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Gamzeh Realty
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Please feel free to e-mail us or give us a call for showings and other related questions:  INFO@GAMZEHREALTY.COM or Call : (202)-361-3050
 
The best source to find new and pre-construction condominiums and lofts  in Arlington, Alexandira & fairfax.

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Waterview Residences
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Turnberry Towers


For Sale

Click on the link below to see for sale new lofts, new townhomes, new condominiums, new home communities, new single family homes, new custom homes, new luxury condos and adult communities.

For Rent

Click on the link below to see for rent new lofts, new townhomes, new condominiums, new home communities, new single family homes, new custom homes, new luxury condos and adult communities.

Arlington

Alexandria

Falls Church

Annandale

Baileys Crossr

Centreville

Herndon

Springfield

Lorton

Burke

 

Mclean

Vienna 

Chantilly

Alexandria

Fiarfax City

Arlington

Alexandria

Falls Church

Annandale

Baileys Crossroad

Centreville

Herndon

Springfield

Lorton

Burke


Mclean

Vienna

Chantilly

Alexandria

Fairfax City


WHEN A SHORT SALE BECOMES AN EXERCISE IN FUTILITY

As you probably already know, when an owner of a residential (single family, condominiums, townhomes, lofts, coops, custom homes and ...) or commercial property (office, retail, land, apartment, warehouse, hotel and ...) tries to sell that property for less than what is owed to the bank, we call this a Short Sale.
 
We are hearing that over 50% of the short sales go bust somewhere along the process with the bank.  Buyers can get very frustrated with this process, also, as sometimes many months will go by with no update from the bank on whether or not the deal will be approved.  In fact, since many short sale properties get many offers, a buyer never really knows where he stands or if his offer is in the lead position or not.
 
Here are some other contributing factors to the wave of unsuccessful short sales:
  1. A realtor, according to the rules of the MLS, is required to change the status of his or her listing to PENDING SALE when the buyer and seller execute the contract.  The problem, however, is that the contract needs bank approval, and many realtors wait until the bank approves the deal before changing the status in the MLS.  If a bank takes 3 or 4 months to approve a deal, the listing shows as Active in the MLS for that entire time.  So, more offers come in (usually low-ball offers, by the way).  The bank sees more offers, and they wait longer.  The end result is that the buyer will often get tired of waiting and will pull out.  Realtors need to better understand the MLS rules and that when they get a signed contract they must update the MLS status to Pending Sale.  
  2. A seller and/or his realtor, may believe that they have a short sale offering, but have not done the appropriate due diligence with the lender to see if the lender is open to allowing such a sale.  In general, the seller has to show a financial hardship.  Often, they are just "underwater" with their property and want to sell it.  So, after many months, a buyer may find that the bank does not approve the sale, and all that time is wasted.
  3. A seller and/or his realtor fails to prepare sufficient documentation for the bank.  Banks are overwhelmed with short sale offers and requests.  If a seller and his realtor prepare complete documentation, including a report of how much the bank will be forgiving on the loan (and why), they have a much better chance of getting acknowledged.  A typical report package to the lender should include evidence of financial hardship, a sample HUD-1 statement showing all the closing costs and a market analysis that shows why the property should sell for the lowered price.  If a banker has all of this information, his or her decision to grant the sale becomes easier. 
A buyer looking for a good deal can pursue a short sale, if he or she has patience, and is willing to wait many months.  Sometimes, this make sense.  However, with many other great deals out there, a buyer may just find that a traditional sale, at a good price, will avoid all the frustration of a short sale.  Plus, the property will be available to the buyer in a matter of weeks, not months.

Looking to buy a short sale single family, townhome, loft, condominium or even a commercial property for investment in Washigton DC, Maryland or Virginia?  call 202-361-3050 we will be glad to be of any help :)


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List of new and pre construction lofts and condominiums in Arlington, Alexandira and fairfax 

Arlinton lofts

avalon at Arlington Square,

The Brittany,

Clarendon Apartments,

Columbia Center,

EastView/WestView at Ballston,

 

Fairmont,

 

The Eclipse,

 

Garfield Park at Clarendon Village,

 

Gatehouse,

 

Gates of Ballston,

 

Grove at Arlington,

 

Iō Piazza,

 

Joule,

 

Bromptons at Cherrydale,

 

Lofts 590 at Crystal Towers,

 

Lofts at Columbia Station,

 

Arlinton lofts

 

Mercer Lofts,

 

