In today's Talking Money with Jean Chatzky, she discusses the importance of understanding your loan product and the process itself when purchasing a home. In this article she poses numerous questions about the process that can help you when applying for your next mortgage.
http://www.heraldextra.com/business/article_80090c1b-1e43-5c3e-9e10-41b065c37c47.html
When you are ready to purchase your next home, allow me to assist you. I have access to our top, local professionals in the mortgage industry who have the experience and knowledge you can count on to get the best deal on the market!
http://www2.timesdispatch.com/business/business/2011/jun/21/TDBIZ01-housing-market-improves-this-year-ar-1121934/
Home values are still lower than they were a year ago, mostly stemming from a foreclosure saturated market, but new data reveals that more homes are selling at a faster rate.
Recently, everyone has been talking about how "the time to buy is now!" It may be a good time to put your home on the market as well!
If you have any questions about your home's value or the process of listing your home, please do not hesitate to let me know!
Despite all the doom and gloom out there in the news, the attached article from the Wall Street Journal makes some strong arguments as to why THE Time to Buy is NOW!
Depressed market conditions combined with historically low rates will not last forever! "Once the foreclosure mess begins to clear up, say housing economists, the traditional drivers of the housing market—demographics, affordability, loan availability, employment and psychology—should take over." This will give the upper hand back to Seller's and you will have missed your chance at taking advantage of this once in a lifetime opportunity.
The long-term case for home ownership is looking stronger than ever. If you have any interest in learning more about this opportunity, don't hesitate to let me know.
http://online.wsj.com/article/SB10001424052702304563104576361522020024248.html
Nearly one fifth or 19% of mortgaged residential property in the Richmond, VA market are underwater...meaning the home is worth less than what is owed on the property should the property sell today!
As long as foreclosures continue to saturate areas of our market, property values will continue to decline...however in certain areas of Richmond, we are seeing an uptick of activity and values seem to be bottoming out if they have not already.
Richmond as a whole is better off than the nationwide statistics, and our historically strong markets are head and shoulders above nation averages...I believe we are on the road to recovery and with interest rates still at rock bottom rates, this is the time to buy while home prices are as depressed as they might get!!!
http://www2.timesdispatch.com/business/2011/jun/09/tdbiz01-nearly-19-percent-of-mortgaged-properties--ar-1095415/
