How To Make Short Sale Work For You

to know about short sale and real estate below links will be helpfull

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2010 Trends In Housing of Northern Virginia



Buying Foreclosures For Sale – Making an Informed Decision

Buying Foreclosures For Sale – Making an Informed Decision

By Joseph B. Smith

Buying foreclosures for sale is not something that you should do right away, especially if you do not have any knowledge of the real estate foreclosure investing market. This type of investment needs research and planning to make sure that you are buying the right foreclosure property that can give you profit in the future.

A little research on the types of foreclosure properties that are available in the market would come a long way in helping you make an informed buying decision. So take down some notes for a profitable investment and a secure financial future.

Pre-foreclosure Homes for Sale:

Pre-foreclosure homes are distressed properties sold by homeowners who want to avoid the trouble of foreclosures. You get to negotiate directly with the homeowners to allow you to negotiate for a better price. Before you meet with the homeowner, make sure that you have arranged your finances to give you a leverage during bargaining. Distressed homeowners are desperate to dispose of their homes, thus giving you an edge over other offers to buy.

However, when buying foreclosures for sale during pre-foreclosure, make sure that you have done some research on the financial record of the property that you want to buy. Know if there are some unpaid taxes or any other liens. Also, hire a home inspector to give you a professional opinion on the condition of the house. Some major structural problems are discernible only to the expert eyes of home inspector.

Auction Homes for Sale:

Auction laws vary by state so it is important that you do some research on foreclosure auction laws in the state where you plan to buy a property. In some states, winning bidders are required to pay in cash while in others, you only have to pay 10 percent of the amount plus a letter from the bank.

Also, some states allow you to transfer to the house immediately after the auction while others still give a certain time for owners to pay for the foreclosure cost before they will allow you to take over the property. Buying foreclosures for sale is a risk-free task if you do your homework first.

Joseph B. Smith has been educating buyers on the finer points of Buying Foreclosures for Sale at for over ten years. Contact Joseph B. Smith through if you need help finding information about Buying Foreclosures for Sale.

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Northern Virginia Real Estate

What You Need to Know About Buying a Foreclosure at Auction

What You Need to Know About Buying a Foreclosure at Auction

By Joshua Martindale

If you are looking for a good deal on a house, buying a foreclosure at auction is something you should consider. Whenever a homeowner is no longer able to pay for a home, the mortgage company takes possession of the home. Sometimes, in order to recoup some of the money that was lost, the bank will sell the house at an affordable price at a government auction.

There are many advantages to buying a foreclosed home. For starters, you will save a lot of money. Instead of going through all of the trouble to obtaining a mortgage for a new home, why not buy one at an auction? According to statistics, the average home buyer saves up to 40% when buying a foreclosed house or property.

You can profit from buying foreclosed property as well. If you do not want to live in the home yourself, you can rent it out for income. The rent money you receive each month can help you pay your own mortgage on a newer home. You could also fix the foreclosed home up and sell it for a huge profit!

At least some good is coming out of the depressing economy. With all of the home foreclosures these past few years, it is nice to know that there are still ways to make money. Even if you are unsure about buying a foreclosure at auction, you can still check out some of the homes for sale.

You can obtain a schedule of upcoming auctions by looking through your local newspaper listings or on the internet. Sometimes notifications are listed in newspapers whenever a home is foreclosed. If you find a home you are interested in, notify real estate agents and attorneys in your area. You can learn more about the home.

Before buying any property, however, bring an inspector with you. Inspect the property to ensure that it is in good condition. Sometimes, when people find out that they are about to lose their homes, they will make a mess before they leave or remove all the appliances. Make sure this has not happened to the house you want to buy. Many foreclosed homes are sold “as is” for this very reason.

In addition to inspecting the property, you should also determine the ownership. Make absolutely certain that there are no existing liens on the house. Conduct a title search just in case there are any ownership problems. You don’t want to spend money on a foreclosed home only to find out that there is a lien or judgment on it.

