Northern VA Foreclosures
Foreclosures in Northern Virginia are still a serious issue, but for home buyers, they can also be an unparalleled opportunity to succeed in Virginia real estate. The number of distressed homes remains high in NoVa, which means that home buyers looking for foreclosure homes (also known as REOs and bank-owned homes) or short sales have plenty of options.
Read more about Northern Virginia foreclosures.
| All Listings | $200,000 - $300,000 |
This Resort-like Estate Is Nestled Among Mature Trees...
- Price:
- $3,250,000
- City:
- Great Falls
- Beds:
- 7
- Baths:
- 7
- Type:
- Residential
- MLS® #:
- FX7845383
- Provider:
- Llewellyn, Realtors
This Resort-like Estate Is Nestled Among Mature Trees In The Heart Of Horse Country. The Main House Features...
1850 Georgian Estate. 121 Acres. Traditional Virginian...
- Price:
- $2,900,000
- City:
- Middleburg
- Beds:
- 8
- Baths:
- 5
- Type:
- Residential
- MLS® #:
- LO7798769
- Provider:
- Middleburg Real Estate
1850 Georgian Estate. 121 Acres. Traditional Virginian Hunt Country Manor. Spacious & Private 8-bedroom...
Open By Appt, Sunday 5/6 * Custom Morris Day Designed...
- Price:
- $2,700,000
- City:
- Mclean
- Beds:
- 7
- Baths:
- 8½
- Type:
- Residential
- MLS® #:
- FX7626344
- Provider:
- Long & Foster Real Estate, Inc.
Open By Appt, Sunday 5/6 * Custom Morris Day Designed & Built Home In Sought After Langley Forest...
No Va's Most Extraordinary Gated Golf Course Community....
- Price:
- $1,890,000
- City:
- Leesburg
- Beds:
- 6
- Baths:
- 7
- Type:
- Residential
- MLS® #:
- LO7520597
- Provider:
- Creighton Realty, Llc.
No Va's Most Extraordinary Gated Golf Course Community. New Completed Home Located On Pond With...
Approved At This Price! Short Sale...4 Level Country...
- Price:
- $1,683,700
- City:
- Waterford
- Beds:
- 4
- Baths:
- 4
- Type:
- Residential
- MLS® #:
- LO7537458
- Provider:
- Prudential Penfed Realty
Approved At This Price! Short Sale...4 Level Country Manor On 42 Lush Acres Bordered By Catoctin Creek*overlooking...
Property Is Tenant Occupied (viewing By Appointment...
- Price:
- $1,650,000
- City:
- Mclean
- Beds:
- 4
- Baths:
- 4½
- Type:
- Residential
- MLS® #:
- FX7651058
- Provider:
- Long & Foster Real Estate, Inc.
Property Is Tenant Occupied (viewing By Appointment - 48 Hr Notice). Subject To 3rd Party Approval. Two...
Northern Virginia Foreclosures
The epidemic of foreclosures that has swept the nation hit Virginia homes hard in the past few years. While our levels are well below the national foreclosure rate, they are still high enough to depress the market for some time to come. It is estimated that the Virginia home market could be impacted right through 2012, even while home values and prices rise.
Why choose a Northern Virginia foreclosure home?
Foreclosures in Northern Virginia offer the home buyer a wide range of properties to consider, some of which that can be had for less than comparable non-foreclosed homes. Many Virginia foreclosures have fallen into disrepair and can net a handy person a considerable profit if they do much of the work themselves.
There is another reason to consider NoVa foreclosed homes. A foreclosed home in Northern Virginia can lower the values of surrounding homes by as much as .9%. It doesn’t look like much, but as any homeowner can tell you .9% is a lot of money when you’re dealing with hundreds of thousands of dollars. Foreclosures hurt the local economy by stopping the flow of tax dollars coming from each residence and by driving away people who would otherwise be contributing to local businesses.
By investing in these homes, you are putting more money into the local economy. Whether you are buying for yourself or for an investment property, you are adding another home back into circulation. Not only that, you are making the value of the surrounding homes go up a notch - which helps the value of your home go up.
Contact the Realtors® at SaveAFewThousand.com to find out more about NoVa foreclosures.