Old Town Alexandria Short Sales |
Wachovia Short Sale Fast Program Track Cuts The Wait For Old Town Homeowner Facing Foreclosure 

415 S. Royal Street Approved Short Sale In Old Town Alexandria

Old Town Alexandria homeowners facing foreclosure can get faster help if they have a mortgage with Wachovia.  We’ve just completed another successful short sale, this time with Wachovia Mortgage.  Wachovia has recently introduced its Short Sale Fast Track program which significantly reduces the dreaded ‘wait period’ that comes with buying a short sale. 

I commend Wachovia for being a frontrunner in changing the way that they process short sales.  As as short sale listing agent, one of the hardest parts of the transaction is keeping the buyer interested while other homes come and go on the market.  It’s tough for the anxious seller to wait for a response as well, because they need to make plans for finding another home. 

With a streamlined approach, the Wachovia Short Sale Fast Track program has distinct advantages that other banks do not offer including: 

• the homeowner/borrower does not have to be late on the mortgage to be considered for the program
• may offer up to $2500 to the homeowner
• less documentation than what is typically required, only the listing agreement, purchase contract, and preliminary HUD-1 settlement statement as prepared by a local settlement attorney
• no deficiency judgment or promissory note
• response within 30 days, and closing within 30 days after approval

If you currently have a mortgage with Wachovia, you may qualify to sell your home as a short sale by participating in their Fast Track program.  Even if you are behind on payments or have received a notice of default or notice of trustee’s sale in the mail, we may be able to stop the foreclosure process. We’ve done it before! 

As a Certified Distressed Property Expert and Certified Default Resolution Specialist, I help homeowners who are in distress understand their options.  These options may include loan modification, forebearance, short sale, Homeowner Assistance Program (HAP) for Northen Virginia military families, or other alternatives that may be approved by your lender. Before you max out your credit cards or deplete your savings trying to keep your mortgage current, feel comfortable giving me a call at 703-623-8759. 

Old Town Alexandria VA Open Houses
 Harbor Terrace Condo At 521 Bashford Lane Unit 6
 Open House 1-4, Sunday February 21, 2010
 

 Come and see this affordably priced and conveniently located home in Harbor Terrace Condos at 521 Bashford Lane Unit 6 in Old Town Alexandria VA 22314.  Features include:

• Loft unit with wood-burning fireplace
• Vaulted ceilings
• Updated bathroom with pedestal sink
• Updated appliances
• Updated light fixtures throughout
• Customized closets by Closets By Design
• Two parking permits for open community parking for residents,  plus off-street parking
• Additional storage closet
• Washer and dryer in unit
• Berber carpet

The Harbor Terrace condominium community is conveniently located at the north end of the northeast quadrant of Old Town Alexandria.  It is less than five minutes from Reagan National Airport, one traffic light from Washington DC, and Old Town conveniences include walking and bike trails, grocery, dining, and a short walk to the Potomac River waterfront.

Don’t Miss: Harbor Terrace Photo Tour

Must See: Guide To Alexandria Condos

Must See: All Condos For Sale In Harbor Terrace

Old Town (Alexandria) 22314 Real Estate Market Stats For December 2009 |
Upper Bracket Homes Need Buyers & Detached Homes Slow Moving

Old Town Alexandria Market Snapshot As Of 1/7/10

What’s moving and shaking in the real estate market in Old Town Alexandria?  Well, from the looks of things, it’s condos and townhomes priced under $600,000.  In the Old Town Alexandria condo market, 14 out of the 17 condos that went under contract were under $600,000.  For the townhomes, 5 out of the 8 homes that went under contract were under $600,000.  But what does this mean for detached homes for sale in Old Town, and the luxuy homes priced over $700,000?  If I’m buying luxury, then I’ll want to see them all…in every price range and render a decision on what makes each home unique.  Is it the age, the proximity to the Potomac River, is it the quadrant?

What about short sales and foreclosures in Old Town Alexandria?  They’re out there, but in very small numbers.  As of January 7, 2010, there were 4 bank owned foreclosures for sale, and 2 short sales actively for sale.  In the past 30 days, one Old Town Alexandria short sale has gone under contract.

Old Town Alexandria home owners looking to list their home for under $600,000 should still venture out and take a look at the competition.  While there is a greater chance that you’ll get your home sold in this price point, when there’s more to choose from, buyers will be very selective and will tend to make ‘value-based’ decisions vs. ‘demand-based’ decisions.  That means, you will have to stand out in terms of presentation (staging), move-in readiness, and price to entice a buyer to choose your home over the 53 other condos, or 26 other townhomes currently for sale.

Tuesday Tour
Old Town And Del Ray Alexandria VA
Just Listed Real Estate And Homes For Sale December 15, 2009

One of the things at an Alexandria VA buyer agent can do go stay educated about the newest listings that come on the market, is to preview Alexandria VA homes for sale when they are just listed, and available on Tuesday’s Broker Open tour.

Top residential listing and sales agents at McEnearney Associates, Inc. offered the following homes that are making the Old Town and Del Ray Alexandria VA real estate market sizzle.

