Buying A Home Category
October 25th, 2011
Time To Buy That House!
Great article below from WSJ.com posted in 10/15/11. Now is the time for sure to buy. Prices in the Richmond area are close to bottom and interest rates are below 4 percent. The moment we reach bottom and there is the slightest improvement,interest rates will jump quickly to 5 1/2 – 6 percent. ~~Skye Bruce Properties
U.S. house prices have plunged by nearly a third since 2006, and homeownership rates are falling at the fastest pace since the Great Depression.
The good news? Two key measures now suggest it’s an excellent time to buy a house, either to live in for the long term or for investment income (but not for a quick flip). First, the nation’s ratio of house prices to yearly rents is nearly restored to its prebubble average. Second, when mortgage rates are taken into consideration, houses are the most affordable they have been in decades.
Two of the silliest mantras during the real-estate bubble were that a house is the best investment you will ever make and that a renter “throws money down the drain.” Whether buying is a better deal than renting isn’t a stagnant fact but a changing condition that depends on the relationship between prices and rents, the cost of financing and other factors. Read the rest of this entry »
July 3rd, 2011
Skye Bruce Properties Summer Home Tour continues…
Does warmer weather have you dreaming about a home with a bigger yard, a deck or even a pool? Your dream can become a reality this summer with the help of Skye Bruce Properties!
Summertime is buying time! Whether you’re a first-time home buyer, moving up or even downsizing, summer is a great time to buy. In fact, there are more home sales from April to July than any other time of the year, according to the National Association of Realtors®. Home sellers want to move before the new school year starts, so you’ll find a large inventory of homes on the market. And mortgage rates remain historically low, so you can afford more house for your money. Inventory is fantastic right now so contact the experts at Skye Bruce Properties to get started on your fun, summer home tour!
Check out these FEATURED HOMES on our Skye Bruce Properties Summer Home Tour!
January 23rd, 2011
More Richmond Area House Hunting Advice
Could you see past this wallpaper?
It sounds like a the perfect home when you see the listing online. It’s in your price range, in a great Richmond neighborhood, with all the features you want in a home. You’re excited, but when you visit the home you find the yard a mess, tacky wallpaper inside, the kitchen cabinets are painted bright blue, there is gold carpeting in the family room, etc, etc.
Should you run? Maybe, maybe not. To fully determine whether you should take this house off your list of possibilities you’ll need more information, and possibly look past the blemishes to evaluate the home’s potential. How do you do that? Here are some suggestions from the experts at Skye Bruce Properties…. Read the rest of this entry »
December 13th, 2010
Winter Wonderland Real Estate in Richmond
Well we got our first snow of the year and more is in the forecast for the Richmond area. Christmas is less than 2 weeks away, so why would anyone think about buying a home? The winter can be a great time for home buying. The Richmond area market tends to slow down over the holidays, but that can be all the better for home buyers. Read the rest of this entry »
September 22nd, 2010
10 Reasons To Buy A Home!
Enough with the doom and gloom about home ownership. Brett Arends explains why owning a home is a good thing in this Wall Street Journal online article.
Enough with the doom and gloom about homeownership.
Sure, maybe there’s more pain to come in the housing market. But when Time magazine starts running covers that declare “Owning a home may no longer make economic sense,” it’s time to say: Enough is enough. This is what “capitulation” looks like. Everyone has given up.
After all, at the peak of the bubble five years ago, Time had a different take. “Home Sweet Home,” declared its cover then, as it celebrated the boom and asked: “Will your house make you rich?”
But it’s not enough just to be contrarian. So here are 10 reasons why it’s good to buy a home… Read the rest of this entry »
August 16th, 2010
Get Represented When Buying A New Home From A Builder!
Even in a down real estate market there is no shortage of NEW homes being built and marketed by builders. Many new home developments in the Richmond area have information or sales centers. Be cautious when visiting as the builder’s sales agents are paid to represent the builder, regardless of what they may tell you. Due to the high volume nature of new home sales, usually builder’s agents are paid less than a traditional commission; some earn a salary plus incentives, so closing a high volume of deals is important to their livelihood. They are negotiating for the builder, not you and you could lose out on incentives, discounts and upgrades if you go it alone.
Hire a Buyer’s Agent to represent you before you visit an information/sales center. Sometimes once you visit a development without an agent builders will not let you have representation at a later date. Your Buyer’s Agent will be paid by the builder a set commission so having representation will not cost you more, you will only save through having your interests represented.
Skye Bruce Properties has new construction experts on staff to help you through the new construction process for any home in the Central Virginia area. Your Skye Bruce Properties REALTOR will represent you, be your fiduciary and will highlight the positives as well as the negatives about the transaction. Builder’s agents don’t discuss drawbacks. Thinking of buying a new home from a builder? Contact Skye Bruce Properties first!
July 15th, 2010
Time To Buy A Richmond Area Home?
Is Now the Right Time to Buy a Richmond area home? Given all of the drops in the Richmond area housing market in the last few years, many people are wondering whether now is the right time to buy a new house. Should you snatch up the good deals before prices start to rise or should you wait it out a little bit longer to see if the prices will drop even more? It can be somewhat of a gamble, so it is important to make sure that you know a few facts about the current market so that you can make the best possible decision.
One of the most important facts you should consider when determining whether now is the right time to buy a new house relates not to the market but your own situation. Consider how long you plan to live in the home. While you might not be able to look into a crystal ball and see the future, consider what you know at the moment. If you know for a fact that you plan to upgrade or even move out of the area within the next five years, then now might not be the best time commit to the purchase of a home. On the other hand, if you feel fairly confident with the fact that you will be living in the home for at least five years, then now could be a really good time to purchase a home. Read the rest of this entry »
June 14th, 2010
Homebuyer Tip: Look Past Paint!
When buying a Richmond area home don’t worry about the paint color! It’s an easy fix and change. Most experienced homebuyers realize this, but many new or first time homebuyers sometimes get caught up in wall colors and other aesthetic features which can be easily changed. Check out this clip from HGTV’s Property Virgins. Good advice!
Looking for more great tips when buying a Richmond area home? Our Buyer’s Agents at Skye Bruce Properties are Accredited Buyers Agents and are experts at helping people through the home purchase process. They know Richmond and give critical advice and support to get you in a great home at a great price. Contact Skye Bruce Properties!
June 12th, 2010
SUMMER HOME TOUR!
Each summer Skye Bruce Properties has a special event called the SUMMER HOME TOUR! This week we are kicking off the event featuring 3 great Open Houses on Sunday! Check out our “listings page” for details by clicking HERE! Be on the lookout for more great Open Houses throughout the summer and look for Skye Bruce Properties at summer events and festivals throughout the Richmond area! Thinking of buying or selling Richmond area real estate? Nobody helps people buy and sell homes like Skye Bruce Properties! Contact us today!
May 9th, 2010
When Buying A Richmond Area Home, Think About Selling It!
Follow These 3 Simple Tips!
So you are shopping for a new home around Richmond. Guess what? It likely won’t be the last home you buy. That’s why it pays to go home shopping with the people you will eventually sell the home to in mind. Sound crazy? Maybe, but its smart to shop for a home this way. Make sure you buy a home with these simple but critical features which will make it easier for you to sell in the future! Read the rest of this entry »
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