Completed Short Sales have Tripled since 2008

According to the Washington Post, September 26, 2010 edition, completed short sales have tripled since 2008. They feature a community on Brewer Creek Place in Manassas, VA where Traci and I successfully sold a short sale last November. Like many communities in Northern Virginia, Maryland, and Washington DC short sales are becoming more and more relative. Particularly communities like that located at Brewer Creek Place that were built around 2005.

As more people are pursuing the short sale option, the banks are becoming more likely to accept a short sale. Dan and Traci & Consultants with Keller Williams Realty are currently working with over 40 home owners to help them avoid foreclosure by completing a short sale and expect to be successful with most.

As mentioned in the Washington Post article, there are numerous challenges to successfully completing a short sale. A top notch Realtor in Phoenix, AZ, Jay Thompson explains some of the challenges of a short sale in his blog. We have found that our keys to success are perseverance, dedication, and a team that NEVER gives up. We certainly believe that none on our team would be successful by ourselves and that it takes an entire team to be successful with completing a short sale.

Yes, the work is hard. Yes, our compensation is often lower than in traditional sales. Yes, our costs are much greater than in traditional sales. But, the reward of helping homeowners avoid foreclosure is well worth it!!

If you are upside down on your mortgage and need to sell, learn about the Top 5 Steps to Short Sale Your Home