All owners of Northern Virginia real estate are interested in knowing the actual value of their home. What your home is worth depends on what you intend to do with the information. There may be one value based on a purchase or sale, and a completely different value determined for insurance purposes.
In the future, it may be clear that this was the best buyer’s market ever. The prices are down nationwide 35-40% from four years ago, mortgage rates have never been this low and rents are rising. Few homes have been built in recent years to keep up with a growing population. Now may be the best time to buy real estate.
Here is another easy way we can save money as homeowners of northern Virginia real estate: automatic thermostats.
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 […]
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 […]
Thinking about a short sale, but can’t pay your homeowner’s association dues? Fairfax VA – Many people think that if they have any unpaid homeowner’s association dues, they are ineligible for a Fairfax short sale. This is not true. Typically, when you short sell your home, your lender will pay the association dues for you. […]
Fairfax VA – Short sales have a reputation for being frustrating and complicated. Here is a story that illustrates why short sales have earned this reputation. Let’s say you are negotiating a short sale with a lender. You call them and get transferred to a call center in another country. They are helpful and give […]
