gainesvilleva: Generational Impact of COVID-19 on Divorce - 06/14/21 01:41 PM
Generational Impact of Covid-19 on Divorce 
By Laurel Stark, CEO & Founder, The Ilumni Institute
In a recent consumer report, WGSN shared insights in to how different generations respond to stress such as COVID-19. Gen Zers are leading the way in divorce filings, according to Pew Research Center. Baby Boomers are increasing their divorce rate by 109%. The culture of these generations vary greatly. As a professional at the helm of the most stressful crisis of their lives, CDRE's - Certified Divorce Real Estate Expert, can offer customized solutions for each generation. 
Baby Boomers (born between 1946-1964) are increasingly afraid of going out. As … (0 comments)

gainesvilleva: Who Is On Title and Why It Matters - 06/07/21 08:22 AM
Who is on title and why it matters is sometimes over looked. 
Husband and wife married 16 years ago. About five years in the marriage they bought a house. In March of 2017, they divorce. Husband remained living in the house, they both are on title to the house, and both remained on the mortgage. The property deed states that  the property is owned by "right of survivorship", and the the divorce decree did not address any specific terms regarding the house other than title vesting remains in place until further agreement. 
In 2018 the husband remarried. His new wife moved into the … (3 comments)

gainesvilleva: Divorce & Capital Gains on Real Property - 06/02/21 06:52 AM
Divorce & Capital Gains on Real Property
Property values have skyrocketed over the last couple of years in the Gainesville, VA housing market - leaving Uncle Sam to be the fly in the ointment!
First and foremost, disclaimer: I am not an accountant and this shall not be construed as tax advice.
I had a recent divorce case where the wife was blind sited by the capital gains hit. She faced a $62,000 hit when she agreed to take the couples rental property in the divorce - a condo they bought when they first married.
In the divorce the husband keep the … (1 comments)

gainesvilleva: Wednesday Real Estate Words - 04/14/21 12:27 PM

Here are 5 real estate words to increase your vocabulary. 
1- C.L.U.E.
A C.L.U.E report is a comprehensive Loss Underwriting Exchange. It is a file that is compiled on you by the insurance industry. 
2- Commingling
Commingling is to mix funds held in trust with other funds. Example a builder or broker hold funds in trust ( should be deposited into trust account) instead the money is deposited in to a general account. 
3- Slant Drilling
Slant drilling is a method of drilling fo oil or gas in an ajoining property when property rights have not been granted.
GNMA (Ginnie Mae) Goverment National Mortgage Assoication. A federal … (0 comments)

gainesvilleva: How To Prepare Your Home for Home Inspection - 04/09/21 07:43 AM

When selling your home you should prepare your home for the home inspection. Being prepared will make the home inspection less stressful and less likely that the inspector will need to make a follow up trip.  The inspector will need to have access to a lot of things you may not be thinking about.
1- Attic- besure it's unlocked and clear away items from the attic access. If the attic access is in the garage remove vehicles and any boxes that might be in the way.
2- Gas Appliances -Confirm all appliances and gas fireplaces have lit pilot lights. Confirm all untilites are … (0 comments)

gainesvilleva: 5 Real Estate Word to Increase Your Vocabulary - 05/20/20 12:59 PM
Today is May 20, 2020 and here are “5 Real Estate Word to Increase Your Vocabulary”.
My name is Susan Jacobs and I am a realtor at Samson Properties in Gainesville VA. Today I would like to talk about 5 Real Estate Word to Increase Your Vocabulary
1-Abstract of Title: Condensed history or summary of all transactions affecting a particular tract of land.
2-Adverse Possession: A claim against the land of another by virtue of open and know possession of the land by the claimant.
3-APR (Annual Percentage Rate): A percentage of the total finance charges to the total amount to be financed as required … (1 comments)

gainesvilleva: Covid-19 Addendum - 05/15/20 11:58 AM
Covid-19 Addendum
Hi there, today is May 15, 2020 My name is Susan Jacobs and I am a Realtor with Samson Properties in Gainesville, VA    Lets talk about, “ the Covid 19 addendum”. Have you seen or heard about the Covid-19 addendum? This addendum can be used when you write an offer or at any time during the process.
If you have ever been involved in a real estate transaction you know there are all sorts of deadlines. Deadline for when the home inspection needs to be completed. Dead line for loan approval. Deadline for when the appraisal is to be completed and … (0 comments)