Another Northern Virginia Short Sale--SOLD!

By
Real Estate Agent with Long & Foster REALTORS®, Manassas, VA VA License # 0225089470

Another Northern Virginia Short Sale--SOLD!

It's always a good day when a Northern Virginia Short Sale Agent can proudly proclaim one of their Short Sale listings is officially SOLD.   This Northern Virginia Short Sale hit the market on March 23, 2011 priced at $735,000.  The neighborhood of Faircrest in Centreville being in such high demand, we had the winning offer before six hours on the market had passed.

This particular Northern Virginia Short Sale was a Wells Fargo Short Sale and had two loans with that bank.  I've never found Wells Fargo "double headers" to be a problem, so I wasn't surprised when had our First Trust Approval letter by May 3rd.  That approval came with a contract change that affected the Buyers.  Their requested closing costs of $22,050 was countered to $14,700.  The Buyers agreed.  The Second Trust Approval came thirteen days later on May 16th. 

Naturally, the Buyers needed some time to get their inspections done, appraisal and loan underwriting completed.  So settlement was scheduled for June 24th and went off without a hitch.  The Seller avoided foreclosure and the Buyers got a great home in great condition.  Final sales price was $735,000.  And as a side note---that $735,000 sales price is the highest the neighborhood has seen since August 2008.  If you think Northern Virginia Short Sales are dragging the market prices down THINK AGAIN! 

If you or someone you know is considering a Short Sale of their Northern Virginia home, I'd be happy to help!  As a Northern Virginia Short Sale Agent since 2007, I have the knowledge and experience to get the deal done.

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

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

 

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Rainmaker
1,603,804
Joan Cox
Metro Brokers - House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Chris Ann --- Congratulations on getting this beautiful home to closing!    Short sales are so tough, and takes a lot of perseverance and shows YOU are the expert!  

Jun 24, 2011 05:34 PM #1
Rainmaker
224,700
Kirsten Lindquist
Pacific Union International - Sonoma, CA
Realtor - Sonoma Wine Country

Hi Chris Ann:  Great news for you and your market.  Congratulations on making the deal and keeping it together.

Jun 24, 2011 05:43 PM #2
Rainmaker
341,026
Lynn Pineda
Keller Williams Realty - Coral Springs, FL
Coral Springs REALTOR- Promises Delivered

Hi Chris....Excellent. Way to close another Short Sale in Northern Virginia! You are definitely the trusted Realtor in your neck of the woods!

Jun 24, 2011 06:06 PM #3
Rainmaker
746,606
Jackie Connelly-Fornuff
Douglas Elliman Real Estate in Babylon NY - Babylon, NY
"Moving at The Speed of YOU!"

Hi Chris Ann, Congrats once again for getting another Northern Virginia short sale home sold! You go girl! Any short sale homeowner will be lucky to have you take care of them!

Jun 24, 2011 06:06 PM #4
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Chris Ann Cleland
Long & Foster REALTORS®, Manassas, VA - Bristow, VA
Associate Broker, Northern VA

Joan:  They are less tough when you've got the experience and know what to expect.

Kirsten:  I know the neighborhood will be happy to see this Sales Price.

Lynn:  Coming from a fellow Short Sale Agent, that's a great compliment.

Jackie:  Thanks for the endorsement. 

Jun 24, 2011 07:10 PM #5
Rainmaker
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Susan Haughton
Long & Foster REALTORS (703) 470-4545 - Alexandria, VA
Your Client-centric Alexandria VA REALTOR

This proves my theory that GOOD (make that EXCELLENT) short sale agents are better agents, all around.  They have to know their market WAY better than a "regular" agent because pricing is so critical and they have to have superior negotiation skills!  Kudos to you for the great sale!

Jun 24, 2011 09:06 PM #6
Rainmaker
1,139,856
Michael Jacobs
Coldwell Banker Residential Brokerage - Pasadena, CA
PasadenaCA Real Estate Representation 818.516.4393

Congrats, Chris Ann --- it's a nice fact when a short sale can be a great comparable sold for the neighborhood.   Mission Accomplished!

Jun 25, 2011 01:39 AM #7
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Chris Ann Cleland
Long & Foster REALTORS®, Manassas, VA - Bristow, VA
Associate Broker, Northern VA

Susan:  Thanks.  Knowing the Short Sale process means not having to underprice listings to get them sold.

Michael:  Most of mine are.  I haven't seen a bank yet, at least in our market, that will take much less than market value on one.

Jun 25, 2011 08:46 AM #8
Rainmaker
1,273,907
Michelle Gibson
Hansen Real Estate Group Inc. - Wellington, FL
REALTOR

Chris Ann - Congrats on selling another great short sale in Northern Virginia!

Jun 25, 2011 11:01 AM #9
Rainmaker
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Elizabeth Weintraub Sacramento Real Estate Agent, Top 1% of Lyon Agents
Lyon Real Estate - Sacramento, CA
Put 40 years of experience to work for you

This is awesome turnaround time, Chris Ann. I wish I could get Wells Fargo to act that quickly in California. My short sales with Wells Fargo are a mish mash. Some negotiators use that confidential email system, which I despise because I am constantly entering my password wrong, LOL. And others are in Equator. We aren't as together on our WF short sales here as you are there. But congratulations on your closing. Just goes to show if you hire the right short sale agent in northern Virginia, your short sale will get priced properly, negotiated smoothly and closed in record time.

Jun 25, 2011 12:01 PM #10
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Chris Ann Cleland
Long & Foster REALTORS®, Manassas, VA - Bristow, VA
Associate Broker, Northern VA

Michelle:  Thanks. 

Elizabeth:  I think your Bank of America experiences are like my Wells Fargo experiences.  And I despise the secure email too.  Nothing's worse than having to log into an email that simply says, "Got it.  Thanks,"  or, "Have a great day."  When you are sending mail through secure email, don't get into a last word competition.  Ugh!

Jun 25, 2011 12:33 PM #11
Rainmaker
117,447
Anne Clark
Metro Referrals - Gainesville, VA

Congratulations on getting another short sale to the closing table.  It's no surprise to me that you would be able to market a short sale to get the highest price in Faircrest.

Sep 13, 2011 02:24 PM #12
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Chris Ann Cleland
Long & Foster REALTORS®, Manassas, VA - Bristow, VA
Associate Broker, Northern VA

Anne:  Thanks.  This one proves that all Short Sales are the worst condition.  This was an outstanding house and the price reflected that.

Sep 13, 2011 04:53 PM #13
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Chris Ann Cleland

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