Many of our clients have asked us about short sales. We wanted to take this time to educate you regarding short sales. First of all, What is a short sale? A short sale is when someone owes more on their house than what their home is worth. For example...John Smith owes $300,000 on his home. He is going through some financial problems and really needs to sell, so who does he call?? The Reynolds Team of course! We go over to his home and do an analysis and come to the conclusion that his home is only worth $200,000. In this scenario we would put the home on the market for $200,000 until we get a contract. Then we would negotiate with the bank to accept less than what John owes instead of John going into foreclosure.

Most people qualify for a short sale if they:

1. They are at least 30 days behind on their mortgage payment.

2. Owe more than what their house is worth.

3. Cannot afford to pay a realtor commission to sell their house.

Are you or someone you know in this situation?? We are here to help!! We have recently teamed up with the number one short sale negotiator in the country. We will put the house on the market, get a contract, & get it negotiated! There is no reason to be ashamed, we would be honored to help you! Give us a call at 703-297-4251!!