Annandale Condo Sold in Just Over Two Weeks!

This Annandale condo, priced at $249,900 when it hit the market on September 28, 2009, sold in only sixteen days. That's not the number of days it took to get the offer. We had our contract after one day, and it was ratified on September 30th. It went to settlement this morning, October 13th.

The story behind the quick sale of this Annandale condo, located in the community of Lafayette Forest, involves a regular seller with a well maintained and lovely, contemporary condo and buyers who had been "left at the alter"...so to speak, by a prior seller. The buyers had gone to closing for the prior condo purchase on September 28th. Unfortunately, the seller did not have the money needed to make up the difference between the sale price and what was owed. The listing agent on that fiasco obviously didn't even think to list the home as a short sale.

The buyer's prior transaction fell apart the same day my seller's condo hit the market. It was a match from the very beginning.

While this Annandale condo did not sell for the list price, it did sell for the appraised value of $224,000. And the seller did not have to assist the buyer with any closing costs. Furthermore, the quick settlement happened the very last day before my seller would have been selling in a capital gains scenario.

Every once in a while, the stars align and a seller and buyer can come together to make a tight deadline. It also helps when there are true real estate professionals involved helping the buyer and seller navigate the home buying and selling process.