Determine how you are going to finance the property. Is the current loan assumable? Will you have to pay cash? Will you be able to pay with credit? Different jurisdictions have different laws in regards to purchasing foreclosures at auctions. Since the legal proceedings can be confusing, make sure you are able to grasp at least the basics before going forward with your purchase.

Are you interested in Florida real estate? If you want to learn about the Florida market quickly, be sure to visit my St. Augustine real estate blog and my Daytona Beach real estate blog for more information.

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Northern Virginia Real Estate

Arlington Home Show & Expo

The 4th annual Arlington Home Show & Expo will be held Saturday, April 10 at the Walter Reed Community Center from 10 a.m. to 4 p.m.

This event will offer one-stop shopping for a wide variety of home improvements.  Admission is free as well the parking and shuttle at Arlington Career Center just minutes away.

You can learn a lot about remodeling kitchens and baths, finishing or waterproofing basements, replacing windows and doors, as well as flooring, siding, gutter, and paving solutions, security systems, insulation, landscaping, shelving, decks, and more.  There will be information on how to make your home more energy efficient and environmentally friendly.

There will be more than 50 exhibitors offering advice and services to add beauty and value to your home, as well as Realtors, local banks, Master Gardeners and Tree Stewerds, and Arlington County representatives to answer questions regarding permits, zoning, and inspections.  There will also be free classes available on a variety of subjects that would be of interest to homeowners.

Look on the Arlington Home Show & Expo website for more information.

Virginia Housing Trends
Northern Virginia Real Estate

Weatherize D.C.

WeatherizeDC is a campaign of the DC Project.  They are hoping to weatherize 200 homes by the end of March in order to save homeowners 30% on their energy bills and offset 3,645 metric tons of carbon.

Weatherization Process

The process of having your home weatherized can be confusing. WeatherizeDC breaks down the process into four simple steps you can take to reduce your energy bills and create a more comfortable home.

1. Home Energy Audit

Every weatherization begins with an energy audit to assess how your home consumes energy. A certified energy auditor will come to your home for 3-4 hours to evaluate every area and pinpoint where your house is losing energy.

Your energy audit will evaluate the performance of your home’s building envelope including the walls, ceilings, floors, doors, windows, and skylights. energy loss often occurs in places where you can not see or feel it.

2. Audit Report or Audit Review and Recommendations

After the energy audit, you will receive a detailed report from your auditor that will prioritize your home’s efficiency upgrades according to the greatest to least cost effective opportunities for energy savings. If you’ve already had a home energy audit you can participate in an audit review with your auditor to confirm and update efficiency upgrade recommendations.

3. Weatherization

Every home is different and your energy audit will dictate which weatherization improvements make the most sense for your home. In Northwest DC, frequent recommendations include sealing air leaks and adding insulation, improving heating and cooling systems, and improving ductwork.

With the WeatherizeDC Community Discount, you can typically spend $2,000-$4,000 to achieve a desired 15%-30% reduction in energy use.

4. Enjoy Your Energy Savings

After completing your weatherization you will immediately enjoy reduced energy consumption with improved comfort, health and safety.

Claudia webb RE/MAX Allegiance
Northern Virginia Real Estate

NAR to Launch HouseLogic Website

The National Association of Realtors is planning to unveil a new consumer website called HouseLogic on November 12th.  This presentation will be shown at the NAR’s Annual Conference and Expo in San Diego.  The website is designed to be a go-to resource that will help homeowners protect, maintain, and enhance the value of, for most, their most important investment; their home.

The site will also contain business building tools and information for realtors as well as content designed to help realtors maintain contact with their clients after the sale.

The site will also allow homeowners and realtors the ability to speak together to federal legislators on public policy issues on which homeowners and the real estate industry have a common interest.

The HouseLogic website will be promoted to consumers beginning February 2010.  Until that time it will be in beta and promoted mainly to realtors to become familiar with it and provide feedback to  Further details will be coming in REALTORS Magazine Daily News and at


Claudia webb RE/MAX Allegiance
Northern Virginia Real Estate