Many of my clients have been asking me lately why about 70% of Northern VA foreclosed homes or short sale homes on the market are in such terrible shape even when they look excellent from the outside.
The reason is because distressed home owners are taking everything with them... including the kitchen sink! You'd swear that you have just found a diammond in the ruff from the outside, but when you walk in the home there is no dishwasher, ceiling fans, oven, washer and dryer, lighting fixtures and in a few homes I have see the toilets were removed! Many times there are huge holes in the walls and trash scattered about.
This video explains exactly what is going on in all parts of the country right now including Northern Virginia real estate. The good news is that the prices have fallen to just about ROCK BOTTOM and even homes in this condition can be purchased for a MAJOR STEAL!
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