Market Conditions in 20148 : Advice

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Abdul Anwar, Real Estate Pro in Ashburn, VA
Abdul Anwar answered:
In a short sale, what happens if the price of a home is much lower at the appraisal then what the agreed amount was?
In most cases short sales won't get approved. Bank usually orders BPO (Broker Price Opinions) which give them a fair market values.
0 votes Share Flag Wed Feb 27, 2013 Market Conditions in 20148
Abdul Anwar, Real Estate Pro in Ashburn, VA
Abdul Anwar answered:
Purchasing a new townhouse in Ashburn (zip code 20148): 2,660 square feet; 4 bedrooms and 3 1/2 baths. Is $451,775 a fair price?
451K appears to a be good price when you are getting a brand new end unit. Re-sale homes are already selling above 400K in 20148 and inventory is low.
0 votes Share Flag Wed Feb 27, 2013 Market Conditions in 20148
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