Mortgages Drop Below 6%

For the past month, mortgage rates have climbed up above the 6% mark.   But now that the Federal Reserve has taken strong action to help the American economy, thirty year fixed home loans averaged 5.87 according to Freddie Mac. This time last week rates were at 6.13%.  

I was also doing some reading today and found it very interesting that the majority of Americans  feel that 2009 will be a better year for the economy.    

Open House on March 25, 2008 at 12841 Rannoch Forest Cir.

On March 25, 2008 at 11:30 AM, you are invited to an Open House at 12841 Rannoch Forest Cir. in Bristow. If you are looking for a Single-family property in this area, don™t miss this rare opportunity to visit this magnificent property. For a preview of this Single-family property, check out my site at http://www.candiceskoby.com. Please do not hesitate to Contact Me if you have any questions or wish to schedule a private showing.

How You Can Help Your Realtor

Every time we list a home, we are asked, “Should I spend more money to have my home staged?”

We are living in a real estate market in which sellers must take steps to make their home stand out from the competition, including low priced foreclosures and short sales.   There are some ways sellers can make their home stand out and do some “staging” of their own.

*Declutter as much as possible.   (Clear off your kitchen and bathroom sinks.   Get rid of old newspapers. Clean out the garage.)
*Lighten Up.   Try to make your home as light and bright as possible.

*Keep everything clean!

*PUT AWAY THE SWORD COLLECTION.

*Remove all unpleasant smells.

*Use FRESH flowers throughout your home.

*Think Spacious!   Try to have closets only half full.

Tax Time=Deductions!?

Another reason it is a great time to BUY is because of long-term investment opportunities.   Make sure to  ASK your accountant  about the tax advantages below, to see if they apply to your situation.

****Ask About Mortgage Interest Payments: If you own your primary residence your mortgage interest should be a deduction.  

****Ask About Mortgage Insurance Payments: Mortgage insurance deductions can be taken for an additional 3 years, thanks to our Congressional Men and Women.

****Ask About Points: The points that you  pay to your lender when you purchase a home may be deductible.   In addition, points that are paid by the seller for the buyer may be a deduction as well.  Of course, this prepayment of interest must meet certain basic requirements.

****Ask About Property Taxes:   Annual taxes that are based on your homes assessed value may lead to another substantial deduction.  

****Ask About Home Equity:   The amount you pay in interest on your home equity loan,  might  entitle you to other  tax benefits that aren’t available by other credit sources.

Grantor’s Tax!

The Virginia Supreme Court Finds that the Northern Virginia Transportation Authority Cannot Impose Taxes.

Local tax departments are working with the NVTA on a refund plan.  People who have already been charged this tax will be asked to write the NVTA to have their money refunded to them.    You will also be asked to show your recording receipt.   Don’t worry if you cannot produce this receipt.   Your county clerk’s office should be able to  give you a copy.

Open House on March 15, 2008 at 14500 Swordale Lane

On March 15, 2008 at 11:00 AM, you are invited to an Open House at 14500 Swordale Lane in Bristow. If you are looking for a Single-family property in this area, don™t miss this rare opportunity to visit this magnificent property. For a preview of this Single-family property, check out my site at http://www.candiceskoby.com. Please do not hesitate to Contact Me if you have any questions or wish to schedule a private showing.

Open House on March 16, 2008 at 14500 Swordale Lane

On March 16, 2008 at 13:00 PM, you are invited to an Open House at 14500 Swordale Lane in Bristow. If you are looking for a Single-family property in this area, don™t miss this rare opportunity to visit this magnificent property. For a preview of this Single-family property, check out my site at http://www.candiceskoby.com. Please do not hesitate to Contact Me if you have any questions or wish to schedule a private showing.

Property Tax Increasing

According to  a recent article in the Bull Run Observer, the Prince William Board of County Supervisors is considering raising the property tax rate 28.3%.

 Residents can comment about the proposed increase at a public hearing on April 7th.

 The increase is supposedly needed to cover a loss of revenue from declining home valuations, improve the county’s fire and rescue department and carry out the illegal immigration program.

