Two Short Sales Listed for Only Two Weeks Under Contract!
1404 CHURCH HILL PL #1404, RESTON, VA 20194
Elegant 2 bedroom, 2 full bath condo in great location. With a private gated courtyard & entrance this home features cathedral ceilings, loads of windows & light, open floor plan, living room w/cozy fireplace, dining room opens to large kitchen with ample cabinetry & space. Balcony off LR & MBR! MBR has walk in closet. Full size front loading W/D. Walk to the shops at North Point. Great Amenities! This home was only on the market for 13 days!!
15574 HORSESHOE LN #574, WOODBRIDGE, VA 22191
This beautiful light & bright 2 bedroom condo backing to trees is loaded with upgrades! Features include a great open floor plan, crown molding throughout, recessed lighting in living room, kitchen with granite & stainless steel appliances. Master has walk in closet, both BRs wired for ceiling fan. In unit W/D, extra storage, 2 parking spaces! Minutes to VRE, shopping & more! This home was only on the market for 12 days!!
Why is it called a short sale?
The name “Short Sale” is definitely misleading especially to the general public who tend to take it as being a fast sale on a home. This can be confusing and frustrating as many people find out their “short sales” do not in fact take a “short” amount of time.
The term “short sale” comes from the seller coming up “short” on their loan. The seller is trying to avoid foreclosure, so is therefore trying to make a deal with their bank. Their home is now worth less than they owe on it. They essentially negotiate with the bank to “shorten” their loan and accept a lesser amount of money to pay it off.
A short sale can take anywhere from 30 days to a couple years to complete. The seller has to go back and forth between the bank to get the bank to accept less money. This is an in depth process and can take a while especially if the agents involved do not keep close tabs on the bank and other parties involved.
If you are considering either buying or selling a short sale, please give our team a call. We can help make the process much less painful than it has to be. We have a lot of experience with short sales and know how to negotiate well with the banks to try to get an acceptable offer in a reasonable amount of time.
Jennifer Young Homes
Keller Williams Realty
