Buying a Home Step 2: Find a Realtor
Posted on Created: Thursday, 17 June 2010 15:29
This may be the single most important step when buying a home. A good Realtor will help facilitate a home purchase that may or may not get you everything you want. A GREAT Realtor will save you thousands of dollars up front in negotiating, time and stress when dealing with home inspection negotiations, and huge savings with lenders and title companies. Make sure you talk to a couple Realtors before you decide to work with one in particular. All Realtors are different and have different styles; you have to feel comfortable with your Realtor on a personal and professional level. Here are some helpful questions to ask your Potential Realtor: 1. How long have you been a Realtor? 2. How many buyers have you successfully represented over the last three months? 3. Can I choose a few to randomly call for a referral? 4. What is your negotiating advantage? (Hard numbers here people!) 5. What type of Technology do you use? (If they don’t have a smart phone, run!) 6. What types o ...
 
Step 1: Get Pre-Approved
Posted on Created: Monday, 07 June 2010 15:30
Lending standards and programs change daily. It is critical to establish as early as possible what you can comfortably afford when purchasing a home. Aim to spend no more than 25-33% of your monthly earnings on a mortgage payment. Compare at least 2 lenders when shopping for a mortgage. Get referrals from friends and your Realtor. Pick up the phone and give them a call or fill out their online mortgage application online if they have one. If you belong to a credit union give them a call as well, as they may have special deals for their customers. Other important things to consider when getting your pre-approval: · Down Payment: The larger your down payment the better. Conventional loans usually require 10-20% down where an FHA loan requires as little as 3.5% down, and if you qualify for a VA loan you may not need a down payment. · Closing Cost: What is your lender charging you? What are the government fees in the county you are purchasing in? Ask any lender you apply with for ...
 
If Stafford is your destination, we have the house for you!
Posted on Created: Friday, 21 May 2010 17:04
I-Agent.com just received a gorgeous new listing in Stafford, VA. If you're looking for a single family home in Stafford County, then search no further. 46 Poplar View Drive sits on 1.25 acres, boasts approx 5,300 finished square feet, and has 6 bedrooms and 4.5 baths. Our clients have done an amazing job renovating this property. Walk into a two story foyer with gorgeous hardwood floors and you will immediately feel at home. All of the light fixtures have been replaced over the last two years to give this home a modern feel. The kitchen features stainless steel appliances, granite counter tops, new cabinets, and ceramic tile flooring. There are five spacious bedrooms and three full b ...
 
Got a Dollar, You Got a House! Well, Sort of...
Posted on Created: Tuesday, 16 February 2010 00:39
Nowadays, it takes more effort to sell a home than ever before. Homeowners, often desperate to get rid of their old homes, are really at a disadvantage. Market conditions truly favor the buyer right now, simply because homes are not in especially high demand. Sometimes, a little creativity pays off. Oftentimes it can mean the difference between a sold home and going bankrupt. That’s why I’d like to applaud the effort of some of Detroit’s city officials. Who says you have to be a homeowner to be creative? Detroit city officials are going to extreme measures to clear foreclosed blemishes from their streets. Their most recent endeavor is extremely unbelievable; they are selling an abandoned home for just $1. That’s right; a home is being sold for a dollar. There has to be a catch, right? Unfortunately, yes, there is a catch. Whoever buys the home has to pay for it to be moved. That will probably amount to a 20,000 dollar fee. Still not bad, but not as good as at first ...
 
The Light
Posted on Created: Wednesday, 03 February 2010 19:06
There is definitely more than one way to help solve the real estate crisis. Selling foreclosed homes is one such way. In the third quarter of 2009 alone, Fannie Mae, a large real estate company, sold almost 89,000 foreclosed homes, up 50,000 from marks from the second quarter. And they are doing more to increase these numbers. Fannie Mae is trying to get rid of a large inventory of foreclosed homes that they have built up over the last several months. This is good news for buyers. Fannie Mae is so anxious to get these unwanted properties into someone else’s hands that they are offering to pay as much as 3.5 percent toward the homes’ closing costs. The move is designed to try and increase sales in a rather weak market. Fannie Mae hopes to kill two birds with one stone; with any luck, they will be rid of the 80,000 new additions to their foreclosed homes stockpile, and they will hopefully be increasing the number of people who are willing to buy in these troubling times. Co ...
 
Grim Predictions
Posted on Created: Monday, 19 October 2009 11:44
The chairman of the Mortgage Bankers Association has predicted that foreclosures will rise into next year.  This is due to many factors, including the increasing unemployment levels, which has been regarded as the main reason behind the prediction.                 Although experts have stated that while the “recession” has ended, the effects will still be seen into next year.   Unemployment is rising fast, because people are losing their jobs and not getting re-hired quickly enough.  The re-hiring process is taking much longer than need be for most companies, which is compounding the problem.                 There seems to be an ominous tone to reports these days.   A few weeks ago it seemed like things were looking up; statistics showed signs of improvement in the housing sector.  However, this new report indicates that we have very little to look forward to in the next few months.  Unemployment and foreclosures will rise, despite reports th ...
 
Optimism in the Air
Posted on Created: Thursday, 01 October 2009 10:49
For the third month in a row, we find ourselves with a bit of good news on the real estate front.  In each of the last three months, home prices have risen.  This bit of information is a real source of excitement, not just for economists but for citizens across the country.  This is a sign that the real estate market is finally stabilizing.                 This is the first time in three years that such a continuous increase has been seen.  Although home prices are still down about 13 percent from a year ago, this is much better than we have seen in previous months.  The 8,000 dollar tax credit given to first time buyers is being designated as one of the main reasons why this periodic increase has occurred.  It has been solely responsible for more than 400,000 home sales that would not have occurred otherwise.                  Many are lobbying for an extension on this tax credit, on the grounds that it would be detrimental to the American real e ...
 
 
 

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