Periodically, a home or condo sits on the market for such a long period of time that buyers begin to ask, “What is wrong with it?” This is especially true in strong markets when a property simply does not get an adequate offer. It seems to magnify if the home is vacant, regardless of property condition. Often, there is nothing wrong with the home or condo: it simply has sat too long, and become a “stale” listing.
Situations like these often lead to extraordinary buying opportunities. I want to point one such situation out in the Stratford House, a premier condominium in the Reston Town Center (for details on the building, go to http://www.TownCenterRealtor.com). Unit 204 has been on the market for almost six months. It is a two bed room/2 full bath home with 1,419 square feet. It was originally listed at $639,000 and is now listed at $539,900. The term “highly motivated seller” is putting it mildly. Rarely do homes in the Reston Town Center sell below tax assessed value; however, unit 204 is now being listed below assessed value.
This condo is NOT my listing, so I post this not as a means to unload my own inventory. However, I am glad to point out value to those looking to own in the Reston Town Center, and will sweeten the pot for you. If you want to see this outstanding home and work with me as your Buyer Representative in placing an offer and buying this unit, I will rebate back $5,000 to you. So you then have the benefit of using a top Realtor in the area as your partner, AND get $5,000 cash credit at the closing table. Please contact me to make arrangements. Why would I do this? Simply stated, I cannot stand to see such a great value sit in front of us for so long without somebody taking advantage of it.
I look forward to hearing from you, and will continue to search for extraordinary value throughout the Northern Virginia area.
Ray Wedell, Realtor