Alexandria VA Bank Owned Homes and Foreclosures
Alexandria VA real estate consists of traditional equity sales, and distressed sales such as bank owned (or REO) homes, pre-foreclosure sales, and short sales. As an Alexandria VA short sale listing agent, I am very familiar with how foreclosures and short sales work. Distressed sales in Alexandria VA peaked in March 2011 with the 39 total sales (21 short sales and 18 bank owned properties). As of June 2011, the number of distressed sales in Alexandria VA (City) was down to 23 (14 short sales and 9 bank owned properties). To see specifics on Alexandria VA foreclosures and short sales by month, scroll or mouse over the points in the interactive chart below.
If you want to know how to buy a foreclosure in Alexandria VA, then you're in the right place. As a buyer agent, I help by facilitating your mortgage approval with a local lender, helping you get specific and listening to your search criteria, showing you available Alexandria VA foreclosure homes for sale, and negotiating your purchase contract. Because many buyers are looking for a home at a steep discount, you'll likely be competiting against other buyer and cash investors.
Just like Alexandria VA foreclosures, short sales are also a target for homebuyers looking for a bargain. With short sales, the homeowner is selling the property at a loss, so the bank will want to sell the home as close to market value as possible. You'll have the benefit of my experience as a short sale listing agent on your side. I'll provide you with insight on what banks expect from buyers when it comes to the purchase offer.