March 26th, 2009
Home Inspection Helps Ensure Dream Deals Don’t Turn into Nightmares
ARA- You found your dream deal on a Richmond area home, but will that great price tag come with a different kind of higher cost? Buying a repossessed property, short sale or a home offered at a bargain price — because of its condition — can mean you’re assuming much higher risks.
Repossessed and short sale homes are often abandoned and neglected, leaving them with much more potential for unforeseen structural defects, plumbing, electrical, heating systems, environmental issues and many other problems. Fixing these woes can cost far more than the financial savings from a distressed property purchase. There also may be unknown defects, such as mold or radon, that could affect your family’s health and safety. Read the rest of this entry »
March 25th, 2009
How To Make A Real Estate Offer
You’ve visited Bon Air, Ginter Park, Mechanicsville, Varina, Midlothian, Short Pump, the Fan and scores of other Richmond area neighborhoods looking for the that perfect home. After months of searching you finally found the home of your dreams. Now what? The next step in the process is to write an offer. How? It’s not as easy as it sounds. Your offer is the first step toward negotiating a sales contract with the seller. Since this is just the beginning of negotiations, you should put yourself in the seller’s place and imagine their reaction to everything you include in your offer. Your goal is to get what you want, and imagining the seller’s reactions will help you attain that goal. Read the rest of this entry »
March 23rd, 2009
More Good News for Richmond Homebuyers!
The fed’s made the decision to buy bonds and mortgage backed securities in hopes of bringing down long term interest rates. So far so good! Interest rates have dropped under 5% last week to their lowest levels in more than 30 years. Whether you are a buyer or a seller, this is good news. If you have a higher interest rate and don’t plan on selling, contact your lender about refinancing. If you are a buyer, there is no better time to buy with rates under 5% and with the $8000 tax credit available to many in 2009. What are you waiting for? Search available homes with our 3 great options! OR contact Skye Bruce Properties, the Official REALTORS and Buyer’s Agents of RichmondHomeShopper.com.
March 12th, 2009
Buy Your First Home, NOW!!!
What a great time to buy your first home! Richmond area home prices are low making it a buyer’s market, mortgage interest rates are low and the government is now giving an $8000 tax credit that you do not have to pay back. The new tax credit is a great benefit that should be taken advantage of! It’s free money!
First-time home buyers who purchase a home this year can take advantage of the stimulus bill’s $8,000 tax credit, the U.S. Department of the Treasury said in a news release on Wednesday.
Unlike the previous $7,500 credit available to this group of buyers, the credit outlined in the American Recovery and Reinvestment Act of 2009 does not have to be paid back if the home remains the buyer’s primary home for at least 3 years after the purchase date, according to the Internal Revenue Service’s Web site. First-time buyers, for the purpose of this credit, are those who have not owned a home in three years. So even if you owned a home 3+ years ago you still qualify! Read the rest of this entry »
March 4th, 2009
3 Important Tips For Selling Your Home
No matter how bad the Richmond real estate market seems to be these days, home sales do happen because people will always need a place to live. In fact, more than four million homes were sold in 2008. But with Central Virginia home values falling, today’s sellers are finding out every dollar counts when it comes to keeping as much of their home’s sales price as possible.
Since it is a buyer’s market where there are plenty of homes available in the Richmond area, it’s important to be aggressive and make your home stand out. Read the rest of this entry »
March 2nd, 2009
Taking Advantage of the Housing Crisis: New Construction
The economic downturn has already caused Richmond area home prices to drop. Home builders are feeling the pain as well and in some cases they are desperate to turn their inventory of new homes into cash.
How can potential new home buyers turn this to their advantage? Read the rest of this entry »
February 25th, 2009
Tiger Woods Real Estate
Last June Tiger Woods won the United States Open at Torrey Pines in La Jolla, California basically on one leg. He had both a stress fracture and a torn ACL in his left leg and knee. After 8 months Tiger is back this week at the World Golf Championship Accenture Match Play at Dove Mountain, Arizona. To mark his comeback I though it would be fun to take a look at a couple of Tiger’s homes. Read the rest of this entry »
February 24th, 2009
Hot Property! River Road Corridor!
Executive Home in Riverlake Colony off River Road in Richmond’s West End. Tuckahoe/Maybeury/Freeman school district. Near Collegiate Schools, Country Club of Virginia and fashionable West End shopping areas.
Beautiful 5 bedroom brick front home features 9′ ceilings & hardwood on 1st floor, grand 2 story foyer with curved staircase and balcony overlook!
Master Bedroom with vaulted ceiling & fireplace, unbelievable Master Bath with fireplace! Read the rest of this entry »
February 23rd, 2009
National Real Estate News Update
Fears about the economy led to a stock market decline and pushed mortgage rates a little lower during the week. Even with Tuesday’s passage of the new $787 billion stimulus plan, economic growth forecasts from Wall Street economists and from the Fed were revised lower.
Wednesday, President Obama announced the $275 billion Homeowner Stability Initiative, which contained broad outlines of three major elements intended to help prevent foreclosures and falling home values. Read the rest of this entry »
February 19th, 2009
Henrico School Redistricting Plan
In the fall of of 2010, Henrico County will open a new middle school and a new high school. Elementary, middle and high school bounderies for many of the county’s schools will be changed as a result. This no doubt is something residents are very interesed in and many are concerned. Anytime you change school boundery lines it leads to very passionate opinions and discussions to say the least. Some families don’t want the change and want to keep kids in the same school for a variety of reasons, others want their children to go to the newest and most modern schools in the county and feel slighted if they are left out. This is always a tough issue! Read the rest of this entry »
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