15427 Meherrin Court, Centreville, VA 20120

Located in the sought after community of Virginia Run

Exceptional lot in highly desired VA Run! Beautiful Single Family Home with hardwood floors; roomy kitchen with double wall ovens, cooktop and breakfast area; cozy family room with fireplace; luxurious Master Suite with 3 closets, separate sitting room with skylights, and private bathroom with separate shower, double sinks and soaking tub; full guest bathroom with 2 sinks; finished lower level with possible 5th Bedroom, full bathroom, recreation room and storage.

For more info and pictures click here: http://www.postlets.com/repb/7460438

If you or anyone you know is thinking about buying or selling in Northern Virginia please give us a call at 703-297-4251!

43230 Chokeberry Square, Ashburn, VA 20147

 Located in Ashburn Farm

 Beautiful Providence Townhome in Ashburn Farm! Features include Hardwood Floors in foyer and kitchen; separate dining room; spacious living room with gas fireplace; sunny deck with steps leading down to brick patio and fenced in yard; luxurious Master bedroom with full bath and walk in closet; walk out lower level with recreation room, rough in Bathroom and storage area. All appliances less than 2 years old!

For more details click here: http://www.postlets.com/repb/7233050

This past month we just sold a short sale in Ashburn Virgina, the lender was Wells Fargo Home Mortgage.  This was an interesting one because the first trust (also Wells Fargo) was getting a full pay off, so only the second was being shorted.  The short sale took about three months to get approved and closed.  The owners owed about 100k over what the home was worth.

We got an email from the owner last week thanking us for getting the short sale sold and said "it was the best experience I have had with selling real estate!".   

If you know anyone that is having trouble with paying their mortgage, or must move and they owe more than what their home is worth, give us a call!  You can reach us at 703-297-4251 for a FREE consultation on how we can help you!

On Friday we closed on a Chase Short Sale in Aldie, Virginia and were able to get the deficiency fully waved as well as get our clients a 3,000 dollar relocation fee. This was our fasted approval since we have started doing short sales.  We got it approved in 30 days from start to finish.  The largest hiccup was the first buyer on the property could not get financing, so we had to put the house back on the market.  We were able to get a new buyer, new approval within a week, and we closed on Friday.  Chase was the only lender on the home, and the negotiator that was assigned to this file was great to work with.  Here is the break out of how much was owed versus the approval: 

$412,000     Balance Owed

 - $290,000     Sold Price         

      $122,000        Deficiency Waved

If you or someone you know is struggling with their mortage, give us a call at 703-297-4251!  We can help!

We were very pleased to receive the approval letter from a short sale we have been working on for quite some time in the South Riding community in Chantilly Virginia, there were two loans, the first is Bank of America and the second is with Chase.  This has been a very difficuly situation with Bank of America AND Chase, and we were so excited to be able to share the great news with our client today. 

We had a few different buyers on this property, and the last buyer has stuck with it!  The bank had originally not accepted the original offer by 5,000 dollars, and we had to put the home back on the market.  The new buyer is absolutely thrilled and we will be closing in the next few weeks.  The owner owed over 500,000 on his home and the bank forgave over 200,000.  If you know of someone that is having difficulty paying their mortgage please have them call us at 703-297-4251 or visit www.ShortSaleAssistVA.com

I have attached copies of the bank of america approval letter and the chase approval letter as well.  We hope you find it helping to know what to expect if looking at the short sale option. You can view them below:

Happy Spring to all of the wonderful homeowners of the 20105 zip code!  The spring market is in FULL FORCE in our community!  We are seeing homes go under contract pretty quickly.  We are seeing more competition with builders on our resale listings, because of the new Stratshire Crossing Community.   

In March we had 14 homes sell, which is great news, BUT we have even better news!  Out of the 14 homes, 10 of them were “regular sales” (i.e. not short sales or Foreclosures).  Typically in our area the distressed properties out weigh the non- distressed properties.  This is very exciting that we are starting to see this crucial turn in our local real estate market. 

If you have an “adjustable rate mortgage” and have tried to refinance but it has not worked in the past, we would suggest calling your lender again.  Because we are seeing prices increase slightly, you might be able to refinance now.   OR if you looked into selling your home previously and could not, this might be a good time to look at this option again as well.  Give us a call at 703-297-4251 to discuss either of these options and we would be happy to give you guidance. 

The chart below goes over the details of every home that sold in the 20105 zip code in the month of March:

We are fortunate to live in such a vivacious economy here in the DC Metro area.  This is great news if you are a property owner and if you are condisdering buying but just aren't sure this is important information to understand as you weigh your options.  For the full report go to 10 Real Estate Markets to Watch in 2011 and to see the data on the DC Metro Area go to DC Metro Area #1.

