Another successful short sale in the bag!
This townhouse in Wellington Trace went on the market in late July 18, 2016. The original list price was $265,000. After one price reduction to $255,000, the home went under contract on October 20th. Because there were two lenders, the third-party negotiation was a little more lengthy. After seven months, it closed on May 26, 2017, selling for $230,000.
This townhouse in Over 2200 sq. ft. with a brick front. This home has a spacious bumpout on all three levels with 9 foot ceilings to add to the volume. It is in excellent condition, without need of any expensive updates or fixes. Congratulations to the buyers for getting a great house at under market value.
Congratulations to our sellers for getting out of a bad situation fairly unscathed. Best to them as they rebuild.
Going through a short sale is much more desirable for home sellers who are insolvent and unable to make their mortgage payments than going through a foreclosure. Credit scores are affected, but at a much more minimal rate than if the homeowner forecloses. It is also much easier to recover from a short sale. Often, if the seller begins to work on their credit score, they can purchase again in two or three years.
Contact Us if you are facing a difficult situation and in need of short sale education. Additional Reading:
- Foreclosure Vs. short sales.
- How Soon Can I buy After a Short Sale?
- How to Repair Your Credit After a Short Sale
Enjoy our high definition walk-through video of this Wellington Trace townhouse in Frederick Md:
The kitchen boasts a Gourmet center island, Stainless-Steel appliances with a bright Sun Room which leads to large deck.
The master bedroom has a lovely sitting room and walk-in closet. The attached master bath is a Deluxe bathroom with a garden tub and separate ceramic tiled shower, as well as Double vanity sinks.
The basement has a Large family room, a level walk out to patio and a deck adds extra outdoor living space, overlooking a private fenced rear yard. The home backs to common area/green space. Professionally Negotiated Short Sale. Great Commuter Location.
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