South Riding Real Estate Listings, Buyers, Mortgage

South Riding Real Estate Listings, Buyers, Mortgage

List Homes for sale, Help Buyers find homes, Help borrowers obtain purchase and refinance mortgage loans. I can list your home for 1%, and represent you with a rebate of commission directly to you at closing.... If you need mortgage guidance or the best rates I can help there too.

Operating as usual

new super low rates and super fast closings.

[04/15/20]   Commentary:

Mortgage apps increased 7.3% last week, with the entire gain coming from refinance applications. Compared to one year ago, refinances are up 192% but purchases are down 35%. Low rates can’t overcome the stay-at-home effects on home sales. The great news is -For buyers looking to buy a home now, they won’t have the bidding issues they’ve faced the past 3 years, and sellers are more willing to negotiate price and/or pay closing costs…

In retail sales, results are mixed. Total sales fell 8.7% in March, primarily due to drops in gasoline and auto sales. Digging deeper, we see that clothing, furniture, and restau­rants had big declines, while food delivery and online shopping had nice gains. No surprises there. The question on everyone’s mind is how fast will the economy recover when restrictions are lifted? Markets are more likely to react to sustained drops in economic activity rather than a “temporary contraction”.

just got a client approved in 1 day, will close in 10 with smokin low rates....

[01/14/20]   if you have not checked mortgage rates lately please let me know, they are super low..i locked a 3.25 yesterday for a client.

[05/03/19]   Sales of newly-built single-family homes continued their upward trajectory in February and March according to figures from the HUD and US Census Bureau. Rates are still low.. time to buy or refi?

[02/28/19]   Who doesn’t love getting a tax refund?

It’s exciting to know that your bank balance will get a boost. But remember, a refund isn’t a bonus -- it’s your hard-earned money, which is why you should make the most of it.

If you’re thinking of buying a new home this year -- whether it's your first home or the one you plan to retire in -- financial planning is critical.

Expecting a refund? Make a bigger impact on your home purchase with these tips:

1. Lower Your Mortgage Rate: Did you know you can pay “points” up front to lower the interest rate of your mortgage? If you plan to stay in your home for a long time, this could result in significant savings over the life of your loan.

2. Pay Closing Costs: Closing costs average about 2 to 5 percent of the purchase price. Many buyers roll it into their mortgage and pay it off over the life of the loan. But you could use your refund to pay it up front and avoid paying interest.

3. Save for a Down Payment: In some cases, your refund could cover your entire down payment. Some loans only require 3 percent down, so this is more realistic than you might think.

4. Boost Your Credit Score: Paying down your debts can have a significant impact on your credit score and the mortgage rate you’ll qualify for.

5. Renovate or Update Appliances: Many buyers are tempted to open a line of credit to pay for these purchases, but that could negatively impact your mortgage loan. Using your refund is the smarter move.

Remember, a tax refund is only one factor to consider in your homebuying budget. Get in touch today for a referral to a financial planner or mortgage lender if you need help preparing your budget. Let’s work together to plan your path to homeownership.

[01/24/19]   Mortgage rates are expected to remain stable with only 1 possible Fed increase in 2019...

[01/17/19]   When you show your home’s best features by staging it effectively, you help increase your final selling price without breaking the bank. In fact, on average, sellers receive $2 in increased sale price for every $1 they put into staging a home.(Moshells.com)

Mortgage rates are LOWER, Payoff your mortgage in half the time 💲💲💲💲, look at a 15 year or 10 year fixed. Need cash out for bills? Time to prequal for a spring purchase? 🏠🏠
PM me for a free no obligation quote...Thanks

[12/20/18]   Per Zillow-Nationwide, the best two-week window for home sellers is the first half of May – U.S. homes listed in the May 1-15 period generally sell almost two weeks faster than the average listing in the year, and command a final price $2,400 more, on average, than listing at other times. The first half of May was the best time to list in 14 of the 24 large markets analyzed by Zillow. Now is a great time to get your mortgage in order and discuss with your Realtor a game plan for the spring... Let me know if you have any questions...

[12/18/18]   Mortgage rates drop to their lowest level in three months, yeah!!

[11/26/18]   I hope everyone had a great Thanksgiving.

[11/16/18]   Entry-level home market may brighten for buyers.
The upper end of the U.S. housing market started turning in favor of buyers months ago. For homebuyers looking for an entry-level house, however, the conditions aren’t so clear-cut. Economists say the typical first-time homebuyer still faces tight and competitive market conditions in numerous cities, but there also are signs that the metrics of the entry-level market may be starting to improve for them as well.
Mortgage rates are up a bit but qualifications and mortgage insurance rates are down substantially to offset that increase in rate..

