Prince William Real Estate in Northern Virginia

WOODBRIDGE HOMES FOR SALE, COMPARING FORECLOSURES TO NEW CONSTRUCTION

FORECLOSURES CAN BE A GOOD BUY.  THE BENEFITS CAN BE PRICE, QUICK OCCUPANCY, LOCATION.

PRICE FOR FORECLOSURES.  Most foreclosure owners, banks, mortgage companies, HUD, VA, price their properties based on an appraisal.  Some banks will obtain more than one appraisal to assist with determining the price for the property.  Also, since the foreclosures are listed with local real estate brokers, the agents for the property will also provide the owner with a Comparitive Market Analysis based on recent comparable sales in the community or nearby area.

WHO PRICES THE PROPERTIES FOR SALE?  In a word, THE OWNER.  That means the bank, mortgage company, HUD, VA that owns the home.  The owner has rarely seen the property, the neighborhood, the general area and may be located in an area hundreds or thousands away.  Once the owner (bank) gets the pricing recommendations from the listing agent, the pricing decision is often made based on considerations that have little to nothing with what price it will take to sell the home.  THEY ARE OFTEN VERY WRONG!!

EXAMPLE:  We previewed a foreclosure in Woodbridge this week and found it so overpriced that we wondered if the owner had the benefit of any local comparable information.  For instance, there is a new home builder also selling homes in the community and the new homes are priced approximately the same as the foreclosure.  Not only that, the new home builder has homes in inventory ready for immediate occupancy. 

THE FORECLOSURE - Priced $549,900
The foreclosure was not clean.
The flooring in the kitchen and sun room were vinyl.
The kitchen was standard with Formica counter tops.
The landscaping was not well maintained.
The carpets were in serious need of cleaning.
No warranty offered.

THE NEW CONSTRUCTION - $615,000 with $10,000 closing help.
The new construction was spotless.
The flooring in the kitchen and sun room were hardwood.
The kitchen has stainless steel appliances with Granite counter tops.
The landscaping was trimmed and healthy.
The carpets were new.
Fully finished basement. 
Large deck overlooking yard backing to woods.
New home warranty.

December 2007 Foreclosure SOLDs

Contact Lenn for a tour of bank owned homes in Prince William County - Phone 800-711-7988

SEE BANK OWNED Home in Woodbridge Virginia Foreclosure for sale - Prince William County luxury home,  4,300 square feet living space.  Located on 6 1/2 acres

Opportunity for a luxury home at a discounted price. 

Contact Lenn to see.  800-711-7988. e-mail

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FORECLOSURES IN PRINCE WILLIAM COUNTY, BANK OWNED TOWN HOMES IN NORTHERN VIRGINIA

FORECLOSURES IN PRINCE WILLIAM COUNTY VIRGINIA.  BANKED OWNED PROPERTIES FOR SALE.

BRISTOW
There area 8 Active Listings for foreclosed town homes in Bristow available in October 2007
The minimum price is $250,000 for a 7 year old town home in Braemar.
The highest price is $375,000 for a 2 year old town home in New Bristow Village.
The average price for BANK OWNED town homes for sale in Bristow is $297,550.

DUMFRIES
There area 20 Active Listings for foreclosed town homes in Dumfries available in October 2007
The minimum price is $208,500 for a 27 year old town home in South Cove.
The highest price is $379,900 for a 1 year old town home in Forest Park.
The average price for BANK OWNED town homes for sale in Dumfries is $278,685.

GAINESVILLE
There area 5 Active Listings for foreclosed town homes in Gainesville available in October 2007
The minimum price is $248,900 for a 7 year old town home in the Parks at Piedmark.
The highest price is $344,900 for a 2 year old town home in Piedmark Village.
The average price for BANK OWNED town homes for sale in Gainesville is $318,120.

HAYMARKET
There area 3 Active Listings for foreclosed town homes in Haymarket available in October 2007
The minimum price is $229,900 for a 18 year old town home in Longstreet.
The highest price is $508,200 for a 2 year old town home in Dominion Village.
The average price for BANK OWNED town homes for sale in Haymarket is $374,333.

