About Me
My Client-First Philosophy
There are many qualities and skills that go into being an excellent real estate professional - integrity, in-depth community and market knowledge, marketing savvy, effective negotiation skills and a high-quality professional network, all of which are hallmarks of how I work.
That said, in my experience as a Northern Virginia real estate professional, I've also found that providing the very best service is essentially about putting my clients first. This means keeping myself accessible, being a good listener as well as a good communicator, and responding quickly to your needs.
This "client first" philosophy has always been my approach and it requires me to continually improve my skills and ways of doing business. In addition, I've found that the latest technologies are enabling me to do everything I've always done, only much more quickly and efficiently. They've also helped me to extend the range of services I provide to my clients.
So when you decide that you'd like to buy or sell a home in the Northern Virginia area, please contact me online or give me a call at (703) 880-6770.
Northern Virginia Resident for Almost 30 years
* I moved to Fairfax in 1979 with my family, and I've lived here in Northern Virginia ever since.
* I attended Fairfax County Public Schools for my K-12 education and I graduated from Centreville High School in 1991.
* I have lived and worked in many different areas of Northern Virginia including Fairfax, Clifton, Centreville, Arlington, Falls Church, Reston, Ashburn, Alexandria, Sterling and Oak Hill. I would like to think that I know the area very well.
Graduate of The University of Virginia
* Graduated from UVA with a Bachelor of Science in Civil Engineering in 1996.
Real Estate Highlights
* Full time Real Estate Professional
* Member of
o NAR - National Association of Realtors
o VAR - Virginia Association of Realtors
o NVAR - Northern Virginia Association of Realtors
* Extensive knowledge of Northern Virginia as a resident for almost 30 years
* I am an avid real estate investor. My wife and I own investment properties both in Northern Virginia and in other parts of the country.
There are many qualities and skills that go into being an excellent real estate professional - integrity, in-depth community and market knowledge, marketing savvy, effective negotiation skills and a high-quality professional network, all of which are hallmarks of how I work.
That said, in my experience as a Northern Virginia real estate professional, I've also found that providing the very best service is essentially about putting my clients first. This means keeping myself accessible, being a good listener as well as a good communicator, and responding quickly to your needs.
This "client first" philosophy has always been my approach and it requires me to continually improve my skills and ways of doing business. In addition, I've found that the latest technologies are enabling me to do everything I've always done, only much more quickly and efficiently. They've also helped me to extend the range of services I provide to my clients.
So when you decide that you'd like to buy or sell a home in the Northern Virginia area, please contact me online or give me a call at (703) 880-6770.
Northern Virginia Resident for Almost 30 years
* I moved to Fairfax in 1979 with my family, and I've lived here in Northern Virginia ever since.
* I attended Fairfax County Public Schools for my K-12 education and I graduated from Centreville High School in 1991.
* I have lived and worked in many different areas of Northern Virginia including Fairfax, Clifton, Centreville, Arlington, Falls Church, Reston, Ashburn, Alexandria, Sterling and Oak Hill. I would like to think that I know the area very well.
Graduate of The University of Virginia
* Graduated from UVA with a Bachelor of Science in Civil Engineering in 1996.
Real Estate Highlights
* Full time Real Estate Professional
* Member of
o NAR - National Association of Realtors
o VAR - Virginia Association of Realtors
o NVAR - Northern Virginia Association of Realtors
* Extensive knowledge of Northern Virginia as a resident for almost 30 years
* I am an avid real estate investor. My wife and I own investment properties both in Northern Virginia and in other parts of the country.
My Q&A
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Mike Rosen's Questions (0)
Mike Rosen's Answers (20)
Mike Rosen answered:
To be frank - I wouldn't count on it. There is always a possibility, but the odds of finding a house that you like and then having a seller who is willing to pay to get you out of a lease is pretty small. It would also really limit your ability to negotiate on price or other terms.
In my opinion, your best option is to explore what your landlord is willing to do if you wanted to terminate early. Many landlords don't mind letting you out of a lease as long as you pay the advertising costs to re-rent the unit and you pay the rent until someone else moves in.
Hope that helps.
In my opinion, your best option is to explore what your landlord is willing to do if you wanted to terminate early. Many landlords don't mind letting you out of a lease as long as you pay the advertising costs to re-rent the unit and you pay the rent until someone else moves in.
Hope that helps.
Mike Rosen answered:
Hey Robin -
This "foreclosure" is from RealtyTrac it is not an actual listing. The $62,700 is likely the amount owed to the lender when the property was foreclosed. See a previous answer that I posted for more info ...