Verizon Added to Weichert Home Connections

(Excerpted from a recent Weichert press release)  

Weichert Financial Services recently announced that Verizon, a national leader in broadband, entertainment and telecommunications technologies, was added to Weichert Home Connections, the company™s one-stop shopping program. The program is part of Weichert Gold Services which offers customers a unique platform of financial and homeowner services that encompasses nearly all facets of the moving process, and at no extra charge beyond the actual cost of the product or service.  

Weichert customers, buyers, sellers and homeowners can use Verizon as their complete hook-up and disconnect service for local and long-distance telephone, television and broadband Internet services, including FiOs fiber-optic service, where available. For a limited time only, customers who order a Verizon bundle with phone, television and Internet are eligible to receive a Visa gift card worth up to $100.  

Bill McMahon, vice president for Weichert Gold Services, said, œThe addition of Verizon to our expanding list of services brings further convenience to homebuyers. We are proud to be the first real estate company to offer this Verizon program and strengthen our commitment to make buying, moving and owning a home as seamless and hassle free as possible.  

Orders for service can be placed online by clicking on the Verizon link at www.weichertgold.com. On the Web site, customers can view all available options and make side-by-side comparisons of packages offered in their area. Those preferring personalized service can call the Weichert Gold Services/Verizon call center at (866) 211-8388, where a dedicated staff is available to provide counsel on the best options to meet their needs.

Open House on March 09, 2008 at 12841 Rannoch Forest Cir.

On March 09, 2008 at 14:00 PM, you are invited to an Open House at 12841 Rannoch Forest Cir. in Bristow. If you are looking for a Single-family property in this area, don™t miss this rare opportunity to visit this magnificent property. For a preview of this Single-family property, check out my site at http://www.candiceskoby.com. Please do not hesitate to Contact Me if you have any questions or wish to schedule a private showing.

Open House on March 01, 2008 at 12841 Rannoch Forest Cir.

On March 01, 2008 at 13:00 PM, you are invited to an Open House at 12841 Rannoch Forest Cir. in Bristow. If you are looking for a Single-family property in this area, don™t miss this rare opportunity to visit this magnificent property. For a preview of this Single-family property, check out my site at http://www.candiceskoby.com. Please do not hesitate to Contact Me if you have any questions or wish to schedule a private showing.

Interest Rate Information

 Interest Rates are on the Rise…

Interest rates on long-term  mortgage rates have increased this past week primarily out of worries of inflation. 30-year fixed loan rates have increased from 5.27% to 6.04%, reported by Freddie Mac.   Interest rates for 15 year loans have pushed up to 5.64%.   This is an increase from 5.25%.   Also, in a week to week survey, 1 year ARMs fell to 4.98% from 5.03%.

One other interesting fact from this past month.   New homes have seen their traffic pick up for the 2nd month now.   They are really bending over backwards to bring in the buyers in today’s market!

 

Here Come the Buyers!

Believe it or not home buyers have begun searching for their dream homes!   We are already seeing multiple offers on properties, not just on our properties in the DC Area, but here in the Bristow area too!

If your home is for sale and you are not getting any traffic, take a step back and make sure your home is priced right for today’s market.   This is definitely a difficult thing to do if you bought in the past couple of years.   In addition, we have the influx of  foreclosures that are adding to the declining prices of homes in our  area!  

Unlike other areas that are also in a declining market, we live in a very transient area of the United States.   There will always be buyers in are area and our homes will always be in demand.    

Are You Living Next To A Foreclosure?

Our country’s foreclosure mess has created an unforeseen crime problem in many of our area neighborhoods.

Please keep a sharp eye out for kids lurking around these vacant homes.   Foreclosures have become a safe haven for drug dealers, gang activity and vandalism.  

Foreclosed homes  also have begun to attract a new type of clientel.     The homeless find these homes very attractive because it provides them shelter.    Just the other day, one of my co-workers shared a story about when  she was showing a vacant foreclosed home.   She opened one of the closet doors and to her surprise, there was a man sleeping on the floor!

If you see anything strange going on in  or around a foreclosed home please call the police or call the number of the REALTOR on the For Sale sign.