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Archive for the 'financing' Category

I know that some of these scams are going on in our area and across the country.  One of my investor clients was approached with one of the ‘cash back’ scenarios below when he was given a years rent up front in the form of a cashiers check.  Fortunately, he suspected something was up and [...]

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I recently posted the following on a real estate website in answer to the question: Is buying a home in Williamsburg in the 23185 zipcode a good idea?

Written 6/24/2009:  Williamsburg VA:
I completely agree that lending practices were far to easy before the economic problems. Overcorrection and making it very, very difficult to get a mortgage [...]

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Making Your Williamsburg Dream Home Come True
Is it time to initiate the purchase of your first Williamsburg home? You may be starting a family and outgrowing your small apartment. If the time seems right to seriously consider buying a house in Williamsburg, but you are afraid you don’t you have enough cash, don’t worry!   A [...]

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If you are a new home buyer or have not owned a home in the past 3 years, we have good news.
The Federal Government is offering an $8000 tax rebate to first time home buyers.  The 8K is received after closing and filing a form with the IRS.
Here’s where it gets good!  The Virginia Housing [...]

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Insuring Your Home
Many home buyers are concerned about whether they have an insurable interest in the property before the actual closing. The answer is an unqualified “yes”. Although the buyer is not yet the recorded owner of the property, he or she has an insurable interest in the property as soon as the agreement of [...]

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Credit Card Mania & Home Buying
Credit availability has tightened up. Federal guidelines are pushing for higher credit scores.
Most people know that a checkered credit history can disqualify you for a home loan, and maxed-out credit cards can do the same thing. But what most home buyers don’t know is that merely having a large [...]

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A Tough Sale
Here is a situation that many buyers have experienced. After searching for weeks, you found the perfect home and you made a very low offer. The sellers responded with a counter-offer which was several thousand dollars lower than their asking price. You came back with a slightly higher bid, and they came down [...]

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Clean Offers
You have found a house that makes your heart skip a beat–it is in the right location and has all the amenities you want. The price is the only thing that is keeping you from making an offer, because you feel that it is more than you can afford. How can you maximize the [...]

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Capital Gains Exemptions
If you recently sold a home without meeting the basic ownership and use criteria for waiving capital gains tax, you might still be able to claim reduced exemptions if you meet certain other criteria.
Homeowners who had to sell because of a change in place of employment can qualify for reduced tax. You must [...]

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Real Estate Agents’ Questions : Williamsburg Real Estate Guide
Real estate agents should begin their professional relationship with client buyers by asking numerous questions about the buyer’s personal and financial situation. The answers to these questions will give the real estate agent a clear idea about the buyer’s housing needs and price range. It is a [...]

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