Interest rates are still relatively low and if you would like a free no obligation pre-approval feel free to visit one of our preferred lender's links for an online application.  George Oji with Wells Fargo Home Loans who can also be reached by phone at 703-815-5994.  

If you would like to view homes we have a GREAT MAP search tool that you can search by clicking on MAP SEARCH.  You can pan over to the area that you are interested in and there are little icons on the map you can mouse over and receive a brief description which you can click through for more information.  If you want to save a search you can do that as well!  We can send you a link for distressed properties as well for any area that you might be interested in by making a request at Distressed Sales. Please put the area or areas (cities or zip codes) in the comments so we can be sure and send you the correct information.

If you are a first time home buyer we offer a seminar for First Time Homebuyers on the 2nd Tuesday of EVERY month.  This is a very infomative seminar that will help you understand the home buying process, what you need to do to get ready and also you will receive a FREE book, YOUR FIRST HOME.  You can register for the first time home buyer seminar by visiting Seminars with RTR.  If you cannot make our seminar because of your schedule ~ no worries, just call us at 703-297-4251 and we will be happy to set up a private consultation and give you the same information and a copy of the book that we give away at our seminar. 

If you want community and or school information you can visit Community Information.  We attempt to provide you all of the information necessary to make an informed decision and empower you in the process of your home buying journey. 

Come back often to visit and see the latest in the DC Metro Market!

We are so excited about the introduction of our new guarantee program for the Northern Virginia Real Estate Market including: Fairfax, Chantilly, Centreville, South Riding, Stone Ridge, Aldie, Ashburn, Leesburg, Herndon, Sterling, and many more Northern Virginia cities!  Debbie and I put a lot of thought into this before putting it together, and we feel very confident in this new program that we can offer to our clients. 

We have been so confident in our ability to get homes sold, and we wanted a clear way of translating this confidence to the public.  In 2009 we were able to sell 100% of our listings! In 2010, we were able to sell all of our listings except for one, which is GREAT news in a “down” market! 

There are a few reasons why we have been able to have the success that we have had.  First of all, it comes down to price.  Pricing a home right is KEY to getting a home sold.  It is very important that you hire an agent that understands the market, and understand what price it will take to get the home sold.  Our detailed “Comparative Market Analysis” does just that, as well as watching the market while the home is on the market.  Secondly,  We provide a professional stager that comes out to each of our listings before we get them on the market.  She will go room by room with you and give clear instructions as to what to do in each room to make sure the buyers that come through the door can envision themselves in your home!  This is something that we include free of charge when someone lists their home with us.  The third reason for the success in getting homes sold comes back to marketing.  Our extensive marketing plan includes professional photography, marketing the home correctly to realtors, and listing the home on multiple websites to make sure that your home has the most exposure on the Internet. We expect there to be a good amount of questions in regards to how this guarantee works.  You can call us at 703-297-4251 or visit our site at www.ReynoldsGuarantee.com .

 Give us a call today to get your home sold

in less than 99 days, GUARANTEED!

There were 9 homes that sold in Aldie Virginia this past month (January 2011), which is slightly lower than this time last year.  Eleven homes sold in Aldie in January 2010.  Out of the nine sales from this past month, six of them were distressed properties.  The good news is that five of the distressed sales were short sales instead of foreclosures. Short sales are much better for the real estate market, than foreclosures.  

The main reason for this is that typically during a short sale, the homeowner lives in the property and keeps the maintenance up, which helps the overall look of a community. Foreclosures are abandoned properties, which really hurt the curb appeal of an area. It is better for EVERYONE to encourage those that are going through a hardship to look at the option of a short sale versus giving up and abandoning their home.  If you know someone that is going through a difficult situation please have them call us, we can help review their options and see what we can do! 

We have put together the graph below to break down the sales that occurred in Aldie:

Debbie and Sarah specialize in Aldie real estate.  Please give them a call if you have any questions about the value of your home, or if you are interested in getting your home on the market.  The best number to call is 703-297-4251, or visit our website at www.RTRSells.com 

Sarah Reynolds, The Reynolds Team Certified Distressed Property Expert was able to get a foreclosure stopped by Wells Fargo today.  This was GREAT news for the homeowners, and we have been so happy to help them through this part of the short sale process.  The homeowner came to us two weeks ago and we immediately put their home on the market, given the volatility of their situation.  Most banks will not stop a foreclosure unless there is a contract on the home.  A few days after the home was on the market we received an offer.  The homeowners priced the home correctly, did an awesome with staging, and made sure the home was available for showings. This is VERY important in the short sale process. We submitted the short sale package which included: 

Homeowners financial statement

Homeowners bank statements and paystubs

Homeowners tax returns from 2008 and 2009

Hardship Letter

Letter of Authorization 

Listing Agreement

Purchase Agreement

Settlement Statement