Continuing to examine and hold a lively discussion of the Northern Virginia Real Estate market.
Please post your local house search updates, MLS finds, on-topic ideas, and links here.
Is anyone seeing trickles of better inventory?
http://franklymls.com/DC7376606Check this out, bought. 2007 for 610kNow Foreclosed, selling for 310kWith closing costs assistance, now50% offAnd it's clean
10%/$60K price drop for this N Arl SFH. i think it's a likable house, yes?
http://franklymls.com/DC7090416assessed at 410K, sells for 249K,including the 8K buyers bribethis was 40% off of assessed price.
What do you do when you are building a house for over a year and no one is willing to pay your asking price?"Willet charmer"That's right - raise the price, AFTER people can no longer customize the place, by $50K. And six months later, after a hot selling season and the house has not sold, keep the price at that same level.
MM, I have mixed feelings about that house. The sad yard suggests to me that it may have been a rental, and if so, all those replacements/updates MAY be the cheapest that they could do to get the look or function they wanted. And it's small, and it's on a semi-busy street, if I recall that part of J. Marshall correctly. On the other hand, if I'm wrong about the upgrades, that looks like a good price. And you could greatly improve that curb appeal with a few seasons of work and care, and very little additional $ (unless you wanted to spend it).
ps MM, I just noticed that the description said the seller will help with landscaping expenses (very unusual!). I would spend part of it on moving that weird gutter near what I think is the front door.
Ace-I agree that seems crazy that they would raise the price after it is too late to customize the house. My guess is that they will wait another couple months and realize they need to start lowering the price.Pat-Wow I am amazed that house sold for 610K with the great gas station view... Although seeing the person asked for a 5% seller subsidy and was foreclosed within a few of years they probably had no downpayment and only made a couple of mortgage payments so I guess the price didn't impact them much.
Aceif i got it right the owner is an army colonel.i think she engaged in strategic default
I know property guys have been really going well with sell your self but what about buying. Using an agent seems to be the only option and then that becomes a problem since they won't show private sales.real estate
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