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Home Selling in Mechanicsville : Real Estate Advice

  • All45
  • Local Info3
  • Home Buying13
  • Home Selling2
  • Market Conditions2

Activity 3
Thu Jun 7, 2012
Jonathan Orcutt answered:
First, we would have to make sure you do in fact owe more than the market value. Freddie operates a little differently than Fannie, but essentially it is a little tricky to do a short sale when you are current on the mortgage.. I had a customer recently who was able to buy a new home elsewhere and rent their home in Mechanicsville. That could be a real option to you if you are able to get approved carrying both notes. If there is a hardship that will cause you to get behind in the near future, then potentially a short sale would be possible.

Would need to have a look at your property, do a market analysis, and suggest a plan thereafter.
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2 votes 4 answers Share Flag
Tue Mar 22, 2011
Lisa Bane Atkinson answered:
Each state is different. In Virginia, it is written in our contract that the seller will have the inspection done.
0 votes 1 answer Share Flag
Mon Aug 24, 2009
Wythe Shockley answered:
Whether or not the upgrades are worth a percentage of the cost is important but may not be accurate. Like Dane Hahn said you can go to Remodeling Mag. and get some idea of the value of your upgrades. Location, condition and price are what sells a house. And in todays market the buyer wants the best of it all. I offer a free pre-appraisal from a qualified appraiser with my listings to insure we are selling the house for the right price. It's important to remember that the buyers lender will also do an appraisal and will not offer a loan for more than the house is worth. Call/email me if I can help.
Wythe Shockley
Century 21/Option 1
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