Forest Lakes Homes For Sale - SOLD - 1816 AMberfield Dr, Charlottesville, VA 22911
https://www.youtube.com/watch?v=gMgAsq6u7WA
Saturday, February 4, 2017
Forest Lakes Homes For Sale - SOLD! - 1816 Amberfield Dr, Charlottesville, VA - Rob Alley RE/MAX - YouTube
Forest Lakes Homes For Sale - SOLD - 1816 AMberfield Dr, Charlottesville, VA 22911
https://www.youtube.com/watch?v=gMgAsq6u7WA
Preddy Creek Homes For Sale - 154 Cottonwood Rd, Barboursville, VA 22923 - Joy Collins RE/MAX - YouTube
Come live in the quiet and beautiful community of Preddy Creek. This 4 bedroom home offers a large master suite with TWO walk-in closets and a private bath. ...
https://www.youtube.com/watch?v=XgNgC70CXBY&t=2s
Real Estate Blog: 154 Cottonwood Rd, Barboursville, VA - Homes For Sale in Preddy Creek - Joy Collins RE/MAX Realty Specialists
Preddy Creek Homes For Sale - Come live in the quiet and beautiful community of Preddy Creek. This 4 bedroom home offers a large master suite with TWO walk-in closets and a private bath. The spacious kitchen includes a bar with beautiful counter tops and space for a breakfast table. Eye-catching hardwood floors are throughout much of this home. Walk-out basement with shelving and plumbing for a bath. Home has a two-zone heat pump for optimal comfort. Home is spacious with 9' ceilings and large rooms. Great for entertaining. The outside includes a paved drive, patio, and fire pit. Come see this beautiful home on a partially wooded lot. Call Joy at 434-623-2569.
http://charlottesvillevarealestate.blogspot.com/2017/02/154-cottonwood-rd-barboursville-va.html
Wednesday, September 5, 2012
Questions To Ask Yourself Before You Invest in Real Estate
Questions To Ask Yourself Before You Invest in Real Estate
For most people, buying their own home will be the largest and most important purchase of their life. Naturally, the prospect of being a home owner is attractive to most everyone. However, in some cases, it can be a real nightmare. Every day, people are losing their homes to foreclosure, going upside down on their mortgages, and being faced with more repairs than they can afford. Owning a home is not a right; it is something that requires a lot of work and planning. When buying a home, there are a few things that need to be considered in order to protect your investment, your future, and your quality of life.
Can I Afford This?
It’s easy to convince yourself that you can afford a high monthly payment when you’re looking at the house of your dreams. It’s important to remember that this payment is not going to be a short-term obligation. In most cases, mortgage payments stretch out for 30 years or more. Having false hope for your ability to make a payment that’s above your pay range is a horrible mistake. You can get an idea of what would be a reasonable monthly mortgage payment for your financial situation by calculating your debt-to-income ratio. Most lenders will recommend that your mortgage payment equal no more than 28 percent of your total monthly income. Your overall debt should be no more than 36 percent. Staying within this range and setting realistic goals will help to ensure that you don’t end up with a mortgage payment you can’t afford.
Is This Really For Me?
Will this home meet your needs? Just because the price is right, doesn’t mean that it’s the house for you. Consider your long-term goals. Do you plan to have a large family? A two-bedroom home may not meet your needs if you plan on having five kids. Are you planning on staying in the area for long? If you are unsure of whether or not you will be living there for longer than a couple years, purchasing a home probably isn’t the best idea. Make sure that the home you choose meets your needs and is located somewhere that you can see yourself living for a considerable amount of time.
Is It Worth It?
Have the home inspected before making a final decision. While some minor repairs are expected when buying a used home, an inspector can warn you about any major flaws in the property before it becomes your problem. Also, always consider the price ceiling of the particular area. Every neighborhood or location has a price ceiling. This means that no matter how nice the home, it will never sell for more than a certain price at that particular location. Make certain that the home you choose is not selling for a price near its ceiling. No matter how much you do to that home, you will most likely never make a profit on it, if you ever decide to sell.
