Oct 7, 2014

Spotsylvania Short Sale Just Reduced!
7101 MARSHALL PARK LN, SPOTSYLVANIA, VA 22551

Charming Cedar home on fantastic secluded 3.88 acres, beautiful and private country setting yet minutes to everything, 95, high school and more! In-ground pool, front porch, 3 FPs, 2 additions have made this home spacious and loaded w/upgrades. Main level MBR w/lux MBA. LR & DR, spacious kitchen w/breakfast bar opens to cozy family rm. Rear deck, large detached workshop w/power. Too much to list!
JUST REDUCED FROM $325,000 to $299,000
Give us a call today to inquire our schedule a showing! Charming home on almost 4 acres at a great price!
 
Short Sale Owner’s Role Vs Foreclosure Owner’s Role
The role of the owner in short sales is definitely different then their role in a foreclosure. Their are benefits to buying either a short sale or a foreclosure when it comes to finding a good deal but the role the owner plays in each scenario can be drastically different.
1. Motivation
A short sale owner is very motivated to sell their home. The owner is trying to sell their home before it goes into foreclosure. If they can avoid foreclosure, they avoid a lot of financial burden and long term consequences. So these owners are motivated to be on the buyer’s side.
Foreclosure owners on the other hand can be a huge issue. They do not want their house sold, and many will fight it tooth and nail. Sometimes, it is the buyers responsibility to evict the old owners once the house is bought. There have been times where the original owners have trashed their home out of spite. These issues do not arise in a short sale situation.
2. Price Agreement

The short sale owner does not usually worry about how much the buyer offers, as long as the bank approves it. They might be frustrated that they paid much more than the new buyer might be paying, but they are usually very grateful to just be out from under the financial burden of owing more than their house is worth.
3. Cooporation

Sellers for short sales are ready to cooperate with the buyers. They will try to keep their house in better shape than those in a foreclosure situation who may not want their house to sell or are so financially unstable that they cannot keep up with general house maintenance.
The owners of a short sale are much easier to work with and more motivated than those of a foreclosure. If you find yourself looking to buy short sales or in a position needing to short sell your home in the Northern Virginia area, please give us a call so we can help you through the process!
 
 

Read Next

Jennifer Young Homes’ 9th Annual Coat Drive

Jennifer Young Homes’ 9th Annual Coat Drive

Jennifer Young Homes’ 9th Annual Coat Drive It's officially fall and the season of giving is here! As such, it’s time for Jennifer Young Homes’ annual coat drive for the underprivileged in Eastern Prince William County. We feel extremely fortunate to be in our 9th...

Buying and Selling Homes Safely During COVID-19

Buying and Selling Homes Safely During COVID-19

The real estate market is still strong and online tools are now becoming the norm. While the home-buying process looks a little different in many places right now, people are continuing to buy and sell safely. In some places, temporary business closures are affecting...

What Will Homes Look Like In A Post-pandemic World?

Better family gathering space. More comfortable bedroom space. Peaceful and private outdoor space. If those items tick your preferred “quarantine home” boxes, we get it.  The truth is that being stuck at home—in a home you don’t necessarily love—stinks. So, we...