How To Find Out About The Best Real Estate Deals In Loudoun County

Up until earlier this year, I was posting some of the best deals in Loudoun County here on this blog. Many of you emailed or called asking for more information about the properties or to see them in person. Well, unfortunately, I can no longer continue posting those. Based on rules and regulations, posting about a property that is listed by another agent/broker is considered "advertising" and is not allowed.

But, there is a solution! You can receive my top picks of properties for sale in Loudoun County via email. If you request the information to be sent to you, then it's no longer "advertising".

Here's how you do it…

Insert your email address and first name into the form below and then click "Submit". A thank you page will pop-up stating that you will receive a confirmation email shortly.

***You must click on the activation link in the confirmation email to start receiving future "best deal" emails. If you do not activate your email, you will not be included in the mailing list.

Please note…your email address, name or personal information will never be sold or provided to third parties. You will not receive any emails other than the best deals in Loudoun County. You will not be harrassed by sales emails or emails trying to solicit your business. It's completely up to you if/when you wish to initiate contact with me.

Send Me The Best Deals In Loudoun County!

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Email Marketing by VerticalResponse

Forbes Names Loudoun County Top 10 Places To Buy Foreclosures

Forbes recently named the DC metro area including Loudoun County one of the top 10 places in the US to buy foreclosures. Some of the criteria used was prices, inventory levels, hints of stabilization and long-term investment potential. For more on the story, check out my post over at LoudounForeclosures.com.

How To Find Out About Some Of The Best Real Estate Deals In Loudoun County

Up until recently, some of the best deals in Loudoun County were being posted here on this blog. Many of you emailed or called asking for more information about the properties or to see them in person. Well, unfortunately, I can no longer continue posting those. Based on rules and regulations that govern all Realtors, posting about a property that is listed by another agent/broker is considered "advertising" and is not allowed.

But, there is a solution! You can receive my top picks of properties for sale in Loudoun County via email. If you request the information to be sent to you, then it’s no longer "advertising".

Here’s how you do it…

Insert your email address and first name into the form below and then click "Submit". A thank you page will pop-up stating that you will receive a confirmation email shortly. Just click on the link in the confirmation email and you will start receiving the best deals in Loudoun County immediately.

Please note…your email address, name or personal information will never be sold or provided to third parties. You will not receive any emails other than the best deals in Loudoun County. You will not be harrassed by sales emails or emails trying to solicit your business. It’s completely up to you if/when you wish to initiate contact with me.

Send Me The Best Deals In Loudoun County!

* required

Email Address: *
First Name: *

Email Marketing by VerticalResponse

Washington Post Article on Luxury Foreclosures Features Danilo Bogdanovic

Loudoun County Foreclosure/REO Market Makes International Headlines

The situation regarding foreclosures in Loudoun County made international headlines by being featured in a story in The Economist entitled "Foreclosures In America; Searching For Plan B" (this week’s issue).

(Cross post from our sister blog, Loudoun Foreclosures)

“Subprime Lending – Loudoun County Impacts Report”

We just got our hands on a report entitled "Subprime Lending – Loudoun County Impacts Report", which was reviewed at the Loudoun County Board of Supervisors meeting yesterday (Feb 20).  The report covers things such as reduced housing demand; reduced prices and slower homebuilding; and the impact on specific neighborhoods within Loudoun County.

To read the full article and review the actual report in its’ entirety, click here.

Loudoun County Center Of Foreclosure/REO Media Attention

Loudoun County seems to be at the center of media attention when it comes to foreclosures. From local newspapers to Reuters, The Wall Street Journal and others, everyone seems to be writing and talking about Loudoun County and foreclosures. But why are they so focused on Loudoun County?

It’s because Loudoun County is seeing such a huge spike in foreclosure listings despite having the second-highest median household income of any jurisdiction in the US (Fairax County is #1).  It’s also because Loudoun saw some of the greatest increases in home prices during the boom and one of the greatest decreases since then.