Buying a home can be a full-time job. It is often a stressful process, but if you put the right effort in, you will get the best results. Never rush in and buy the first home you look at. Take your time to shop, ask questions, consider your options, and make the best decision possible. Can you see your kids growing up there? Do you like the school district? Is the commute distance reasonable? Can you afford it? While you may fall in love with a house on sight, it doesn’t mean that it’s for you. If it doesn't match all your criteria, chances are you will regret the purchase. Be patient, and you will find the perfect home for you.
Roger Mayhem writes about finance, health & more at www.homeequityloan.net.
For most people, buying their own home will be the largest and most important purchase of their life. Naturally, the prospect of being a home owner is attractive to most everyone. However, in some cases, it can be a real nightmare. Every day, people are losing their homes to foreclosure, going upside down on their mortgages, and being faced with more repairs than they can afford. Owning a home is not a right; it is something that requires a lot of work and planning. When buying a home, there are a few things that need to be considered in order to protect your investment, your future, and your quality of life.
Can I Afford This?
It’s easy to convince yourself that you can afford a high monthly payment when you’re looking at the house of your dreams. It’s important to remember that this payment is not going to be a short-term obligation. In most cases, mortgage payments stretch out for 30 years or more. Having false hope for your ability to make a payment that’s above your pay range is a horrible mistake. You can get an idea of what would be a reasonable monthly mortgage payment for your financial situation by calculating your debt-to-income ratio. Most lenders will recommend that your mortgage payment equal no more than 28 percent of your total monthly income. Your overall debt should be no more than 36 percent. Staying within this range and setting realistic goals will help to ensure that you don’t end up with a mortgage payment you can’t afford.
Is This Really For Me?
Will this home meet your needs? Just because the price is right, doesn’t mean that it’s the house for you. Consider your long-term goals. Do you plan to have a large family? A two-bedroom home may not meet your needs if you plan on having five kids. Are you planning on staying in the area for long? If you are unsure of whether or not you will be living there for longer than a couple years, purchasing a home probably isn’t the best idea. Make sure that the home you choose meets your needs and is located somewhere that you can see yourself living for a considerable amount of time.
Is It Worth It?
Have the home inspected before making a final decision. While some minor repairs are expected when buying a used home, an inspector can warn you about any major flaws in the property before it becomes your problem. Also, always consider the price ceiling of the particular area. Every neighborhood or location has a price ceiling. This means that no matter how nice the home, it will never sell for more than a certain price at that particular location. Make certain that the home you choose is not selling for a price near its ceiling. No matter how much you do to that home, you will most likely never make a profit on it, if you ever decide to sell.
Buying a home can be a full-time job. It is often a stressful process, but if you put the right effort in, you will get the best results. Never rush in and buy the first home you look at. Take your time to shop, ask questions, consider your options, and make the best decision possible. Can you see your kids growing up there? Do you like the school district? Is the commute distance reasonable? Can you afford it? While you may fall in love with a house on sight, it doesn’t mean that it’s for you. If it doesn't match all your criteria, chances are you will regret the purchase. Be patient, and you will find the perfect home for you.
Roger Mayhem writes about finance, health & more at www.homeequityloan.net.
Monday, July 16, 2012
Charlottesville Real Estate: Real Estate Market 2012 - 2nd Quarter Market Repor...
Charlottesville Real Estate: Real Estate Market 2012 - 2nd Quarter Market Repor...: The Charlottesville Area Association of Realtors has released its data for the 2nd quarter of 2012. There is a download link as well as th...
Author Bio: Rob Alley earned a bachelors degree at Virginia Tech, in Blacksburg, VA in Biology. Rob Alley consults with homeowners regarding Real Estate transactions and speciliazes in listing and selling Charlottesville Real Estate. Realtor/Owner of Virginia Real Estate Solutions at RE/MAX Assured Properties
Charlottesville Real Estate Experts
Author Bio: Rob Alley earned a bachelors degree at Virginia Tech, in Blacksburg, VA in Biology. Rob Alley consults with homeowners regarding Real Estate transactions and speciliazes in listing and selling Charlottesville Real Estate. Realtor/Owner of Virginia Real Estate Solutions at RE/MAX Assured Properties
Charlottesville Real Estate Experts
Charlottesville Real Estate: What options do homeowners have to avoid foreclosu...
Charlottesville Real Estate: What options do homeowners have to avoid foreclosu...: What options do homeowners have to avoid foreclosure after they start the foreclosure process? It was somewhat of a surprising questio...