MANASSAS
There area 59 Active Listings for foreclosed town homes in Manassas available in October 2007
The minimum price is $110,000 for a 43 year old town home in Ashton Glen.
The highest price is $389,900 for a 1 year old town home in Independence.
The average price for BANK OWNED town homes for sale in Manassas is $232,536.

TRIANGLE
There is 1 Active Listings for foreclosed town homes in Triangle available in October 2007.
The List Price is $195,000.
The home is a 19 year old town home in the Town of Triangle.

WOODBRIDGE
There area 20 Active Listings for foreclosed town homes in Woodbridge available in October 2007
The minimum price is $171,900 for a 40 year old town home in Georgetown Village.
The highest price is $432,600 for a 1 year old town home in Belmont.
The average price for BANK OWNED town homes for sale in Woodbridge is $270,734.

FORECLOSURES IN PRINCE WILLIAM COUNTY, SINGLE FAMILY DETACHED HOMES LISTED FOR SALE IN MANASSAS, NOKESVILLE, BRISTOW, GAINESVILLE, WOODBRIDGE AND GAINESVILLE. 

There are also about 262 Bank Owned or REO Foreclosure listings for Single Family Homes in Prince William County, VA.  They are priced from $174,900 for a bungelow in Manassas to a luxury single family homes in Nokesville price at $998,900 for a 2 years old home on 10 acres.

 Search Listings Homes for Sale Prince William County, VA

 Courtesy Homefinders.com, Lenn Harley, Broker, 800-711-7988, E-Mail.

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WOODBRIDGE HOMES FOR SALE, COMPARING FORECLOSURES TO NEW CONSTRUCTION

FORECLOSURES CAN BE A GOOD BUY.  THE BENEFITS CAN BE PRICE, QUICK OCCUPANCY, LOCATION.PRICE FOR FORECLOSURES.  Most foreclosure owners, banks, mortgage companies, HUD, VA, price their properties based on an appraisal.  Some banks will obtain more than one appraisal to assist with determining the price for the property.  Also, since the foreclosures are listed with local real estate brokers, the agents for the property will also provide the owner with a Comparitive Market Analysis based on recent comparable sales in the community or nearby area. WHO PRICES THE PROPERTIES FOR SALE?  In a word, THE OWNER.  That means the bank, mortgage company, HUD, VA that owns the home.  The owner has rarely seen the property, the neighborhood, the general area and may be located in an area hundreds or thousands away.  Once the owner (bank) gets the pricing recommendations from the listing agent, the pricing decision is often made based on considerations that have little to nothing with what price it will take to sell the home.  THEY ARE OFTEN VERY WRONG!!EXAMPLE:  We previewed a foreclosure in Woodbridge this week and found it so overpriced that we wondered if the owner had the benefit of any local comparable information.  For instance, there is a new home builder also selling homes in the community and the new homes are priced approximately the same as the foreclosure.  Not only that, the new home builder has homes in inventory ready for immediate occupancy. THE FORECLOSURE - Priced $549,900
The foreclosure was not clean.
The flooring in the kitchen and sun room were vinyl.
The kitchen was standard with Formica counter tops.
The landscaping was not well maintained.
The carpets were in serious need of cleaning.
No warranty offered.THE NEW CONSTRUCTION - $615,000 with $10,000 closing help.
The new construction was spotless.
The flooring in the kitchen and sun room were hardwood.
The kitchen has stainless steel appliances with Granite counter tops.
The landscaping was trimmed and healthy.
The carpets were new.
Fully finished basement. 
Large deck overlooking yard backing to woods.
New home warranty.

FORECLOSURES SOLD IN WOODBRIDGE July 1, 2007 through October 27, 2007.SOLD - 36 Foreclosed Homes, Single Family Detached
Minimum Price SOLD - Listed for $189,900 - Closed Price, $189,900.
Maximum Price SOLD - Listed for $674,900 - Closed Price, $635,000.
Average Price SOLD - $317,796  Foreclosure $549,900                           New Home $615,000 with incentives

 To visit these or other homes for sale in Woodbridge, contact Lenn Harley, Broker, 800-711-7988, Homefinders.com.  We can help.

Homes for sale in Woodbridge, Real estate in Woodbridge, Foreclosures in Woodbridge, New homes in Woodbridge, Search Listings Woodbridge, Real estate in Prince William