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January 2018

Found 7 blog entries for January 2018.

Yet another fantastic write up from Keeping Current Matters!

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Urban Institute recently released a report entitled, “Barriers to Accessing Homeownership,” which revealed that “eighty percent of consumers either are unaware of how much lenders require for a down payment or believe all lenders require a down payment above 5 percent.”

Myth #1: “I Need a 20% Down Payment”

Buyers often overestimate the down payment funds needed to qualify for a home loan. According to the same report:

“Consumers are often unaware of the option to take out low-down-payment mortgages. Only 19% of consumers believe lenders would make loans with a down payment of 5% or less… While 15% believe lenders require a 20% down payment, and 30% believe lenders

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Agh, did that title pull you in?! Check out this sage advice from our friends at Keeping Current Matters:

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Owning a home has great financial benefits, yet many continue to rent! Today, let’s look at the financial reasons why owning a home of your own has been a part of the American Dream for as long as America has existed.

Zillow recently reported that:

“In reality, buying or renting a home is an intensely personal decision, with emotional and even financial considerations that go beyond whether to invest in this one (admittedly large) asset. Looking strictly at housing market numbers, there is a concrete point at which buying a home makes more financial sense than renting it.”

What proof exists that

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How true that headline will ring for so many people....! But... it's true. There's hope!

Check out this great write up from our friends at KCM, and let us know what you think in the comments!

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Whether you are a renter who is searching for your dream home or a homeowner who feels like your only option is to renovate, you have at least one thing in common: feeling stuck in place.

According to data from the National Association of Realtors’ Profile of Home Buyers & Sellers, the average amount of time that a family stays in their home remained at 10 years in 2017. This mark ties the highest marks set in 2014 and 2016. Back in 1985, when data was first collected on this subject, homeowners stayed in their homes for an average of

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Yes, friends: It's BACK!

For those new to this game, every open house we do comes with a chance to win a $100 Visa gift card!

Sign in at the open house and get your name thrown into a monthly drawing, with no limits on how many times you can enter. 

Open house near your home? Stop by and enter!

Open house near your work? Stop by and enter!

Open house near your family's favorite ice cream place? Stop by and enter!

Visit every single open house we do in a month and really up your chances to WIN.

But you can't win if you don't ENTER.... so be sure to keep an eye out on our social media for our open house posts to see where all you can stop in and get signed up for your chance to win (and of course check out some great homes as well.)

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The honest truth is....  You should know your credit score. But let's be honest, 

Wondering why, or even what to do if it isn't so stellar?

Read this great piece by our friends over at KCM:

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Knowing your credit score or getting a recent copy of your credit report is one of the first steps that you can take toward knowing how ready you are to start the home buying process.

Make sure all the information listed on your report is accurate and work to correct any mistakes. The higher your credit score, the more likely you will be to receive a better interest rate for your mortgage, which will translate into more ‘home for your money.’

Many potential buyers believe that they need a 750 FICO® Score or higher to be able to purchase a

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Hampton Roads’ most powerful home marketing machine has MOVED.

Yes, you read that right: The team that has helped thousands of families move in, out and around the area, has moved, as well.

Yes: Even real estate teams move!

After more than 20 years at Rose & Womble Realty, we've made the move to The Real Estate Group (TREG), bringing with us over 100 years of combined real estate experience and excitement for what this change brings to our personal client experiences.

For years, The Perfect House Team stood as the #1 Sales and Listing Team at Rose & Womble, one of the top firms in the Hampton Roads area. 

But with time comes a need for change, especially with emerging technologies at the forefront of what our clients truly need . In our

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So we know we have to pay taxes, but what all does that mean? And who do you pay them TO? Many of these questions can and should be explained by your mortgage professional before during and after closing, but we'd also like to end you to the source and give you the place to look, otherwise. 

Many of our clients, past/present/future chose to live in Virginia Beach, thus we see it as informative to share the Virgiina Veach website information on taxes:

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The City Treasurer now offers online public access to Real Estate Tax Information.  Search by Primary Owner Name, Parcel Number, or Situs/Property Address.  The following data will be available to view and/or print:

 

  • Parcel
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