Owners of Northern Virginia real estate are looking to keep repairs & maintenance cost to a minimum! Even if you are not considering selling your home at this time, preventative maintenance is an imperative step to securing your real estate investment. We’ve heard the advice, “If it isn’t broke, don’t fix it,” but when it […]
If you are looking for homes for sale in northern Virginia, consider purchasing one for an investment. Rental homes offer a high return on investment without the instability of stock market fluctuations, and are considered and IDEAL investment in this economy. The “IDEAL” acronym above illustrates the major advantages of investing in rental properties: Income […]
If you put money in your bank savings, you’ll make around 1% or less nowadays. Plus you pay income tax on that interest. However, if you contribute that same money or something extra to your mortgage payment every month basis instead, you will earn at the mortgage interest rate you are paying. And that is […]
Irrespective of the quote that you get from a lender on a mortgage, what you end up with determined by a number of variances. Mortgage companies determine if they want to loan money and what the interest charge will be based on the amount perceived risk they think will be involved with the borrower. There […]
Similar to Diogenes’ search for an honest & fair man, most homeowners are looking for someone who does quality repairs at an honest and fair price. The task appears fairly simple but if you’ve ever tried to find someone to repair something in the past, you know how tough it can be. Finding a list […]
For many people and for many reasons, buying a home is better than renting a home. In many communities, the inventory of houses to rent is limited, whereas there’s likely to be a large variety of houses on the market at many prices. If specific location matters, buying a house is the better way to […]
Fairfax VA – A homeowner – we’ll give him the alias Peter – recently asked me a question about foreclosures. Peter, who was facing foreclosure himself, asked, “I am six months behind on my mortgage payments. I just got the tax bill for 2010 in the mail. Should I pay it?” Peter asked me what […]
Fairfax VA – I recently wrote a post about how banks will lose more money through a foreclosure than a short sale. In fact, a recent study by Boston Consulting Group showed that a lender will net 20% more money on a short sale versus a foreclosure. The reason for this is because short sales […]
Fairfax VA -Recently I read a book by former real estate agent Robert Ringer. The book addressed the power of persistence in ensuring success. He told a story about phoning a call center and I’d like to share it with you. When he called, the first person told him that he wouldn’t be able to […]
Fairfax VA -Individuals facing foreclosure might wonder if it’s best to do a deed-in-lieu of foreclosure and just give their home back to their lender. A deed-in-lieu does have its benefits – for the lender that is. Lenders like them because it speeds up the foreclosure process. After all, a deed-in-lieu is basically like pleading […]
