We don’t like to think of the possibility of having to file a homeowner’s insurance claim for a loss on our Northern Virginia real estate, but it’s still good to have the best financial plan in place to be prepared. One way to control our insurance costs and risk is through the deductible.
If you are an investor looking to purchase Northern Virginia real estate, the timing and benefits of purchasing a single-family home as a rental couldn’t be better than in this current market. Single-family homes used for rental property have particular advantages over other types of investments.
This month’s issue of ‘Healthy Wealthy and Wise’ is now available. My Free Consumer Newsletter is loaded with useful Consumer & Health Tips, Wild Trivia, Funny Jokes, Entertainment, Quotes, and a bit of Money Saving ‘Insider’ advice from my Real Estate Radio Show!
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.
Do you own Northern Virginia real estate as a principal residence, and also own a second home at the beach or in the mountains that you use for vacations?
It’s important to know that although principal and second homes have some very similar tax benefits, there are also some differences that you should consider.
This month’s issue of ‘Healthy Wealthy and Wise’ is now available. My Free Consumer Newsletter is loaded with useful Consumer & Health Tips, Wild Trivia, Funny Jokes, Entertainment, Quotes, and a bit of Money Saving ‘Insider’ advice from my Real Estate Radio Show!
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.
Home buyers, here’s yet another great way to save money on your purchase of Northern Virginia real estate: Assume an existing FHA or VA loan. The recent low interest rates on FHA and VA loans make assumption an attractive choice for many buyers who meet the qualifications.
Home Security – Summer Safety Reminders
Whether you are a renter or an owner of Northern Virginia real estate, home is a place that we all would like to feel safe and secure. Unfortunately, we cannot become complacent with our home safety habits, because burglars are especially active during the summer months, when many people vacation and leave their homes unoccupied.
All good real estate agents showing buyers homes for sale in Northern Virginia will agree that the benefits of having a lender’s pre-approval are undeniable. It is good for everyone involved in the home buying process; buyers, sellers and agents.
