Many homebuyers are attracted to the idea of purchasing a foreclosure because of what “seems” to be discounted pricing. It’s true, that often foreclosures are discounted but there is a reason for this: the home may need significant repairs or renovations to make it habitable. If you’re a buyer who doesn’t mind “sweat equity” and can perform much of the repairs or renovations that’s great. But, it’s important to decide on the type of mortgage you are considering. If the foreclosure has “health and safety” issues you may not be able to get the type of mortgage available for … (0 comments)
This is the place to look for information about real estate related issues in the Richmond, Virginia Metropolitan Area.
Richmond is fast becoming one of the most vibrant cities and metro areas in the country. We are experiencing quite a renaissance that creates the environment for attracting many major corporations to relocate their headquarters here.
We have a thriving yet affordable housing market with opportunities for most people to buy either their first home or move up to another home.
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