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Archive for the 'mortgage' Category

Sold! Your House in Williamsburg

Some things are hard to measure, and others are easy. Success in a real estate sale is easy. It occurs when the “SOLD” sign is in your front yard. And having that occur as quickly as possible is the goal of every real estate agent and every home seller.
You have undoubtedly [...]

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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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Your Tax-Free Profits
Significant tax reform legislation was signed into law with the Taxpayer Relief Act of 1997. This legislation replaced both the one-time $125,000 tax-free exclusion for homeowners aged 55 and older, and the “rollover” deferment of capital gains tax requiring the purchase of a replacement home of higher or equal cost within two years [...]

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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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HUD announce OK to monetize tax credit for first time home buyers to use as a downpayment.
Who qualifies: The biggest qualification is to be a first time home buyer or in this instance, someone who has not owned a home for the past three years.
http://www.hud.gov/news/release.cfm?content=pr09-072.cfm

From the HUD press release: Currently, borrowers applying for an FHA-insured [...]

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Financial Help
Home prices often cause many first-time buyers to seek help from their families for the down payment on a new home. If your parents are providing financial assistance for the purchase of a home, it is important that you have very clear agreements with them about the conditions under which their help will be [...]

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Insuring Your Williamsburg Home
Many Williamsburg Virginia 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 Williamsburg property, he or she has an insurable interest in the property as soon [...]

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Time To Buy?
Buying a home for the first time is a major decision that requires planning and preparation. Becoming a homeowner is an exciting process with many complexities that real estate agents are trained to manage.
We are experienced in working with first-time buyers and are well-versed in the creative financing that can make dreams become [...]

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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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