Another Braemar Home in Bristow, VA---SOLD!!

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

Another Braemar Home in Bristow, VA---SOLD!

At the beginning of 2011, I was contacted by the owners of 10033 Pentland Hills Way in Braemar to sell their Braemar Courtyard home.  It was a Ballston model. 

We got this Braemar Courtyard home on the market on January 31st, priced at $340,000.  At the time, there were tenants in the home.  And it appeared they would be cooperative.  Well, that was not the case.  The tenants took what had been a hot market and what should have been a fast and easy sale and drug it out.  When Braemar Courtyard homes were demanding prices higher than $340,000, the Sellers' tenants were uncooperative with showings.  It got so bad that Buyer's Agents were being turned away at the door.

The Sellers had to re-evaluate their position in the market as being the most expensive home now listed, which had NOT been the case when they started.  So on March 31st, the price was reduced to $327,500.  Meanwhile prices in the Braemar Courtyard homes continued to see decline as more and more owners put their homes on the market.  And the tenants continued their uncooperative act until the Sellers were legally able to give them notice to vacate.

By the time the tenants had left, the Braemar Courtyard home values were lower and these owners had a choice to make.  Work with one of the offers on the home, or continue to lease and possibly sell next year. They decided to make a deal, not knowing what 2012 would bring, or what type of tenants they would then be working with.  So the Sellers accepted a cash offer on July 12th that could settle quickly.  While it was a long way off from their $340,000 asking price in January, the property did sell on August 5th for $305,000. 

If you want to know the value of your Braemar home in TODAY's market, let me know.  I've been a full-time Bristow real estate agent and Braemar resident since 2005.  No one knows Braemar better!

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

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

________________________________

That's not all I've sold.  Click the links below for more of my recent sales.

Condo in Warrenton, VA SOLD

Kingsbrooke Townhouse in Bristow, VA SOLD

New Construction in Gainesville, VA SOLD

Single Family Home in Haymarket, VA SOLD

Faircrest Single Family Home in Centreville, VA SOLD

Morris Farm Single Family Home in Gainesville VA SOLD

South Riding Townhouse in Chantilly, VA SOLD

Front Royal Single Family Home SOLD

Rippon Landing Townhouse in Woodbridge SOLD

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Rainmaker
180,034
Dana Scanlon
Keller Williams Capital Properties - Bethesda, MD
Bethesda MD- Award-Winning Bethesda Realtor

Congratulations on the Sale! Looks like it was a great place~

Aug 05, 2011 03:52 PM #2
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Chris Ann Cleland
Long and Foster REALTORS®, Gainesville, VA - Bristow, VA
Associate Broker, Bristow, VA

Dana:  It was a great home.  And the new owner is going to love it.

Aug 05, 2011 04:57 PM #3
Rainmaker
322,220
Laura Sargent
Carolina One Real Estate - Mount Pleasant, SC

A cash offer... woo hoo!  Still i's to dot and t's to cross but not dealing with appraisers, banks, and added timelines is always a GREAT thing for all.  

Aug 05, 2011 05:46 PM #4
Rainmaker
375,516
Lloyd Binen
Certified Realty Services - Saratoga, CA
Silicon Valley Realtor since 1976; 408-373-4411

Chris Ann,

First, congrats on your closing.  I think every closing reflects a job well-done otherwise there wouldn't be a closing.  Treat yourself to a double-chocolate Cupcake Heaven cupcake.

Second, the details of RE transactions is something I'll never tire of hearing.  I always find them interesting and I like how you told this story.   

Third, I'm curious, how much rent did the former tenant pay, if that's not confidential?  Or, how much is the "market" rent for a Braemar home that sells in the low $300,000 range?

(p.s. save some of that commission for the Vet bills).  Here's a cat picture you'll like.

  

Aug 05, 2011 07:35 PM #5
Rainmaker
1,006,260
D B
Quakertown, PA
e-PRO, Realtor - Bucks County PA - 610-952-3578

SOLD!  How nice!  COngratulations !

Aug 05, 2011 11:19 PM #6
Rainmaker
147,142
Carol Barron Cross
SUNFLOWER HOMES & EQUESTRIAN LLC - Palm City, FL
Sunflower Homes & Equestrian LLC

What a good feeling! Success. Congratulations to your sell. We all love those.

Aug 06, 2011 12:36 AM #7
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Chris Ann Cleland
Long and Foster REALTORS®, Gainesville, VA - Bristow, VA
Associate Broker, Bristow, VA

Laura:  Cash offers do make life easier.

Lloyd:  The details are important.  And the rental price, I believe was $1800-$2000/month on this home.

Donald:  Only four more sales to go before hitting this year's goal of 21 houses.

Carol:  Success stories are a must for the blog.

Aug 06, 2011 02:01 AM #8
Rainmaker
1,045,687
Fred Carver Personal Real Estate Corporation
RE/MAX Camosun Victoria BC Real Estate - Victoria, BC
Accredited Real Estate Consultant

Hi Chris Ann...It's always Nice to see Sold Signs, I'm sure the Sellers are relieved and now they can now get on with their lives.

Thanks for Posting in Our Success Stories where your post is featured!

Aug 06, 2011 01:29 PM #9
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Chris Ann Cleland
Long and Foster REALTORS®, Gainesville, VA - Bristow, VA
Associate Broker, Bristow, VA

Fred:  It's my pleasure.  Glad to see a group like this!

Aug 07, 2011 05:47 AM #10
Rainmaker
1,333,294
Michelle Gibson
Hansen Real Estate Group Inc. - Wellington, FL
REALTOR

Chris Ann - Congrats!!!  I cringe every time I hear the would tenant occupied, which I'm actually dealing with a difficult one as we speak.

Aug 07, 2011 06:02 AM #11
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Chris Ann Cleland
Long and Foster REALTORS®, Gainesville, VA - Bristow, VA
Associate Broker, Bristow, VA

Michelle:  It was awful right up until they left, then it got easier.  Unfortunately, the market had dropped off enough to be painful to the clients, but not something they couldn't work with.

Aug 07, 2011 06:23 AM #12
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Chris Ann Cleland

Associate Broker, Bristow, VA
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