“What is a short sale?” Well, we’re glad you asked. First off, it is NOT a foreclosure. A short sale is different from a foreclosure in that the owner is still controlling the sale, not the bank. The seller is putting their home up for less than they owe on their mortgage. The process can take awhile, but it can be an asset both to buyers and sellers in certain situations. Real bargains can be found in short sales for buyers, and sellers can minimize their losses on a property without foreclosing. We are committed to helping both buyers and sellers with the short sale process. We have experience with short sales, which is extremely important in getting through it all smoothly. We also know and can recommend real estate attorneys and title experts who are
A four-bedroom, two-and-a-half bath Cape Cod style house available under short sale. A short sale is different from a foreclosure in that the owner is still controlling the sale, not a bank. We are committed to helping both sellers and buyers with the process involved with short sales, especially in Southeast DC. If you’d like more information on short sales, please contact us and check out this great article.
This specific short sale, 136 Wilmington Place SE, is a detached home with three levels. It includes a finished basement and plenty of space at 1,384 square feet. The house stands on a corner property with a good-sized yard and a driveway for off-street parking. It features hardwood floors, a newer kitchen, and a brick fireplace. This home offers
This is a single family home in Woodridge. The total sq ft is 2,002 w/ 1,386 of that being above grade. This is a great home to renovate. The biggest challenge with this property is the tenant that is occupying it. That tenant would need to be removed prior to purchasing it if you are an investor. Homeowners can give them a 90 day notice to vacate if they are occupying the property.
1509 CHANNING ST NE, WASHINGTON, DC 20018
List Price: $299,000
This is another single family home in Woodridge. The home is listed as a short sale. Needs work. As-is sale. For an investor the price would need to be negotiated down for it to make sense.
This is a single family detached home in the Colonial Village area of Upper Northwest DC. The list price is well below the assessed value. This is a short sale so it comes with some risk but it is a solid buy in an area where you rarely find anything under $700,000. The property suffered some water damage and needs repair.
133 BATES ST NW, WASHINGTON, DC 20001
List Price: $424,000
This is a two level attached row home in the Bloomingdale area. Prices have gone through the roof here lately and its one of the hottest areas in DC. This home could use some cosmetics but it is in pretty good shape.
This is a foreclosed property in the Petworth neighborhood. Listed well below the average price of a row house in this area. Good value. This property will most likely receive multiple offers. 8 blocks from the Petworth metro. Short distance to the shops on Upshur St NW. Fixed up homes are now selling in the $600,000’s in Petworth.
1300 13TH ST NW #102, WASHINGTON, DC 20005
List Price: $479,000
I have posted this property before on this blog. It still has not sold. Very reasonably priced 2 bedroom unit in the Logan Circle area. This property is listed as a short sale. Short distance to Whole Foods and all the shops and stores on P St/14th St. This is one of my favorite condo buildings
Petworth is on fire right now. Buy this and flip it. Sell for $500-600K.
1420 Crittenden St NW, Washington, DC 20011
List Price: $549,990
This is in 16th Street Heights. The price is way too high. I think I have posted this on the blog 3 or 4 times now. This seller needs a reality check. A cash offer with quick close in the low $400's is what it will probably take to get this one. Renovated it would sell in mid $600's.
3314 New Hampshire Ave NW, Washington, DC 20010
List Price: $345,000
Wells Fargo really underpriced this property. It is available for owner occupants only. It will get multiple offers. This
Here is the weekly list of the properties that I think are worth buying in Washington DC.
1817 L St NE, Washington, DC 20002
List Price: $169,900
This is a foreclosure sale in the Trinidad area. The property is close to H Street and Capitol Hill. I think it is a good buy and hold property. The investor activity has been really picking up in this area. The property is also in decent good shape and has a big yard.
4941 Blaine St NE, Washington, DC 20019
List Price: $100,000
Great short sale opportunity in the Deanwood area of NE DC. Only 6 blocks away from the metro station. Easy to take East Capitol St into DC. This is a short sale. Good flip.
This is the most affordable detached home in Northwest DC and its only 4 blocks from the Takoma Park Metro. It is 3 bedrooms and 2 full bathrooms on 3 levels. Makes sense to me!
List Price is $353,100
4103 21ST ST NE, WASHINGTON, DC 20018
This is a single family detached home. Short sale in the Michigan Park area of Northeast Washington DC. Listing says that it is an approved short sale. Shows well. Very nice hardwoods. Updated kitchen. One downfall is that it does not have central AC. See pictures.
List Price is $310,000
2301 CHAMPLAIN ST NW #111, WASHINGTON, DC 20009
Great price for the location. Condo building in Adams Morgan is only 8 years old. 1 Block away from all the stores on
Every Friday I will blog about the best deals that I think are available on the market. Buyers need to understand that inventory is very low right now. To get a good deal you must be patient and be willing to make a lot of offers with the hopes that one will stick. A lot of the homes on the market right now are overpriced. You need to be prepared to make a lot of lower then asking price offers and hope that the seller comes to his or her senses.
Here are the hot properties that I think are worth looking into:
1306 FARRAGUT ST NW, WASHINGTON, DC 20011
Huge house. Been on the market for 217 days. Started at $680K. Homes on this street in 16th Street Heights have huge lots.
Compass is a licensed real estate brokerage that abides by Equal Housing Opportunity laws. Information is compiled from sources deemed reliable but is not guaranteed. All measurements and square footages are approximate. This is not intended to solicit property already listed. Compass is licensed as Compass Real Estate in DC and as Compass in Virginia and Maryland. 1313 14th Street NW, Washington, DC 20005 | 202.386.6330