Open House on April 19, 2008 at 12841 Rannoch Forest Cir.

On April 19, 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.

Prevent Foreclosure….

*A short sale occurs when the net proceeds from the sale of a home are insufficient to pay off the 1st lien.

Short-Sales is a term that is being used more and more in real estate these days.   For the seller it is away to avoid foreclosure, if they qualify.   But, for the buyer these can be risky!   Why?   (This is my biggest question!)   In my opinion these are the three biggest risks the buyer takes when becoming involved in a short sale:

*You have to wait for an answer on your offer for 2 months sometimes.   No short-sale is the same, and while you are waiting other buyers can usually put in other offers, that might be more attractive than yours!  

*In a typical transaction there is the Agents, the Seller, the Buyer and the Buyer’s Lender.   IN A SHORT SALE, THERE ARE 11 DIFFERENT PLAYERS INVOLVED.   All eleven have a say in YOUR offer that you presented to the seller’s agent.

 *The buyer is buying the home AS IS.   That means the buyer could be buying the home’s problems too!

 There are some good short sale homes out there.   Just make sure you know the risks.   Always feel free to call me if you have any questions.  

Meeting with Freddie Mac

Last Thursday evening, I had the opportunity to meet with the Manager of Loss Mitigation for Freddie Mac.   We discussed foreclosures, short sales, and how to help our clients   find REALISTIC options to avoid foreclosure.   Why is this important?   Look at the statistics below provided  by Freddie Mac:

-Nationwide, 300,000 loans are 30 days delinquent or greater.

-75,000 loans are are delinquent 90 days or greater, nationwide.

-Freddie Mac conducts over 2,000 foreclosure sales a month.

TIME IS OF THE ESSENCE….If you  know you will not be able to make your payment on your loan call your bank or give me a call.   We can go over all of your options.   There  ARE options.   I have to tell you, I could not believe all of the options individuals  have access  to, when trying avoid foreclosure.   But the KEY is to act quickly.    

Existing home sales increase unexpectedly

According to a recent article in the Prince William Pulse newspaper, after six months of declining home sales, sales increased in February.   The National Association of Realtors said that sales of existing homes rose by 2.9% in February.   This was the first sales increase since last July.   The median price for single family homes was down 8.7% from a year ago.   The chief economist for the National Association of Realtors, Lawrence Yun, stated that he is not expecting a notable gain in existing-home sales until the second half of this year.

Open House on April 05, 2008 at 14500 Swordale Lane

On April 05, 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.

Open House on March 30, 2008 at 14500 Swordale Lane

On March 30, 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.

Open House on March 29, 2008 at 12841 Rannoch Forest Cir.

On March 29, 2008 at 13:30 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.

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.