"Short Sales" and Bank-Owned Properties (REOs)
Anyone who has attempted to sell their home "short", or to buy a "Short Sale" or Bank-Owned property may be amused by a video sent to me recently.
While I found the work humorous at first, the message was WAY TOO FAMILIAR. So I decided to learn a bit more by investing my time in some continuing education.
Virginia Association of
Realtors' chief counsel, Lem Marshall, offered a three hour course attempting to shed some light on a
largely disfunction segment in residential real estate today: Short Sales
Knowing that historically only one in four Short Sale transactions ever close, I was determined to learn a bit
more about how to best represent sellers in distress or serious and capable buyers who enter this arena.
Lem is an extremely knowledgeable professional, and
his classes are challenging to absorb, but incredibly empowering. What I mostly came away with is that plying the tactics and approaches we have all found effective in the past (i.e. "business as usual") doesn't work very well in this domain.
But with a brutal honest, a clear and focussed approach, and TIME, the probability of successful outcomes can be dramatically enhanced.
The following article may be helpful to you.
Read the article |
Work progresses on "Green" home in Purcellville
Despite inclement weather, work continues on Robert Lauten and Elsa Lander's unique LEED certified high efficiency "green" home. In this endeavor, they have employed designs, materials, and construction methods focussed on saving money while preserving our environment.
These are custom built homes of the highest quality, which incorporate many of the most cost-effective features available in this arena today, such as
- Geo-thermal heat and cooling
- Pre-condition outside air exchange
- Re-sized air handling system
- Rainwater collection and distribution
- Solar electric panels
- High "E" glass throughout
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