Tag Archive: Short Sale

Harsh Realities: Northern Virginia’s “Hot” Real Estate Market Has A Dark Side

Many, myself included, often boast about Northern Virginia, and DC’s hot real estate market. There is a lot of substance to that angle; the number of homes selling in a mater of days, or the number homes selling with multiple offers are top of mind for me. Despite the continued struggles around the country, places…

Orange Line Corridor “Double-dip”: Some Perspective

I am here only to add a caveat to my post on Tuesday, troche which suggested that the Orange Line Corridor condo market in Arlington had already seen a double-dip in prices, and was possibly even heading the direction of a triple dip. If you read that post chances are you came out of it…

A View of The Market From Chris Cooley’s House

No, I did not go to Chris Cooley’s house, but his house does tell us a good story about the Northern Virginia Real Estate market. Purchased a couple years ago for nearly $3,000,000  the home is now estimated to be worth under $2,000,000 according to a recent article in the Washingtonian. At nearly $1,000,000 underwater…

Short Sales: A Home Buyer Opportunity in Northern Virginia?

This week I posted short sale listings for a number of localities in Northern Virginia and during the process I was intrigued by what I was finding. I made the statement yesterday, and expanded on that same statement in the video above: Short Sales could possibly present a great buying opportunity for the right buyers….

CDPE, And What it Means For You

TRUE: • There are options for someone in foreclosure (and before) • Lenders are approving Short Sales • 57% of troubled borrowers never communicate with the bank FALSE: • Short Sale and Foreclosure have the same impact on your future • Banks are looking to take over property • Only “sub-prime” borrowers are in touble…