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Hopewell Real Estate Blogs

Sherrie Hartzell
1. The downpayment assistance program option (aka Nehemiah Program and AmeriDream are two possibilities) is still available right now (requires home seller to participate for a funding fee amount of typically up to $600) for homebuyers of a home that you ...  [Read More]
Posted:bySherrie Hartzell
Sherrie Hartzell
Whether you want breakfast, lunch or dinner, Jimmy the Greek in Stafford, Virginia, delievers a delicious meal. Many of their lunch and dinner specials include side dishes, so you won't ever leave here hungry. Their menu has Greek, American and downhome ...  [Read More]
Posted:bySherrie Hartzell
Rich Juliano
The housing recovery law enacted late last month included good news in the temporary $7,500 tax credit for first-time home buyers, but it also leveled a “double whammy” for some markets, a mortgage consultant said. That’s from the buyer’s ...  [Read More]
Posted:byRich Juliano
Rich Juliano
WASHINGTON (August 7, 2008) – Some improvement is projected for existing-home sales in the months ahead, with broader gains seen by the fourth quarter as buyers take advantage of new provisions provided through the recently passed housing stimulus ...  [Read More]
Posted:byRich Juliano
Rich Juliano
Foreclosures may offer a great deal, but don’t expect the road to be smooth. A recent Kinglinger.com article explains some of the hassles you may encounter. According to RealtyTrac, an online listing service, foreclosures were up 60% in February ...  [Read More]
Posted:byRich Juliano
Rich Juliano
1 Trends in the Virginia Housing Market Second Quarter 2008 Report Virginia Association of REALTORS® By Lisa A. Fowler, PhD Director, Office of Housing Policy Research and John C. McClain, AICP Senior Fellow, Center for Regional Analysis George Mason ...  [Read More]
Posted:byRich Juliano
Ritu Desai
It's staggering when you think about the cost of living, especially if you're a renter and not a home owner. If you are currently paying $1,000 a month for rented housing , then over the next three years, your property management company will effectively ...  [Read More]
Posted:byRitu Desai
Robert Buckman
A key tool for long-term real estate investors is found in Section 1031 of the U.S. Tax Code. It is the tax-deferred exchange, also known called a like-kind or 1031 exchange . What makes a tax-deferred exchange valuable? With a tax-deferred exchange, you ...  [Read More]
Posted:byRobert Buckman
Robert Buckman
C urrently, more than 30% of American households are renters. Due to foreclosures, tougher financing rules and a fear of the market among some who might otherwise own homes, that percentage is growing, reversing a trend toward wider homeownership. Whatever ...  [Read More]
Posted:byRobert Buckman
Robert Buckman
R eal estate investment? Isn’t that an oxymoron, or at least a contradiction in terms? It may seem so in the context of the current housing market’s price and sales weakness, especially in those hard hit areas of the country where this is gallows ...  [Read More]
Posted:byRobert Buckman
Ritu Desai
HOUSING AND ECONOMIC RECOVERY ACT OF 2008 First ‐ time Homebuyer Tax Credit FEATURE H.R. 3221 Housing and Economic Recovery Act of 2008 Amount of Credit Ten percent of cost of home, not to exceed $7500 Eligible Property Any single ‐ family residence (including ...  [Read More]
Posted:byRitu Desai
Johana Story
Brickhouse Landing is a new neighborhood in Prince George County, Virginia. This neighborhood is conveniently located within 5 minutes from the Ft. Lee Army Base and 6 minutes from a major highway. We have recently began building the model home on a corner ...  [Read More]
Posted:byJohana Story
Ritu Desai
Recently ready the blogs about the rate increase and get the news that one of the top 10 lender Indymac will shut off their lending business. Abrupt announcement from the bank that it will no longer accept new mortgage application. If you have submitted ...  [Read More]
Posted:byRitu Desai
Robert Buckman
M any homeowners would benefit from a cash-out refinance in advance of retirement, but they will find guidelines stricter than in the past. Warning: the guidelines keep changing and any loan-to-value (LTV) greater than 80% requires mortgage insurance (and ...  [Read More]
Posted:byRobert Buckman
Robert Buckman
T he slow housing market is affecting a lot of people, including older homeowners who are having no trouble meeting their mortgage payments, don’t plan to sell and may not even have a mortgage payment! Those affected are homeowners who could have ...  [Read More]
Posted:byRobert Buckman
Robert Buckman
H omeowners who sell their residence, as many retirees will, can take advantage of a provision that allows them to exclude some or all of the appreciation from federal (and many states’) income taxation . Following is a brief overview of the homeowners ...  [Read More]
Posted:byRobert Buckman
Robert Buckman
M any baby boomers are nervous. Just as they are getting ready for retirement, they have seen their home values and equity eroded by a weak housing market. The first baby boomers turn 62 this year, but some have already retired, are working just part time ...  [Read More]
Posted:byRobert Buckman
Rich Juliano
Well, it looks like maybe this may be the beginning of the end to the bubble busting party. Mortgage applications rose this week for the first time in three weeks. Along with pending home sales up about 7 percent in April I believe is a sign that buyers ...  [Read More]
Posted:byRich Juliano
Ritu Desai
12 Tips that will save you money and a fun way to clean your items ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Shine Leather Shoes with Vegetable Oil Original Purpose: Frying up a tasty ...  [Read More]
Posted:byRitu Desai
Ritu Desai
I came across this excellent article from one of the blogs I frequent - By Elizabeth Weintraub, on About.com . It spells out how financial organizations see a short sale and gives some really good advice when you end up working with one of these homes. ...  [Read More]
Posted:byRitu Desai
Rich Juliano
I wanted to share this experience that I had two weeks ago. I have the greatest clients and a beautiful listing in Gainesville VA. Two weeks ago my clients were off to St. Martins. No problem, I live close by to their home in the Snow Hill subdivision ...  [Read More]
Posted:byRich Juliano
Robert Buckman
F HA has been the sole holdout among the major mortgage market players in declining to use FICO credit scores in its underwriting process. FHA currently does not require credit scores to guarantee a mortgage, but individual lenders originating FHA loans ...  [Read More]
Posted:byRobert Buckman
Robert Buckman
F oreclosures are way too high, but in at least some cases they should be avoidable. There are options for homeowners in advance of foreclosure and those who are behind on their mortgage payments need to understand them. Working out a loan modification ...  [Read More]
Posted:byRobert Buckman
Robert Buckman
A t a time when lenders have been announcing ever-tighter mortgage requirements, it is nice when we can report a move in the other direction that will benefit homebuyers , especially first-time buyers. Maybe it will even become a trend. Fannie Mae has ...  [Read More]
Posted:byRobert Buckman
Robert Buckman
T he negatives of the current housing market are getting more than their fair share of play in the media: an exceptionally large number of homes available, falling prices, tougher financing rules, reluctant buyers and too many foreclosures. Everyone has ...  [Read More]
Posted:byRobert Buckman