[10/19/18]   30-year fixed mortgage went above 5 percent this month, faster than analysts expected. Rates haven’t crossed over that line in seven years. BUT WE STILL HAVE RATES UNDER 5% WITH NO POINTS !! pm me for a purchase or refi quote, thanks

[09/28/18]   You can now get a full mortgage loan approval and lock in your rate before you even find your new home...Questions please ask me..

[09/07/18]   Happy Friday, quick test, do you know what LTV means when applying for a mortgage?

[08/24/18]   hi, just got another 14 day mortgage close, rates took a dip and there is some great market activity out there... PM me with any questions... thanks

[06/22/18]   Home prices are going up. Those who sell real estate see an increase in the prices of homes. In most areas, the median price is rising. Rising house prices is an indicator that the economy is on the rise.

[06/22/18]   Mortgage rates remained the same, with the average 30-year, fixed rate at 4.55 percent, according to Freddie Mac's recently released Primary Mortgage Market Survey® (PMMS®). The average 15-year, fixed rate came in at 4.01 percent, down from 4.03 percent, but the average five-year, Treasury-indexed hybrid adjustable rate came in at 3.77 percent, up from 3.69 percent.

[06/11/18]   April home prices rose 1.2 percent month-over-month and 6.7 percent year-over-year, according to the CoreLogic Home Price Index (HPI™) and HPI Forecast™. Home prices are projected to rise 0.2 percent from April to May, and 5.3 percent from April 2018 to April 2019.

[06/02/18]   HOW TO
Prepare for House-Hunting
Know that there’s no “right” time to buy.
If you find the perfect home now, don’t risk losing it because you’re trying to guess where the housing market and interest rates are going. Those factors usually don’t change fast enough to make a difference in an individual home’s price.
Don’t ask for too many opinions.
It’s natural to want reassurance for such a big decision, but too many ideas from too many people will make it much harder to make a decision. Focus on the wants and needs of the people who will actually be living in the home.
Accept that no house is ever perfect.
If it’s in the right location, the yard may be a bit smaller than you had hoped. The kitchen may be perfect, but the roof needs repair. Make a list of your top priorities and focus in on things that are most important to you. Let the minor ones go. Also, accept that a little buyer’s remorse is inevitable and will most likely pass.
Don’t try to be a killer negotiator.
Negotiation is definitely a part of the real estate process, but trying to “win” by getting an extra-low price or refusing to budge may cost you the home you love.
Remember your home doesn’t exist in a vacuum.
Don’t get so caught up in the physical aspects of the house itself that you forget about important issues such as noise level, access to amenities, and other aspects that also have a big impact on your quality of life.
Plan ahead.
Don’t wait until you’ve found a home to get approved for a mortgage, investigate insurance, or consider a moving schedule. Being prepared will make your bid more attractive to sellers.
If you need a mortgage approval PM me...

[05/31/18]   Purchasing a home is one of the largest financial commitments you'll ever make, and it's understandable to want to protect your investment throughout the purchase process. When you're ready to make an offer on a home, adding a contingency to your contract can give you time to assess the property and feel confident that it is a sound investment.

Here are five contingencies that can safeguard your investment:

1. A financing contingency ensures you're not on the hook if something goes awry with your loan. If you're unable to secure a mortgage or the terms and conditions change significantly during the contingency period, you can back out without any penalties.

2. An inspection contingency gives you a set time frame to have a professional home inspection done on the property. Should issues be found, you can negotiate with the seller to make repairs or adjust the sales price to account for the home's condition.

3. An appraisal contingency protects you if an appraisal comes in below the sales price. When this happens, it's up to you to make up the difference, either by securing additional financing, paying it out of pocket or renegotiating the deal. If none of these methods work, the contingency allows you to back out without losing your earnest money.

4. A home sale contingency is crucial if you're selling an existing home while buying a new one. Essentially, it says your purchase relies on your ability to sell your current home by a specific date. If you haven't accepted an offer in that period, you can withdraw and get your earnest money back.

5. An occupancy contingency protects you should you need to move into your new home by a specific time. It gives you possession of the home on the date you specify.

[05/18/18]   HOT tip in homebuying.
Accept that no house is ever perfect.
If it’s in the right location, the yard may be a bit smaller than you had hoped. The kitchen may be perfect, but the roof needs repair. Make a list of your top priorities and focus in on things that are most important to you. Let the minor ones go. Also, accept that a little buyer’s remorse is inevitable and will most likely pass.

[05/04/18]   Mortgage rates ticked up today due to market.

[05/04/18]   Mortgage rates are holding steady, the rates have trended up over the last few weeks. As rates climb the ability to purchase goes down due to higher payments for the same loan amount...if you have any questions or want to compare let me know..thanks

[04/27/18]   If you are considering listing this spring, now is the time.

May is the best bet for home sellers, according to an analysis by ATTOM Data Solutions, which found that the average seller gains 5.9 percent more than market value—the highest of all months—in the fifth month of the year.

