Take a moment to browse my resource center to look for answers and information including the latest trends in the local market.
Search MLS

Search the Washington Metropolitan area for Homes

Search Washington DC Metropolitan Real Estate Listings
Community News
Useful Links


Washington DC Real Estate Tips

Washington DC Tips

Energy Tips




Buckman Videos

Michele Buckman has put together some videos discussing the current DC market and what the future may hold for the real estate market in the Washington DC area.


What is a Washington DC Short Sale?

In today's real estate climate, you may notice that a number of properties are listed as short sales. What is a short sale and what could the purchase of a short sale mean for the buyer?

Short Sale - Avoid Foreclosure

Simply put, a short sale is an arrangement in which the seller works with their mortgage lender to accept a price that's less than the amount they owe on the property. Therefore, the lender typically agrees to forgive the rest of the loan, and the property becomes bank-owned. In a short sale situation, the seller avoids going through a foreclosure and a buyer can typically buy the property at a discounted price. However, short sale properties are sold "as is," so buyers should expect to fix up the house on their own dime. Sellers should also expect a lengthy period of time between placing an offer on a short sale property and hearing the result of their offer.

Washington DC Short Sale Realtor Information

To further the homeowner's legal right to a property, a buyer purchases title insurance. Title insurance makes the title company legally responsible for any missed items during the title search and if any title problems arise, the title company defends the title in court.

Title Search & Insurance - More Information

For more information and insight on the short sale process, contact Michelle Buckman. Representing W.C. & A.N. Miller and Christie's Great Estates properties in Chevy Chase, Northwest Washington DC, Capitol Hill, and the Trinidad neighborhoods, Michelle works with a full range of clients, notably first-time homebuyers.

Copyright © Michelle Buckman Real Estate

202-966-1400 (o) | 202-251-8400(c)

Michelle Buckman Real Estate

Tips for Selling Capitol Hill Real Estate
Selling a Washington DC Home from Out of Town
Buying a NW Washington DC Home: How Much Home Do You Need?
Washington DC Realtor: Washington DC Housing Market Has Recovered and Is Surging
Capitol Hill real estate is a popular choice for people looking to buy homes in Washington DC
DC Realtor: 5 Tips on Color Can Help Sell Your Washington DC Home

About | Buying a Home | Selling a Home | Listings | Relocating | Blog | Finance | Resource Center | Contact us | Home