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	Real Estate Agent	RAINER 2,810
	Ernie Dill

	Spotsylvania, VA — Re/Max Bravo RE/MAX International Inc.

	Ernie Dill's (erniedill) Blog

Get to Know Ernie Dill

Full-time + Career Realtor, I’ve completed over 150 short sales as a Listing Agent or Negotiator, represented Buyers, and been an investor in the Fredericksburg / Spotsylvania / Stafford, Virginia markets for several years. Many local Agents are familiar with my work, as I teach Agents "Handling the Short Sale" for Continuing Education Credit through Cindy Bishop Worldwide. I'm blessed to have two dynamic Partners, Missy Walden and Ann Nicholas, both talented, expert, charming Senior Professional Agents. We are the Dill-Nicholas-Walden Team with Re/Max Bravo. (We also have some terriffic Assistants, Tiffany Williams, Natalie Obringer, and Michelle Gansler.)

I've helped many local homeowners whose home or rental property had declined in market value to such an extent that the current market value was much less than their mortgage debt on the property. They were "under water," or "upside down."

I got them out of that situation by doing a "Short Sale."

Amidst the current economic decline and real estate price collapse, approximately 50% of all homes changing hands in our local market recently are "Distressed Sales." About 35% are foreclosures, while about 15% are "Short Sales."

A short sale is a much better alternative than foreclosure. The term "Short Sale" is used to describe a sale where the debt owing against a property combined with the costs of its sale exceeds the property's market value. Upon sale, the lender accepts net proceeds of sale as compromised settlement of the mortgage, and releases its lien.

Foreclosure is a disaster for everyone, homeowner and lender alike. There is no sense going to foreclosure when your property could be sold. Even if you are not facing foreclosure, but are holding too much debt relative to the decreased value of a property, it makes sense for you to restructure out of the precarious situation.

Market prices are 40-50% below peak levels, rates are low, and demand in terms of units sold is about 75% of peak volume. Sellers or potential sellers, who owe more that their homes are worth can easily liquidate their properties, gain release from lien and release from liability (for zero or pennies on the dollar.) We are Regional Short Sale Specialists who will help you do so.

I view the present as a time of extraordinary opportunity for anyone purchasing a home as a first time buyer, move up buyer or investor. Shelter is a necessity, and buying low is a key factor in intelligently investing in any market. We will give you the high-level professional help you need!

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