118 Wolfe Street

Susan Craft and Carol Cleary welcome buyers to an 18th century classic home, just one block from the Potomac River at 118 Wolfe Street.  Four levels and four lined fireplaces, this home has been lovingly maintained, and offers interior and exterior charm in Old Town Alexandria’s SouthEast quadrant.  My favorite feature of this home is the lower level which includes a kitchen, sitting area, and a beautiful rear patio with a wall fountain.  Buyers looking at historic Old Town Alexandria VA real estate and homes for sale in the southeast quadrant should take a look at this elegant home. 

709 W Braddock Road

Julian Burke has something for buyers who are looking for a detached Alexandria home with renovation and expansion potential.  This home at 709 W. Braddock Road offers an opportunity to own in one of Alexandria’s most sought after neighborhoods.  Surrounded by beautiful homes, this single-family residence includes a rear pool and separate pool house.  With four levels, two fireplaces, and on a .35 acre level lot, this eye-catching property is ready for the buyer who wants to put their special touches on a one-of-a-kind design. 

16 W Windsor Avenue

Elizabeth Lucchesi and her sellers have introduced another Del Ray bungalow for sale at 16 W. Windsor Avenue.  Comfort and joy is what you’ll feel when you step up on the inviting front porch and into the living room of this home.  Elizabeth pointed out how you can step in and see throughout the home because of the open floor plan.  The hardwood floors are beautiful, and well compliment the neutral decor.  The back yard is functional and makes for a great recreational space.  Home buyers looking at Del Ray real estate and bungalow homes for sale should include this home in their search.

 Want to get your home on next Tuesday’s  Broker Open tour, it’s easy, just click here.

See Also:

• Old Town Alexandria Real Estate Video Tour
• Del Ray Alexandria Real Estate Video Tour

Dinner In Del Ray and Old Town Tonight?
Eat Out and Help Fight Breast Cancer

Tuesday, October 20th is the Dine Out and Shop for the Walk to Fight Breast Cancer. Here is a link to the flyer that has the participating restaurants and shops in Del Ray, Fairlington, Old Town and the west end, that shows the percentage of their proceeds they are donating to The Walk. You can eat and help out Alexandria VA Walk to Fight Breast Cancer at the same time!

OPEN HOUSE THIS SUNDAY | OLD TOWN ALEXANDRIA VA CONDO | COLECROFT STATION CONDOS | PENTHOUSE CONDO AT BRADDOCK ROAD METRO | OPEN HOUSE July 26 1-4 PM

Traditional sale!  Where luxury and convenience come together in Old Town Alexandria VA.  Sought after neighborhood of Colecroft Station condos, commonly known as ‘the nice subdivsion across from the Braddock Road metro‘.

Stop by the Open House this Sunday, and you’ll be captivated by the abundance of square footage in this two bedroom/two full bath/one half bath penthouse level condo with beautiful views from the balcony and bedrooms of the Masonic Temple, and Old Town Alexandria.

The eat-in kitchen offers stainless steel appliances, including a built-in microwave.  Both bedrooms have generously sized closets and open space.  There’s abundant storage, and this unit also comes with two garage parking spaces.

Are you feeling lucky?  If so, you’ll have plenty to do this month in Old Town Alexandria and Washington DC to keep you busy.  Here some great activities that will be fun for everyone:

• March 7 – St. Patrick’s Day Celebration and Parade, 301 King Street and Market Square, festivities include the Fun Dog Show at 10:30 AM, parade starts 12:30 PM at King and West Streets
• March 15 – Annual DC St. Patrick’s Day Parade will run straight down Constitution Avenue, from 7th Street NW to 17th Street NW. Visit www.dcstpatsparade.com/ for more info.
• March 21 – Gunston Hall Kite Festival, located at Gunston Hall Plantation, kites available on-site at the museum and gift shop or bring your own! Fun starts at 12 noon and continues until 5:00 PM.
• March 28 – Smithsonian Kite Festival, who would have known that this popular windy sport attracts participants from all over.  Visit www.kitefestival.org/ for more info.

Imagine the different things you could do if you didn’t have to sit in traffic on your way in to and out of Washington DC.  Those days where the smallest sign of precipitation means a sea of brake lights.  The days when a disabled vehicle causes a normal intersection to be treated as a four-way stop.  The days when VDOT just has to be working on your route to work!

As Northern Virginians, we’ve all been there many times.  So when it comes to looking at real estate and homes for sale in Alexandria Virgnia, you can shave 30 minutes or more off your commute time by narrowing your search to homes near metro.

You could listen to motivational mp3s
and watch the latest podcasts on your iPod. 

You could actually sit down and eat breakfast at home,
instead of wolfing it down in your cubicle because you’re late because traffic was bad.

You could catch some extra Zzzzzzzzzz’s and snooze in a little longer.

You could spend more time with your pet.  Take your dog out for a longer walk.

You could have time for family dinner in the dining room, as opposed to going through the drive-thru.

You could have more time for yoga.

You could have time to work out and shave off those holiday pounds.

Spending time in traffic increases your stress levels.  When you’re stressed, you age quicker, so is it safe to say that when you’re looking at real estate for sale in Old Town Alexandria Virginia, and you buy a home close to metro, like this Colecroft townhome located at 540 N West Street, not only would it save you time, but it could actually make you look younger!

If you have time, or if you’d like to see if you can save time,
Stop by our Open House this Sunday, January 11 from 1-4 PM.
Colecroft at Braddock Road Metro Townhome For Sale
540 N. West Street Alexandria, VA 22314