June is profitable for sellers, as well, with an average 5.8 percent premium, with June 28, pointedly, reeling in 9.1 percent—the best day of the year. May 29 and May 31 are also high-returning, with an 8.2 percent premium and an 8.3 percent premium, respectively.

For homeowners, the key is timeliness. According to the analysis, the advantage drops off sharply after June, with a 3.8 percent premium in July, a 4.2 percent premium in August, and back down to a 3.2 percent premium in September. Through the remainder of the year, the average seller earns between 1.6 percent and 2.6 percent over market value—considerably less than had they acted during the May peak.

The analysis findings’ are reminiscent of spring 2017, when May 1 through May 15 was found to be the ideal listing window. The difference now is that inventory is tighter—down 7.2 percent year-over-year—and, although homeowners are getting multiple offers, there is the burden of buying another home at the record prices they are today.

[04/24/18]   Rates are heading up

[04/24/18]   The yield on the 10-Year U.S. Treasury note rose above 3% for the first time since 2014 at the opening of trading this morning. The breach on this psychological threshold for traders comes amid market concerns that the U.S. budget deficit will exceed $1 Trillion by 2020 according to the Congressional Budget Office. Further, with the Federal Reserve both signaling to rate increases and balance sheet downsizing, expectations are growing for increased debt. The Fed currently forecasts two additional rate increases in 2018.

[04/21/18]   HOW TO
Buy in a Tight Market
Increase your chances of getting your dream house in a competitive housing market.
--Get prequalified for a mortgage.
You’ll be able to make a firm commitment to buy and your offer will be more desirable to the seller.
--Stay in close contact with your real estate agent.
Your agent will be on the lookout for the newest listings that meet your criteria. Be ready to see a house as soon as it goes on the market — if it’s a great home, it will go fast.
--Scout out new listings yourself.
Browse sources such as realtor.com and local real estate listing sites. Set up alerts for the neighborhoods and characteristics you’re looking for. Drive through your target neighborhoods, and if you see a home you like for-sale, send the address and listing agent’s name to your agent, who can schedule a showing for you.
--Be ready to make a decision.
Spend plenty of time in advance deciding what you can afford and must have in a home so you won’t hesitate when you have the chance to make an offer.
--Bid competitively.
Your first inclination may be to start out offering something less than the absolute highest price you can afford, but if you go too low in a tight market, you will likely lose out.
--Keep contingencies to a minimum.
Restrictions such as needing to sell your home before you move can make your offer unappealing. Remember that, if the market is tight, you’ll probably be able to sell your house rapidly. You can also talk to your lender about getting a bridge loan to cover both mortgages for a short period.

Happy House hunting

[04/16/18]   Its been a busy spring, rates are still good and there are more homes popping up for sale, but they go fast...its going to be a great 2018

[04/16/18]   sales of existing homes rebounded in February, according to a recent report.

After a dip in the number of closings in December and January, about 5.54 million existing homes (which have previously been lived in) were sold in February, according to the most recent National Association of Realtors® report. That represents a 3% rise from January and a 1.1% increase from the same month a year earlier.

[04/09/18]   Mortgage rates are up then down, what next? Given all the cross currents going on, and the amount of volatility that remains in these markets, we continue to take this one day at a time. We’ve played the broken record again and again and we aren’t ready to take the needle off just yet. While it's believed that rates will remain in a neutral to bullish state, we can’t advise enough to take advantage of your better pricing opportunities when they arise because you never know what the next day might bring. Please sign up for my free rate watch to see if the rate you want pops up...PM me

[04/07/18]   Virginia Statewide median sales price for February 2018 was $265,000, an increase of 1.5
percent relative to last February ($261,000). Illustrating the continued trend of high
demand, median price increased $2,000 from January to February (from $263,000). In
addition to elevated median price, a year-over-year decline in median days on the
illustrates continued buyer motivation. The median number of days on the market
declined 14.5 percent year-over year, from 55 to 47 days.

[04/02/18]   Do you have a mortgage with PMI or a rate you think is too high? There are options that might help. PM me. Thanks

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43055 Center St
South Riding, VA
20152
Other South Riding realtors & realty services (show all)
Mike Dotterweich Group Re/Max Mike Dotterweich Group Re/Max
4090 Lafayette Center Dr
South Riding, 20151

I will prepare you every step of the way throughout the home buying or home selling process with 100% satisfaction GUARANTEED !

Alagar Pitchai Realtor Alagar Pitchai Realtor
Elk Place
South Riding, 20152

What do you have in your mind? Let’s have a chat

Heather Ward Realty Heather Ward Realty
13135 Lee Jackson Memorial Hwy, Fairfax, VA
South Riding, 22033

Welcome to my space! This page is a blog for Heather Ward to share information with her connections on matters related to Real Estate in Virginia.

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