Reporters are always asking how such a wealthy county could be faced with so many foreclosures and in such a short amount of time. There may not be one single reason, but much of it has to do with poor financial decisions and the overall affordability (or lack thereof) of housing during the boom earlier this decade. The only way to get into a property a few years back was to do "creative financing".

But should home owners have just buckled down and settled on a smaller, less grand and less expensive property? Perhaps. But everyone seemed to think that the prices would never stop going up and they would be able to sell their house for $1000′s more than what they bought it for before their ARM or "introductory rate" reset.

We all know that’s not what happened.

Loudoun County will probably remain the center of attention through 2008 because foreclosures are expected to continue increasing into next year. This may hurt Loudoun County because most media likes to report the negative things and sometime even exaggerate how negative things really are. Headlines such as "the sky is falling!" sell better than "here are the numbers – it’s bad, but we’ll most likely see a bottom next year".

Related Links:

Loudoun Foreclosures – Loudoun County foreclosure, REO and short-sale statistics, data and resources as well as investment opportunities.

Thursday Poll: Testing Your Knowledge About Loudoun County Foreclosures, REO and Short-Sales

With so much talk about foreclosures, REO and short-sales in Loudoun County and the US in general, let’s test everyone’s knowledge (or at least guesswork). Here’s this week’s Thursday Poll:

We’ll share the answer to this question with you in next week’s Thursday Poll so make sure to check back then or subscribe to our RSS feed to get it sent to you directly.

Looking For Loudoun County Foreclosures, REO, Short-Sales, Other Deals?

If you’re looking for foreclosures, REO, short-sales, distressed properties and other great real estate deals in Loudoun County, Virginia you’ll want to check out Loudoun Foreclosures. This new blog brings your attention to the best real estate deals in Loudoun County, Virginia regardless of who the agent, broker or home builder is. You can find basic information about the featured properties along with the reasons why they’re such a great deal.

Related Articles:

Crash Course In Loudoun County Foreclosures, Short-sales and REO

Crash Course In Loudoun County Foreclosures, Short-Sales and REO

As foreclosures, short sales and REO (Real Estate Owned/Bank Owned) properties increase, so do the number of investors.  Loudoun County has seen a sharp increase in "distressed" properties and more and more investors are popping up, as well as buyers trying to get a "great deal" on their new home by "buying a foreclosure". Before all you investors and buyers get too excited, make sure you understand exactly what’s involved and whether it’s really worth it.

Pros

• You can get a 5 to 15 percent discount, possibly more on the property
• Your choices and opportunities increase daily as the number of distressed properties increases every day
• If you are a handyman or contractor or have a connection to one, you can do all the needed work at much less than the market value of your improvements and potentially sell the property for a profit or have equity built in

Cons

• You must know how to search for them
• You have to be very patient – banks can take up to 2 months to give you a response back to your offer (yes, you read that correctly and yes, it really happened)
• You need to fully understand what it means to buy a property "as is". Those two little words have a huge impact on you
• You have to be a bit of a gambler. No matter how good you are with numbers, budgeting or forecasting, you never know what may happen with the market and whether you’ll be able to clear a profit or end up losing money in the end, even with getting a 5 to 15 percent discount

Did we mention that you also have to learn a new language? Yup, you sure do. And new words and acronyms are added daily so you really have to stay on top of it. No, there’s no official dictionary and yes, it’s a pain. (Some, including myself, think that it’s done to further confuse, not only real estate professionals new to the biz, but consumers in order to not let anyone new into "the circle")

Rather than taking up another 100 lines of space here on Loudoun Stats, I would like to refer you to an excellent post by Frank Llosa entitled "SOL Homes: Virginia MLS Foreclosures, REO, Short Sales Defined + Email Alerts". The article goes over terms, acronyms and definitions, and touches upon other things such as auctions and market conditions.

If you still wish to explore the world of foreclosures, short-sales, REO, etc., feel free to contact Tony or myself for more information. We’d be glad to help out whichever way we can.