home buyer tips: What To Consider When Buying A Fixer-Upper in Northern Virginia
- 02/21/14 09:53 PM
In your imagination it seems like a great idea – you purchase an older run-down property in Northern Virginia and you have the chance to fix it up and turn it into the home of your dreams. To Renovate, Or Not To Renovate However, the renovation project that is simply a quick montage in your imagination will actually take several months or years and thousands of dollars in real life. The concept of renovating a "fixer-upper" property is exciting, but the reality is a lot of work and investment. How can you make sure that you are making the right choice … (2 comments)
home buyer tips: No. Va. Home Buyers - Get The Lowdown On Private Mortgage Insurance
- 10/17/13 01:40 AM
Northern Virginia home buyers - you may have heard the term Private Mortgage Insurance when looking to finance real estate. What is PMI, and how do you know when you need to purchase it? The answer can be hard to find among all the real estate jargon you're hearing lately. Below is the short version of what you need to know. What Is Private Mortgage Insurance? PMI is an extra insurance required by some lenders to offset their risk of you defaulting on your home loan. When you put down less than 20 percent of the real estate's value, your lender … (0 comments)
home buyer tips: Quick Tips To Beat Out Cash Buyers in Northern Virginia
- 09/25/13 12:29 AM
You've been searching for the perfect Northern Virginia home for quite a while, and finally, you've found it! You get all of your finances in order and place an offer on the house. However, you're not the only one that loves the home, because there are multiple offers — and one of them is cash. Cash buyers are seen as desirable because they're almost always a guaranteed quick close. They don't have to borrow money from a bank therefore won't have any financing hang-ups, which is where a large portion of offers fall through. Don't worry; not all hope is lost. … (0 comments)
The beauty of reverse mortgages is that you'll receive money as long as you are current on property taxes and homeowners insurance. While this seems like an appealing opportunity, it's a decision that should not be made lightly. Not only is the reverse mortgage complicated in itself, but homeowners make all sorts of mistakes when they're too quick to sign the dotted line. So … (2 comments)
So what factors should you consider when you are choosing which Northern Virginia neighborhoods to house hunt within? Proximity to Your Daily Needs If you work downtown, living out in the suburbs means that you will be adding time for a commute onto your day. While this might be worth the cheaper prices for properties out of the town center, it is something to … (0 comments)
This, among other very good reasons, is why you should have a home inspection before you buy your Northern Virginia home. When you buy a home, you need to know exactly what you're buying. A home inspection is an important part of buying your home. Before you hire a home inspector, ask candidates a few questions to make sure you hire a trustworthy inspector. What Does Your Inspection Cover? Not all inspections … (2 comments)
In your imagination it seems like a great idea – you purchase an older run-down property in Northern Virginia and you have the chance to fix it up and turn it into the home of your dreams.
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