Posts with tag 'Finances'
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6 signs it's time to sell your home
Deciding when to sell your home isn't always easy. Most people don't expect to stay in their houses forever, but it can be hard to decide when to place your home on the market. If you're on the fence about selling your home, here are several signs it's time to take the leap.
You have positive equity
Equity is the difference between your home's value and the amount you owe on your mortgage. One of the most important signs you're ready to sell is that you have positive equity in your home. With a high amount of equity, there's a higher chance of making a profit on the sale.
To find out how much equity you have, compare the amount you owe on your most recent mortgage statement with your home's market value. Don't re...
27
When it comes to cost of living, the Roanoke Valley has a lot to brag about
If you're a regular reader of my blog or follow my Facebook page, you might remember that recently I shared my
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Join me in August for our homebuying seminar
UPDATED 8/10/18
Homebuyers have access to more information than ever about the real estate market, individual properties and the homebuying process. If you've been doing your research, I'm sure you're finding all kinds of things, both helpful and not so much.
That's why I want to invite you to a homebuying seminar I'm hosting with a colleague this month. It's called "Buying a Home? Tips and Tools for Success." I'll be joined by Karen Hankins, Atlantic Bay Mortgage Group's Western Region business development manager.
Our goal is to sort through the information that's out there and share with you the best of what we know from our combined decades of experience in the real estate and mortgage industries.
T...
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Check out these VHDA affordable-housing programs
Throughout this month, we marked National Homeownership Month. At the same time, the National Association of Realtors published the results of a survey that asked if a high rate of homeownership strengthens a community. Sixty-seven percent of respondents said high homeownership rates do strengthen communities "a great deal."
I agree.
Owning a home instills pride, which can lead homeowners to feel more connected to their neighborhoods and to care more about the future of their communities. It's one of the reasons I love helping buyers find their next homes.
The Virginia Housing Development Authority's mission is to make homeownership more accessible through programs that help people achieve that big milestone. These are just some of the resources available:
Homebuyer education: A free online or in-person class offer...
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Short sale vs. foreclosure: What's the difference?
Just like any industry, real estate is full of terms to which many folks haven't been exposed. When searching for a new home, you might run across a property for sale that is described as a "short sale" or "foreclosure."
Sometimes you get lucky, but often these homes aren't in the best shape. These types of sales usually accompany some sort of financial hardship on the part of the seller, who hasn't necessarily had the money to spend on maintenance and upgrades.
Still, short sales and foreclosures can be excellent opportunities, particularly for investors who intend to rehab them and then sell or rent them, or buyers who want to take on fixer-uppers for themselves. Either way, it's important to understand the difference between the two before you buy.
Short sale
A shor...