Saturday, June 30, 2007

Capital One Cutting 2,000 Jobs Amid Loan Losses!

Capital One Financial Corp., the largest independent U.S. credit card issuer, and the second-largest nongovernment employer in the Richmond area is cutting 2,000 jobs, or about 6 percent of its workforce, amid mounting loan losses and a slowdown in the mortgage industry.

(Source: inRich.com) Full Story!

Thursday, June 28, 2007

Buyer Market and Determining "Fair Market Value"

Buyers will see several properties before buying, and will have a good idea of current Pricing conditiond, They did read about the buyer market, and what's mean to them and to the sellers as a soaring supply of homes for sale means nearly flat prices, drop in pricing too, and longer waits for sellers. Less negotiating leverage in terms of selling price.
The point is Pricing your home right, you will sell fast, if your price is too high, your home will be in themarket forever!
Let your real estate professional do a competitive market analysis(CMA)

Thursday, June 21, 2007

Getting the price right on home value sites!

Anyone can research the potential resale value or sales history of their home -- or their neighbor's -- by plugging in the address on Internet sites like Cyberhomes.com, RealEstateABC.com and Zillow.com.

However, while all three allow house hunters to price or compare properties they may be interested in, and potential sellers to get guidance in setting an asking price, the sites aren't always 100% accurate.

(Source: RealEstateJournal.com) Full Story!

Monday, June 4, 2007

Home Buying!

Buying a home can be stressful, but it doesn't have to be! I’ll work hard to make your experience exciting and fun. While we are working together I’ll be like your new best friend! I promise to help you: Save time, Money, and Stay Informed.

Here is the step by step guide. But please don't feel like you need to understand everything right away. And I will be there for you every step of the way.

  1. Decide that buying vs. renting is best for you.
  2. Determine how much you can afford.
  3. Get Pre-Approved, Shop for a loan
  4. Review a preliminary MLS list.
  5. Find your dream home.
  6. Making the offer.
  7. Negotiate the contract.
  8. Changes to the contract.
  9. Formally apply for a mortage loan.
  10. Inspection phase.
  11. Inspection issues and resolution.
  12. Appraisal & Insurance.
  13. Loan commitment.
  14. Preparing for the move.
  15. The closing.
  16. Possession.
  17. Post closing.

Remember, I will be there to support you during these very important steps! If you have a comment or question regarding these buying steps, please feel free to call or e-mail me.