Author Bio: Rob Alley earned a bachelors degree at Virginia Tech, in Blacksburg, VA in Biology. Rob Alley consults with homeowners regarding Real Estate transactions and speciliazes in listing and selling Charlottesville Real Estate. Realtor/Owner of Virginia Real Estate Solutions at RE/MAX Assured Properties
Charlottesville Real Estate Experts
Author Bio: Rob Alley earned a bachelors degree at Virginia Tech, in Blacksburg, VA in Biology. Rob Alley consults with homeowners regarding Real Estate transactions and speciliazes in listing and selling Charlottesville Real Estate. Realtor/Owner of Virginia Real Estate Solutions at RE/MAX Assured Properties
Charlottesville Real Estate Experts
Wednesday, December 14, 2011
Buying A Foreclosure Home With No Money Down
Buying A Foreclosure Home With No Money Down
There are several ways to accomplish the purchase of buying homes without using any cash. this article is just a couple of way of doing it. Owner occupents are the focus as these tactics are available to investors.
Federal Housing Administration (FHA) foreclosure homes are different from any other type of foreclosure home in that there are several methods of buying a property utilizing low money down or no money down techniques. It is essential to first understand the several different ways in which the FHA lists the foreclosure homes that they are selling.
IN = Insured
IN indicates a foreclosure home that currently meets minimum property standards (MPS) and is currently in livable condition. IN foreclosure are not currently available with no money down, but can be obtained with no money by applying these techniques.
Simply bid on the foreclosure home using an FHA 203b mortgage (as seen on the HUD contract) and then have the foreclosure home inspected. Be certain that you are with the home inspector and that the home inspector understands that you are interested in finding the deficiencies of the foreclosure home. Be sure the foreclosure home deficiencies are included in the necessary MPS items, including structural, heating and plumbing—paint and carpet will not be enough.
Send the foreclosure home inspection along with your request to include the necessary funds in the price you are paying for the foreclosure home. Repair funds requested must exactly meet the increase of the purchase price for the foreclosure home. Be sure that the amount requested is less than $5500 and that is approximately the three percent you were required to put down on the mortgage.
You could increase the amount of money received for repairs by applying for a 203k mortgage after the foreclosure home has been inspected. This raises the amount of funds received to a possible limit of 110% of the value of the foreclosure home after repair.
IE = Insured with Escrow
IE indicates a foreclosure home that requires some degree of repair in order to meet MPS. Additionally, IE foreclosures are not currently in livable condition. These foreclosure homes are not currently available with no money down but can be acquired with no money by applying these techniques.
Simply bid on the foreclosure home using an FHA 203b mortgage (as seen on the HUD contract) and then have the foreclosure home inspected. Be certain that you are with the home inspector and that the inspector understands that you are interested in finding the deficiencies of the foreclosure home. Be sure the foreclosure home deficiencies are included in the necessary MPS items, including structural, heating and plumbing—paint and carpet will not be enough.
Send the foreclosure home inspection along with your request to include the necessary funds in the price you are paying for the foreclosure home. Repair funds requested must exactly meet the increase of the purchase price for the foreclosure home. Be sure that the amount requested is less than $5500 and that is approximately the three percent you were required to put down on the mortgage.
You could increase the amount of money received for repairs to the foreclosure home by applying for a 203k mortgage after the foreclosure home has been inspected. This raises the amount of funds received to a possible limit of 110% of the value of the foreclosure home after repair.
UI = Uninsured
UI indicates a foreclosure home that requires repairs in order to meet FHA standards and that is currently not in livable condition. UI foreclosures are available with low money down but can be obtained with no money down. It is even possible to buy these foreclosure homes and make a substantial profit if you apply the following techniques.
The home inspector will send the foreclosure home inspection to the mortgage lender along with the financial requirements to do all of the noted repairs. The inspector’s assessment of the repair cost can be adjusted up or down in order for you to get enough money to complete the repairs. Be sure to allocate enough so that you can break even on the purchase. If you have any need for additional cash, include a margin so that you can either add to your savings or pay some additional debt off. The maximum mortgage allowed is 110% of the value of the property after repairs. The bank generally frowns on this practice, but if you act as the general contractor and work on the foreclosure home yourself, you can pay yourself for the work performed.
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