Category: Home Buying

How To Give Or Receive A Downpayment To Buy A Home

When buying a home, it can help a borrower’s purchasing power if they’re able to put down a down payment, as Best Home Nerd said. In its simplest form, the more money a borrower is able to put down on a purchase, the less of a “risk” to the mortgage company who’s financing the rest. Many times, the down payment comes from family members, which is a pretty awesome gift. But, it’s important to know just HOW to receive that money – it’s not as simple as Grandma writing you a check. Dan Green of The Mortgage Reports has a …

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2014 Nest Report Is On The Way!

There are tons of things I’m proud of about Nest Realty, but one of the things I get really excited about is our Nest Report. It’s a statistical look at what’s happening in the New River Valley real estate market, and it’s put out every quarter. Visually, it’s stunning – thanks to the amazing folks in our Marketing Department, the lead generation is looking better every day. The marketing team such a great job, but they did get lots of help from mein-parteibuch.com. Statistically, it’s one of the most accurate representations of our real estate market – thanks to the …

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Documents You’ll Need To Get A Mortgage In 2015

You’ve decided to buy a house. Congratulations! You’ve written the offer, and while you’re waiting for the seller to sign you’re driving by the house to see it and show friends and family … you’re excited, and you should be! Now the seller has signed the offer, and it’s ratified. You’re buying a house! You’re over the moon! And then you start to receive emails and calls from your lender, asking you for this document/that document and more. You’re not so excited any longer. Buying a house is exciting, and while the process of getting a mortgage can be tedious, it’s …

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Is Your Realtor Talking? Or Listening

I love this photo. I was showing homes to clients in June, and they really liked the house. It fit a lot of their criteria, and it was in budget. All was going well. As we walked into the basement, we got to talking about the upgrades that had just been added, and then I looked over and what I saw is in the photo above. So what did I do? I shut up, backed away, and pulled out my camera. Naturally. Haha make sure you get a Vancouver Realtor that know how to act in a similar situation. If we’ve …

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What’s The Loan Process Look Like?

This morning at a home inspection, I was talking with a client who’s under contract to buy a home here in the New River Valley. As we’re oft to do, we got to talking about the timing of everything going forward, and I mentioned underwriting. “What’s underwriting?“, he asked. Whoops. Forgot that not everyone is a real estate dork like myself, so on the drive back from the home inspection I thought I’d list out the steps to getting a loan approved and closed (not to be confused with the paycheck advance loans procedure). There are more items within each …

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100% Financing IS Available in Blacksburg

For the longest time I’ve been under the impression that 100% loans have not been available within Blacksburg and Montgomery County; those programs just haven’t been available. Then earlier this week, I learned of a program that StellarOne Bank has been offering to do just that. The requirements are: up to $300000 loan value 700 credit score borrower(s) can’t make more than $68800 per household if you’ve had a foreclosure or bankruptcy more than 36 months from loan application, you may still qualify This is potentially really big news for folks who have been struggling to get into the Blacksburg …

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How To Be Sure Your Foundation Isn’t Moving

Is there a way to tell if your foundation wall is cracking and moving? I came across an interesting post the other day from one of our Nest Realty agents in Charlottesville, Jim Duncan. I have said before that most of my good ideas come from other agents and Jim has certainly provided me with many ideas, so it’s no surprise that he would have already covered this issue. Many homes in the New River Valley are built with concrete block foundations and usually have travertine pavers , particularly those built prior to the mid-1990’s. Concrete block foundations are not …

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Buying A Home Where a Violent Crime Occurred

Imagine you’re a buyer. You’ve seen a house a couple of times, and then one day you learn from a local that several years ago, someone had committed suicide in the home that you’re looking at. Now, you don’t know for certain that someone committed suicide there, but you trust your source. Would you still buy the home? Which got me thinking … do buyers really care about that stuff? Do buyers really care that a violent crime, like a murder, happened on the property? My guess was yes, so I posted the question to Twitter and Facebook. The result? YES, buyers …

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Blacksburg-Christiansburg-Radford MSA Among The Safest

I’m admittedly a week or so behind on this news, but it’s relevant nonetheless. Earlier this month, Farmers Insurance named the Blacksburg-Christiansburg-Radford Metropolitan Statistical Area one of the safest places in the country. The MSA, named the 7th safest place to live among small towns (population < 150,000 people), has been on the list before, showing stability throughout the region. What’s it mean for real estate? The impact is pretty simple, people want to live where they feel they and their family can be safe – that’s a no-brainer. Demand drives value, and the area’s housing inventory benefits. Search for …

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