Lake Ridge Virginia Real Estate News

Foreclosure Home Search Under $200,000 In Woodbridge VA This Week...What Can You Get?

This week, we've started working with a client who is ready to buy. In his heart he wants a small single family home on acreage, just a place of his own. He's finally ready for homeownership in this area. The fact prices are so low, he can get exactly what he wants.What do you think?

So after looking at dozens of listings that we sent him, he choose two homes that were something he could see himself living in.Neither had photo's when he looked at the printouts so all we have to go on is the realtors comments. 


So are you curious what $200,000 can buy in Woodbridge Virginia these days? Let me show you.....
      great big lot


    

 Can you imagine owning this size lot? As he got our of the car he said "now this is what I'm talking about...this is great, the lot is gorgeous and it's so peaceful...WOW!" 

Well the magic began to wear off as soon as we got to the front door the threshold was totally rotted out, when I opened the door the mildew smell practically knocked us over. I went as far as the family room and felt the floors flexing and could tell they were slopping toward the middle of the house. The smell was triggering my asthma so I said I was going to walk the lot and check things out. As our client looked inside I walked around bank and this is what I found!

      Cash Only Investor Needed


 

Well the beautiful home on the gorgeous lot wasn't so pretty around back! Is this what you think of when you see the comments in a listing "AS IS" or "Handyman Fixer Upper". If it is and you have cash then you may be able to steal this home and lot. However for the average everyday buyer who needs an FHA or VA loan from a bank...this home is out of the question.


This is exactly  why househunting is so important. You can do all the research in the world online,create spread sheets, and try to figure out the best price. The only challenge with that is you must see the homes in question.Condition matters. Especially for you buyers who are looking for a nice home to call your own. Is a foreclosure the best deal for you? Only you know what your goal is..

 

The second home was built in the late 70's and was in fairly good condition on a huge lot in a quiet country setting. However it had broken water pipes and sagging family room floors. They actually  felt as if we could fall right through.Around the side of the house the crawl space door was open. Others definately had the same concerns and went investigating under the home to see what was going on.

 

    
    



    

 


When you are looking at a foreclosure home online if the home seems bigger than most, priced lower than most...typically that means there are issues. The terms used by REO AGENTS ( Bank Owned Listing Agents) are "Sold AS IS", No Warranties, Cash Only Offer, Investors Only, No Government Loans ( FHA or VA), Highest and Best ( doesn't always mean that) 


A cash buyer or conventional buyer offering the best terms to the bank wins the bid. When considering a foreclosure...consider the hidden costs. We are in the marketplace everyday. Let's talk...we can help you find the perfect home that match your wants, needs and lifestyle!  


Curious If There Is A Home You Can Afford In Woodbridge Virgina?

Peggy James
 My direct #:703-851-3085
 

Search homes for sale in or local Prince William County Virginia area and Eastern Fairfax County near Fort Belvoir Virginia.

 
Twins Selling Real Estate
 
 
 

"Our Goal is Your Goal!"


Twins Selling Real Estate EXIT Realty Associates 8998 C Lorton Station Blvd, Lorton Virginia 22079 Equal Housing Opportunity Call 703-851-3085
Comment balloon 0 commentsPeggy James • May 21 2009 07:39AM
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