Tid Bits of Real Estate News

By
Real Estate Sales Representative with Fieldstone Real Estate

In our ever - evolving real estate market, life continues to stay interesting!  Here are a few highlights of things you may not know:

There has been another market shift.  In many sections of the Northern Virginia area, it seems prices have leveled, and buyer activity is up by as much as 80% in some areas over last years numbers! 

The smart investors are back out!  But, financing is tough for investors these days.  However, there are ways to invest in real estate by using a self directed IRA, and your IRA will have an easier time getting a loan than you will in most cases.  These are great programs, and I am considering offering a presentation on this soon.  Would you have any interest?

There are many expected changes to Down Payment Assistance Programs and FHA loans.  If you are thinking of buying your first home, and concerned about coming up with the cash you need for closing and a down payment, you should act NOW.  Fees will be going up October 1st, and many of the no money down programs are expected to disappear. 

There are special loans and grants available for teachers, doctors, and other public servants.  Call me to be referred to excellent resources.

There are ways to avoid foreclosure, and I can help you.  If you or someone you know is in a financial bind, act quickly.  Taking the "Ostrich" approach (sticking your head in the sand and hoping it will go away) is the WORST thing you can do.  I will refer you to resources.  Recent statistics show 91% of people who take action can prevent foreclosure and work out a plan to stay in their homes.

There are positive changes in the rules for Reverse Mortgages.   If you know of someone who is elderly and now needs a new stream of income, but has equity in their home, this can be a wonderful program.  I can refer you to very trustworthy expert on Reverse Mortgages who can share with you everything you ever needed to know about these programs - and they will soon be able to be used for purchases, too!

Visit my blog: http://www.therealestatewhisperer.blogspot.com to learn about current events as they happen, and to see some fun and insightful posts.  About twice a week I make posts to this blog, so sign up to be automatically updated!

Here are some of the more newsworthy topics I've been blogging about recently:

Market Changes (June)

What Sellers should know about short sales vs. foreclosures (June)

Buying an REO (July - a multi-part series)

Saving the Down Payment Assistant Options (July-Call To Action) 

I want you to think of me as your best resource for real estate related information... and I am only a phone call or an email away.  Please call me today, and tell me how I can help you!

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Rainmaker
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Vicky Chrisner

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