This is a letter sent to all REALTORs regarding Pesident Obama's plan to reduce mortgage interest deductibility.
Dear Fellow REALTOR®, You may have seen news reports about President Obama’s budget proposal that was released today at 11:30 AM Eastern Time. A small section of the sweeping budget plan has the potential to become a major impediment to a recovery in real estate markets across the nation. NAR is 100% opposed to the provision that modifies the Mortgage Interest Deduction and is prepared to use its formidable array of resources against its enactment. As currently drafted, the plan changes … (0 comments)
roanoke: Homeowner Stability plan
- 02/27/09 02:05 AM
Homeowner Affordability and Stability Plan On February 18, 2009, President Obama announced his Homeowner Affordability and Stability Plan, designed to help up to 7-9 million families avoid foreclosure by restructuring or refinancing their mortgages. In doing so, the plan not only helps responsible homeowners behind on their payments or at risk of defaulting, but prevents neighborhoods and communities from being pulled over the edge too, as defaults and foreclosures contribute to falling home values, failing local businesses, and lost jobs. The key components of the plan are: 1. Government Sponsored Enterprises (GSEs) Refinancing for Up to 4 to 5 Million Responsible … (0 comments)
roanoke: Spencer Cole's 2009 Winter Sales summary
- 02/12/09 11:34 AM
Spencer Cole real estate sales update for Winter 2009: sales are slow. I could stop there but that wouldn't be fair! As an agent I am about to close one sale on a foreclosure property in Botetourt. I am working with several active buyers who are confident and close to a decision. Them there are the dozens of substantial prospects, several of whom could act at any time. So that end ofbyhe business, working with buyers has been keeping me quite busy. I have spent several recent weekends showing homes to couples from out of town. On a side note, much … (0 comments)
roanoke: Roanoke Real Estate Market Update
- 02/12/09 11:29 AM
The Roanoke Valley real estate market is slow. There is no doubt about that. Some well known agents who typically represent high class homes and mansions are taking listings for under $100k. That says a lot. To me it says that this is what is selling right now: smaller and cheaper homes. Now with thebproposed $8000 tax credit just for first time buyers the number of smaller home sales is likely to increase. The amount of foreclosures is steadily increasing while over all home prices are steadily decreasing not, however, at the same rate as the national average. Roanoke has done … (0 comments)
roanoke: $7500 tax credit for first time homebuyers through August 2009
- 02/12/09 11:21 AM
$7500 !!!! Well it's better than nothing. Myself and several colleagues were really hoping the new economic stimulus package would include the $15000 tax credit for any home buyer in 2009. Instead it looks like we'll get a $7500 credit for first time buyers who purchase a home by the end of August. It appears the House will vote to approve the package very soon and the Senate is likely to follow suit very soon. This is good, but 1st time buyers make up a very small part of the market. At any given time the percentage of 1st time home … (0 comments)
roanoke: New listing in Botetourt near Fincastle
- 12/04/08 02:58 AM
I have listed for sale a beautiful ranch just outsid eof Fincastle on Springwood Rd. It is a 3 bedroom, 1 bath home in excellent condition. The bathroom has been remodeled as well as the kitchen with all new cabinets and new wood floors throughout the home. All the trim work is new and everything has been freshly painted, just ready to move in! There is a heat pump/central air system. The home sits on a 1 acre lot and has a new storage shed as well as a barn with electricity. perfect for horses or just storing your toys!
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roanoke: Realtor Luncheon
- 08/27/08 12:42 AM
Here's a first for me: Next Thursday 9/4/80 I will be hosting a REALTOR luncheon at 2405 Tillett Rd, Roanoke, VA 24015 with Robin Agee of Atlantic Bay Mortgage. We will be there from 11:30 to 1:30 to serve wrap sandwiches with sides and beverages. There will also be a prize drawing for agents who leave their card. We welcome prospective buyers to stop by as well, the food will be great and the home is certainly worth seeing! It is eaqsy to get there as well, from Grandin Theater on Grandin Rd, turn left onto Guilford, the home is on … (0 comments)
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