Gorgeous Short Sale Just Listed in Hamilton VA!
38270 STONE EDEN DR, HAMILTON, VA 20158

 
Magnificent setting for this gorgeous home on 3 acre lot backing to trees. 2 car side load garage, over 3,300 square feet on 3 finished levels, 5 bedrooms, 4.5 baths with 3 full bathrooms upstairs. Formal living room, dining room and study on main floor.
Bright open gourmet kitchen with breakfast room, stunning family room with Palladian windows. Hardwoods through out entire main and upper. Master bedroom suite with luxary master bathroom. Fully finished walk out lower level with rec room, 5th bedroom and full bath. Huge deck, screened porch, and GORGEOUS views! Call us to schedule a showing!
This short sale is with Shell Point Mortgage company.
There are benefits to buying a short sale and yes, you have to weigh them along with disadvantages. But they just might be worth it for you!
Some benefits include the following:
1. Less competition
A short sale home can be a hassle to purchase because it can take 30 days to 6 months for a bank to approve a purchase price. As frustrating as this may be, the hassle may be worth it for you to be able to get a home in your target price range or neighborhood that you may not otherwise be able to afford. And since there is a hassle, less buyers are willing to look into buying short sales.
2. You may get a DEAL
Because short sales are less sought after, the price may be lower than fair market value to attract other buyers. The home may also have some minor to major repairs to be done if the sellers were in a real financial hardship. If you are willing to do the work or pay for the work to be done, you may be able to negotiate a lower price because of the needed repairs. Whether you are getting a few thousand to tens of thousands discount, it may be worth it because there is less competition and you may LOVE the house.
3. Favorable Conditions
The sellers are getting help by not having to go into foreclosure. They are eager to sell their home to you to keep this from happening. With foreclosures, the previous owner may be resistant, destructive and often times have to be evicted after you purchase the foreclosure. This is not the case with eager short sale sellers.
The bank is also eager to keep this home out of foreclosure which costs the bank much more time and money. They may negotiate a better price or possibly a lower interest rate if you get the loan through them. Definitely worth looking into!
There are of course disadvantages to buying a short sale property, but these are 3 great benefits to keep in mind! If you are looking to purchase a home or a short sale property in Northern Virginia, give our team a call! We pride ourselves in our knowledge and success with short sales!