on ANOTHER sold home!

Jul 27, 2011 12:54 PM
Michelle Gibson
Hansen Real Estate Group Inc. - Wellington, FL
REALTOR

Chris Ann - Congrats on selling this Warrenton Short Sale!!!!!  It's always great when you have short sale sellers who are willing to step up and make it work.

Jul 27, 2011 02:32 PM
Chris Ann Cleland
Long and Foster Real Estate - Gainesville, VA
Associate Broker, Bristow, VA

Judy:  Thanks.  It never gets old to put one in the sold column...especially a Short Sale.

Michelle:  The Sellers did what they had to do and thank God they had the ability to do that.  Not all Short Sale Sellers do.

Jul 27, 2011 03:21 PM
Jackie Connelly-Fornuff
Douglas Elliman Real Estate in Babylon NY - Babylon, NY
"Moving at The Speed of YOU!"

Hi Chris Ann, Congrats on another warrenton VA short sale home sold! You are the Queen of Short Sales and any homewner is lucky to have you on their side and so are the buyers!

Jul 27, 2011 11:31 PM
Chris Ann Cleland
Long and Foster Real Estate - Gainesville, VA
Associate Broker, Bristow, VA

Jackie:  I'm thinking I'll have my first Buyer Short Sale success this summer.  Finally think I met another competent Northern Virginia Short Sale Agent, but the the proof will be in the pudding.

Jul 28, 2011 03:27 AM
Anne Clark
Metro Referrals - Gainesville, VA

Congratulations on closing another short sale.  You are the perfect agent to deal with these things.

Aug 28, 2011 08:28 AM
Chris Ann Cleland
Long and Foster Real Estate - Gainesville, VA
Associate Broker, Bristow, VA

Anne:  I've become the perfect agent to deal with Short Sales because of my focus on them.

Aug 28, 2011 08:52 AM