Annandale is a pretty Washington DC suburb that is family friendly and features good schools and shopping opportunities, as well as easy access to museums and other cultural attractions. Annandale foreclosures afford buyers a great opportunity to invest in this growing community for much less than a traditional real estate sale.
Search our Annandale VA foreclosure listings below to find REOs and bank owned homes for sale. To learn more about buying a foreclosed home, click to read more. To broaden your real estate search, see all Annandale homes for sale.
Annandale VA Foreclosures - Current Listings
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Annandale Foreclosures & REOs for Sale
One thing to keep in mind when looking at Annandale REOs for sale is that offering below asking price is likely to get your offer rejected outright. This is because in most cases, the listing price is the lowest amount the bank is willing to accept. That's not to say that the price won't eventually drop if the house continues to sit on the market, but in order to have your offer taken seriously, offer the asking price or a little bit more.
When presenting an offer to the bank, keep your contingencies to a minimum. Too many conditions will make the bank look for another buyer to deal with—one who isn't so demanding. However, there are still items of importance to include in your purchase offer, and these include a home inspection, financing, and an appraisal. These will serve to protect your interests, while not turning off the bank.
Remember though that with foreclosed homes, because you're buying the property in as-is condition, even if you get a home inspection done, the bank in all likelihood won't be making any repairs. So what purpose does the home inspection contingency serve in this case? Even if the repairs won't be made by the bank, you still want to know the condition of the home, and the extent of repair work needed.
Contact Certified Distressed Property Expert, Carolyn Capalbo for assistance finding the right bank owned home for you. Thinking of selling? Try our free Northern VA home evaluation to help price your home for today's market.
© 2020 BRIGHT, All Rights Reserved. Information deemed reliable but not guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Long & Foster Real Estate Inc. participates, and is provided by BRIGHT through a licensing agreement. Real estate listings held by brokerage firms other than Long & Foster Real Estate Inc. are marked with the IDX logo and detailed information about each listing includes the name of the listing broker.The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller.
Listing information last updated on July 3rd, 2020 at 4:21pm EDT.