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Never under estimate an older home. You can transform it.

By
Real Estate Agent with SAMSON PROPERTIES 0225018862

Have you been thinking of buying a home.

However all the homes in your price range seem a bit dated. This blog is for you.

Never under estimate a home that has great bones that just needs some updates. You stand to get it for a better price that someone who has paid a contractor to do all the improvements.

While on facebook the other day I saw a "How To Video" come across my news feed that made me stop and pause.

Check this out. Learn how to update those old 1980's  stair spindles with decorative metal spindles and completely transform a homes entrance.

 

 

 

 

   

  "I like this so much it might inspire me to change my 1980's staircase!"

 

Check out other tips and inspirations on our Pinterest Page Work With US

Don't worry about not having the money to do such projects. Did you know there is a loan product out their that allows you to look at homes that need updates.  It's called an FHA 203 (K) loan. The house must be in liveable condition..

Here's how it works:

  1. You get pre-approved for a home loan. Best person for this program around is Markita Aldridge Woods at WestStar Mortgage here in Woodbridge Virginia. 
  2. Hire a local REALTOR/ Buyers Agent to help you. Patty Blackwelder my twin sister is amazing with numbers and negotiating a contract for you. Contact Patty Blackwelder to get on her schedule
  3. The search is on for the best home in your price range.
  4. When you find a home we get a bid for the work that you would like to have done.
  5. Next we submit that offer stating you will be using  FHA 203(K) financing. Then once seller agree's  we then submit the contract to the lender for approval. Once approval is granted you go to closing and the rehab money is held in escrow by the lender. At different milestone the contractor will list the work that has been completed and the lender will order another inspection to the verify the work is completed and the lender will release a payment from the escrow funds.That process continues until work is completed.

If you like the sound of this program let us know. We will walk you through the process help you get started.

Isn't exciting to think you could own a home soon where you want to live? That only happens if you call us. We've been helping home buyers for Woodbridge, Lake Ridge, Lorton Virginia area for decades.

Call us 703-801-9367.

Comments (1)

Gay E. Rosen
Julia B. Fee Sotheby's International Realty - Larchmont, NY
As Real as Real Estate Gets!

transforming an older home can be very rewarding in many ways!

Nov 16, 2014 12:20 AM