Just Sold in Crest Ridge Estates, Woodbridge, VA

By
Real Estate Agent with Long and Foster REALTORS®, Gainesville, VA VA License # 0225089470
https://activerain.com/droplet/4NKQ

Just Sold in Crest Ridge Estates, Woodbridge, VA

On October 4th (2015,) I had the pleasure of listing 11648 Crest Maple Drive in the community of Crest Ridge Estates in Woodbridge.   The market analysis I had run at the listing appointment just a month prior revealed not too many comparable sales in the actual community.   Not unusual since there are 11648  Crest Maple Drive in Woodbridge sold on February 12th, 2016 for $515,000.only 100 homes in the neighborhood.  However, based on what had sold, what we were competing with and the upgrades the sellers had done to the home, we picked a list price of $540,000.  We knew we were reaching a bit because we had one of the smallest homes in the neighborhood and were competing with a larger home priced at $550,000.

When that neighboring property went under contract, we knew it was time for an adjustment in price.  On October 25th, the list price was lowered to $525,000.  Activity picked up, but still no offers.  The Sellers actually made a reverse offer to a buyer on the fence before reducing their price again.  Unfortunately, that buyer really wasn't as interested as they thought.  The reverse offer revealed that.    On December 10th, another price adjustment was made, this time to $515,000.  That did the trick.

On December 13th, they received an offer.  A very low offer, but an offer.  Negotiations quickly revealed an unrealistic buyer.  Next!  On December 20th, another buyer appeared, but another low offer.  To go higher, they had to bring in family on the loan.  And their lender didn't want to work the weekend Kitchen/Morning Room--11648 Crest Maple Driveof Christmas.  That ended up costing them.

While no one else wanted to work that weekend, I sure did.  We had an open house on December 26th and two days later, got a much better offer. Unfortunately, the second buyers improved offer didn't yield enough for the seller, compared to third buyer.  The contract with the third buyer was ratified on December 29th.

Settlement occurred on February 12th (2016) for full list price of $515,000.  The sellers gave closing cost assistance to the buyer.  After three offers, it was obvious there was no getting away from it.

This sale proves that no time of year is a bad time to list your Crest Ridge Estates home.  Multiple offers the week between Christmas and New Year's proves that.  

When you are ready to sell your Crest Ridge Estates home, go with experience.  With over eleven years experience in full time Prince William County real estate sales, I know the ropes and will make sure you get the most you can for your Crest Ridge Estates home.  

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Home Selling
Location:
Virginia Prince William County Woodbridge Crest Ridge Estates
Groups:
City and State
America's Best Agents
Bartender, Make it a Double
HyperLocal Neighborhood and Community Posts
Post Your Properties Here
Tags:
recent sales in crest ridge estates
crest ridge estates home values woodbridge va
crest ridge estates property values woodbridge

Spam prevention
Show All Comments
Ambassador
2,755,848
Dick Greenberg
New Paradigm Partners LLC - Fort Collins, CO
Northern Colorado Residential Real Estate

Hi Chris Ann - Congratulations on the sale of that lovely home, and very nice job staying on top of this to keep everything on track. Have a great weekend!

Feb 12, 2016 08:26 AM #1
Ambassador
3,674,552
Patricia Kennedy
RLAH Real Estate - Washington, DC
Home in the Capital

Chris Ann, third time's the charm!  The sellers must be pretty happy right about now!

Feb 12, 2016 12:11 PM #2
Rainmaker
1,528,327
Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West & Geneva Financial, Llc. - Carlsbad, CA
Presence, Persistence & Perseverance

Good Morning, Chris Ann Cleland and Saturday morning congratulations to you on this successful home sale!

Feb 12, 2016 10:23 PM #3
Rainmaker
3,268,499
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hi Chris Ann --- a closed sale is a good thing.  Congratulations.  There isn't always a clear path in real estate but knowing how to navigate the route to success is one of things that makes a difference.  You certainly understand and have mastered this.   

Feb 14, 2016 12:08 AM #4
Rainmaker
2,189,507
Elizabeth Weintraub Sacramento Realtor Top 1%
RE/MAX Gold - Sacramento, CA
Put 40 years of experience to work for you

Wow, Chris Ann, working the day after Christmas shows how utterly devoted you are to selling real estate in Northern Virginia. And to get multiple offers just before New Year's is incredible all by itself! Congratulations!

Feb 15, 2016 03:18 AM #5
Rainmaker
2,957,668
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

Congratulations on the sale. What a nice home Chris Ann Cleland 

Feb 15, 2016 07:48 AM #6
Ambassador
3,936,187
Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude

Congratulations on this closing. Your knowledge about the market conditions over time, and your devotion to your clients did the trick. And yes, homes DO sell during the holidays!

Jeff

Feb 15, 2016 09:19 AM #7
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Ambassador
3,079,616

Chris Ann Cleland

Associate Broker, Bristow, VA
Email Me For a Free CMA of Your Home's Value
*
*
*
*
Spam prevention