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.
This article is cut and pasted from Inman.com, with a link to the full article here. I didn’t want it disappearing behind their pay wall. Every area is a little bit different, but this is a good, comprehensive look at the mechanics of a home appraisal. You can find New River Valley real estate tax rates here.
Recently, I was talking with someone regarding the oversupply of condominiums in the Blacksburg market, and I was asked what I thought it’d take for condos to begin selling again. I tried to be as honest as possible in my answer, saying that two things needed to happen in order for the condo market in Blacksburg to begin picking up again:
It depends, really, but Bigger Pockets has a good breakdown of the costs – realized and otherwise – of the considerations.