Archive for the 'Short Sales & Foreclosures' Category
What To Expect When Dealing With The Bank On Bank-Owned Properties
There is a lot of confusion right now for buyers in knowing what to expect when placing an offer on a bank owned property. When banks place a home on the market they usually set their price according to a BPO (Brokers Price Opinion) given to them by a cooperating agent that...
Letting The Cat Out Of The Bag On Short Sales
There has been a conspiracy for years that Walmart will offer the lowest prices and when everyone else is out of business they will raise prices since we will have to use their services. I am not convinced of this argument, but their is a similar issue taking place in...
DC’s Foreclosure Comparison
Foreclosures are everywhere. Not just low income areas. From the smallest of homes to mansions, foreclosures have no preference.
How does the Northern VA market compare to other metro areas in the United States? Are we the only area struggling to move past this?
Here are the stats comparing us with other large metro areas in the...
3 Reasons You Should NEVER CONSIDER A Short Sale
I had a stroke of metaphorical brilliance this morning while speaking with a client.
The more I deal with and learn about short sales the more I see them as the worst thing that has ever hit the real estate market. The problem is that clients are easily allured by them...
4 Terms You Must Know As A Buyer
I attended an investor meeting around a year ago in the area. People were going around the room and talking about transactions that they were working on at the time. A guy spoke up to mention that he was working on a "short sale" transaction. The leader of the meeting interrupted him to take a...
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