Resale vs. Foreclosure, MLS Activity
http://www.trulia.com/voices/Foreclosure/Resale_vs_Foreclosu…
Hope this helps.
This "foreclosure" is from RealtyTrac it is not an actual listing. The $62,700 is likely the amount owed to the lender when the property was foreclosed. See a previous answer that I posted for more info ...
Resale vs. Foreclosure, MLS Activity
http://www.trulia.com/voices/Foreclosure/Resale_vs_Foreclosu…
Hope this helps.
Mike Rosen answered:
Hey Panpet -
Had a chance to go by this property as well as a few others in the area. There were already quite a few photos with the regular listing - so I took a video walk-thru instead. Let me know if you find this helpful.
907 Park Street
http://picasaweb.google.com/fairfaxrealestate/907ParkStreetV…
Other homes that I've reviewed nearby ...
http://franklymls.com/default.aspx?a=provident&m=R&l=0&h=ALL…
Had a chance to go by this property as well as a few others in the area. There were already quite a few photos with the regular listing - so I took a video walk-thru instead. Let me know if you find this helpful.
907 Park Street
http://picasaweb.google.com/fairfaxrealestate/907ParkStreetV…
Other homes that I've reviewed nearby ...
http://franklymls.com/default.aspx?a=provident&m=R&l=0&h=ALL…
Hey Panpet -
Too bad I didn't see this until today. I was just in Vienna previewing several homes in this price range ...
http://franklymls.com/default.aspx?a=provident&m=R&l=0&h=ALL…
I may be headed out there again early next week. If so, I'll add this to my list and post again with pictures.
Mike
Too bad I didn't see this until today. I was just in Vienna previewing several homes in this price range ...
http://franklymls.com/default.aspx?a=provident&m=R&l=0&h=ALL…
I may be headed out there again early next week. If so, I'll add this to my list and post again with pictures.
Mike
Mike Rosen answered:
Hey James -
The short and sweet answer is - the banks will do whatever is in their best interest. Some bank owned properties hit the market priced well under other comparable bank owned houses. Those properties tend to sell quickly and attract multiple contracts - sometimes selling for over list price. I've helped many clients purchase bank owned properties in similar situations - they usually don't get bid back up to market price so it's can be a great value.
Others hit the market at a higher price and may sit for a while. These properties will usually sell for a discount from list price. The bank will most likely negotiate if they don't have multiple offers on the table. Also keep in mind that the terms in your offer DO matter. You can write a really clean and streamlined offer (maybe all cash) and the bank will take that into consideration.
As for the realtor commissions - for every bank owned listing I've seen the bank pays the commissions. Now if the bank is only offering 2.5% to the buyer agent (as an example) and you have an agreement with your agent for 3% then you will have to make up the 0.5% difference.
Hope that helps. By the way you can search for bank owned properties on FranklyMLS .... try this one for Arlington bank owned ....
http://franklymls.com/default.aspx?a=privident&m=R&l=0&h=ALL…
Let me know if you need help with an advanced search.
The short and sweet answer is - the banks will do whatever is in their best interest. Some bank owned properties hit the market priced well under other comparable bank owned houses. Those properties tend to sell quickly and attract multiple contracts - sometimes selling for over list price. I've helped many clients purchase bank owned properties in similar situations - they usually don't get bid back up to market price so it's can be a great value.
Others hit the market at a higher price and may sit for a while. These properties will usually sell for a discount from list price. The bank will most likely negotiate if they don't have multiple offers on the table. Also keep in mind that the terms in your offer DO matter. You can write a really clean and streamlined offer (maybe all cash) and the bank will take that into consideration.
As for the realtor commissions - for every bank owned listing I've seen the bank pays the commissions. Now if the bank is only offering 2.5% to the buyer agent (as an example) and you have an agreement with your agent for 3% then you will have to make up the 0.5% difference.
Hope that helps. By the way you can search for bank owned properties on FranklyMLS .... try this one for Arlington bank owned ....
http://franklymls.com/default.aspx?a=privident&m=R&l=0&h=ALL…
Let me know if you need help with an advanced search.
Mike Rosen answered:
This house is not even listed for sale yet. Trulia has partnered with RealtyTrac which has properties that are in different stages of the foreclosure process. For this house a Notice of Foreclosure has been filed, which means the bank will be repossessing it in the near future. Unless, the current owners pay their missed mortgage payments and any penalties (not likely).
Once the bank forecloses it will be another several weeks to several months before it is listed for sale as a bank owned property.
Hope that helps.
Once the bank forecloses it will be another several weeks to several months before it is listed for sale as a bank owned property.
Hope that helps.
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