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A short-sale success story… another home sold
August 3, 2009 by Doug Francis · 1 Comment
I managed to get another home sold as a short-sale last week for a buyer client. This one was in Herndon and is a pretty big house, but it was grueling for my clients as information came super-slow from the other side. Honestly, the whole set up stinks because everyone (buyer, seller, agents, inspectors, and even the attorney’s) are working at the whim and discretion of the bank which can reject the whole thing at the last minute.
A few month’s ago I put together a post on real estate short-sales and what to expect, but now feel that it takes a tremendous leap of faith from everyone involved to get one of these done. I believe that these clients submitted three short-sale offers before getting this home.
Here are my random musings…
Today's Real Estate sites all show you the listings, but home buyers and sellers need real, strategic advice more than ever. You can start right here! Northern Virginia areas like Vienna, Oakton and McLean have some excellent home buys right now. My blog has plenty of insight into today's market, some practical advice, ideas to get you moving, and also a way to search for homes. I live here, know the market, and look forward to talking with you about real estate. Cheers! 
Enjoyed your blog post, Doug! And certainly, to anyone out there who is considering making a run at a short sale who has not done so before, heed this man’s words! Patience and persistence are the keys to success, and be aware that you might lose a few times before you succeed.
That being said, if you are not in a hurry and don’t mind a challenge, good hunting to you! You might get a great deal.