This short sale, located in the gated community of Piedmont, hit the market on April 15, 2009. It was under contract one day later and sold on June 30, 2009.
There was only one loan through Wells Fargo. It was a very quick process. And the final sales price was $385,000, just $4,000 below the appraised value...$13,000 below list price.
The sellers owed no additional money to the bank. The buyers got a GREAT HOUSE that others buyers may have avoided because of the necessary third party approval by Wells Fargo.
It really does help the short sale approval process to have a listing agent who knows how to get your listing APPROVED and SOLD.
Serving Prince William, Fairfax, Fauquier & Loudoun Counties as a Realtor and Short Sale Specialist. A full-time professional that can be your Trusted Advisor in your next real estate transaction.
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Well now that is a win-win! Congratulation!
Pat: This is the one I'm taking Cindy to lunch for referring to me. Still free on Friday to join me in treating her?
Two and a half months is pretty good, Chris Ann. Buyers who are patient end up with good deals, just as your sale shows. Pity on all those who thought a short sale would take too long to get approved. They missed out.
Elizabeth: As you and I know, a lot of it depends on the skills of the listing agent.