It is very important that home buyers choose the right real estate agent. I can not stress this enough. A real estate agent is more than someone to show you homes for sale. The majority of the real estate markets in Virginia such as, Northern Virginia real estate market, Fredericksburg Real Estate, Tidewater real estate and Richmond real estate markets are hot. More often then not, when you submit a contract there is already a contract on that home. When it comes to having someone represent you as a buyer, it is incredibly important that you have a strong negotiator. [Read more →]

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There is a little known way that you can own a home with no money. No down payment and no “out of pocket” closing costs. The idea is called a “seller concession”. Seller concessions are when the home seller agrees to offer a percentage of the sales price, anywhere from 1% to 6%, as a credit for your down payment or closing costs.Very simply, Lets say you were buying a home for $150,000. In the contract to buy the home its written that the seller agrees to pay 3% or $4,500 towards all closing costs, pre-paids or points. [Read more →]

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I thought this was a pretty interesting article. Speaking with many of my customers they informed me that they had previously believed using mortgage brokers in Virginia was somehow more expensive.J.D. Power and Associates Reports: Mortgage Brokers Provide Valuable Service for Home Loan Customers. Although slightly fewer than one-third of mortgage shoppers use a broker to help them find their current mortgage, those customers who do tend to be very satisfied with the lending experience, according to the J.D. Power and Associates 2005 Home Mortgage StudySM released today.Among consumers who responded to the survey, 29 percent indicate that they contacted a broker to help them find their current mortgage. Those customers who used mortgage brokers tend to be substantially more satisfied with the broker personnel compared with those who interfaced directly with the lender’s personnel.

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