The Monroe at Virginia Square,

 

Myerton,

 

The Odyssey

Condominium,

 

Buckingham Village,

 

Residences at Clarendon Court,

 

Residences at The Market Common,

 

 

Shirlington Village CondStonegate at Faircrest,

 

Villages at Shirlington,

 

Terrace Lofts

 

The Palatine,

 

Park at Courthouse,

 

The Phoenix,

 

The Prime,

 

Arlinton lofts

 

  

 

The Residences at Liberty Center,

 

The Residences at Lyon Hill,

 

The Residences at Station Square,

 

Scene,

 

Turnberry Towers,

 

The Westlee,

 

Waterview,

 

18 West,

 

1800 Wilson,

 

2000 N. Wilson Blvd.,

 

Zoso Condos,

 

Wooster Lofts,

Alexandira lofts

Avalon at Cameron Court,

Cameron Station,

Carlyle Square ,

Carlyle Place Condominium,

 

Diamond Lincolnia,

 

National Gateway,

 

Jefferson at Carlyle Mill,

 

The Jamieson,

 

Lofts at Braddock Metro, The,

 

Midtown - Alexandria Station,

 

Monarch,

 

Royalton, The,

 

EOS Twenty-One,

 

The Exchange at Van Dorn,

 

Old Town Court,

 

Prescott condominiums,

 

Potomac Greens,

 

Riverton,

 

The Strand,

 

Sullivan Place

 

Tuscany Condominiums

Fairfax lofts

 Avera condominiums,

The Byron,

 

Centerpointe Condos

 

Elan Condominium

 

Dulles Greene,

 

Easton,

 

Halstead Condo at the Metro,

 

Loft at Park Crest

 

Morgan At Mclean

 

Market Street at Town Center,

  

Potomac Center

 

Reserve At Tyson Corner

 

One Park Crest Tower,

 

The Regency,

 

The Spectrum

Search for Commercial Real Estate in Northern Virginia

Office spaces for lease in Northern Virginia ,  Office condos for sale in Northern Virginia, Office buildings for sale in Northern Virginia

Retail Spaces for lease in Northern Virginia,  Retail properties for sale in Northern Virginia, Shopping centers for sale in Northern Virginia

Warehouses for rent in Northern Virginia,  Warehouses for sale in Northern Virginia, Apartment buildings for sale in Northern Virginia

Hotels for sale in Northern Virginia,  Commercial land for sale in Northern Virginia,  Search Commercial Real Estate in Northern Virginia


Search for Commercial Real Estate in Washington DC

Washington DC Office Spaces for lease Washington DC Office  Spaces for sale ,  Washington DC Retail Properties for lease

Washington DC Special Purpose properties for lease , Washington DC Retail Properties for sale,  Washington DC Industrial Properties for sale

Washington DC Industrial Properties for lease , Washington DC Special Purpose properties for sale ,Washington DC Investment Properties for sale

Washington DC Investment Properties for sale, Washington DC Commercial Land for sale ,  Washington DC Multifamily Property for sale


Why Why why?

Why more and more loft and condo developments are going rental in our area?

This phenomenon is due in large part to decrease in demand and baby boomers and empty nesters downsizing from their large homes in the suburbs and seeking to take advantage of the amenities that come with urban living. Also, the wave of new development occurring in the Washington DC area is now spreading into the Virginia and Maryland markets.

Arlington new condos, Alexandria new condos, Reston new Condos, Fairfax  new condos, Lorton new condos, Rockville new condos, Bethesda new condos, Silver spring new condos, Germantown new condos, Gaithersburg new condos and Washington DC new condos are leading the charge in urban development in our area.


The higher density developments such as new condos, new condo hotels, new townhomes, and new lofts are occurring at the cities? core as well as the suburban areas. 

Condominium developers today strive to create not only great homes but a true live, work, and play environment. New condominium, condo conversion, townhome, and loft developments are popping up in all the major cities in our area. New home sales are coming from local as well as out of state buyers.

Alexandria new lofts, Arlington new lofts, Bethesda new lofts, North West Washington DC new lofts and Rockville new Lofts developments especially are going up like crazy!

Almost every major city in DC metropolitan area is experiencing a new wave of urban development.
 

Looking for a commercial Property to lease or buy in Washington DC, Maryland or Virginia? We can help !!!


Equal HousingMLS  REALTOR

Proplocate Realty LLC / Robert Gamzeh,  Associate Real Estate Broker 
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