It's a giant
achievement to buy your first home. Of
course with the euphoria is also some fear.
It's wise to have a skilled REALTOR®
looking out for your top interests, and
you'll probably need some advice along the
way. I'm absolutely able and ready to
provide assistance with buying your first
house.
Not all REALTORS® are equally equipped to help you find a home. My dedication to you, my client, is what sets me apart. Here's what you can expect when you use Touch of Sold Realty for your first time home purchase. Let Touch of Sold Realty help you with your first home purchase in Northern Virginia.
I'll lead you through every phase while you're buying your home. From finding the ideal home among all the properties available in Northern Virginia, to providing expert guidance on the closing costs involved.
I'll help you characterize your wish list of amenities that you want in your house, your neighborhood, and your school district.
The financial nuts and bolts of purchasing a house can be overwhelming. I'll walk you through the several mortgages and home buying plans at your disposal.
I'll keep a close eye on all the latest listings, and make sure you see all the properties that meet your needs.
Basically, I will do everything in my power to make sure your home buying process is stress-free.
I'm ready to work for you -- finding the
perfect house in the Northern Virginia area
is my business!
For most
families,
selling
their home
is one of
the biggest
financial
decisions
they will
ever make.
The process
can be
daunting,
with many
important
questions
that need
to be
answered.
Choosing
the best
real estate
agent to
market and
sell your
home can
make all
the
difference,
turning an
otherwise
difficult,
stressful
process
into a
comfortable,
informed
experience
that you
are in
control of.
As a top
Northern
Virginia
area real
estate
agent, I
will make
sure that
you get the
best price
for your
home, in
the least
amount of
time.
I analyze and determine home values in the Northern Virginia market every day. As a top real estate expert in this market, I can help you determine exactly what your home is worth in the current market. Then, as an experienced professional, I'll market your home and negotiate on your behalf to sell your home at the best price possible.
I will aggressively market your home not just locally, but on a national basis. Through my professional contacts and affiliations, as well as my advanced technology tools, I can instantly put your home listing in all of the places qualified buyers are looking. Within minutes, I can alert every real estate agent in the Northern Virginia area, as well as national firms that specialize in helping people relocate to new areas.
I will come to your home and personally advise you of how to best prepare your home to get the highest price, in the shortest amount of time.
I will protect your best interests throughout the entire process. You can leverage my years of experience as a top real estate professional to answer all of your questions about every aspect of the selling and closing process. You will be informed and in control, every step of the way. It's my job to make sure your home selling experience is as comfortable and painless as possible!
If you'll fill out this form, so I know a bit about you and your home, I can get back to you right away.
Getting your loan locked down is just one aspect of getting into a new home. Touch of Sold Realty is experienced at aiding new and experienced in all areas of real estate. Contact us if your needs include a real estate pro experienced at the business side of buying and selling. |
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When buying a home, applying for the mortgage loan is troublesome for many people, but it doesn't have to be. I have close relationships with several mortgage lenders in Virginia, and they've helped me learn a few things that will make the process of applying for a loan much easier.
1 – Organize a list of questions about your loan programMake sure you bring a list of questions with you if you don't entirely grasp the advantages and disadvantages of all the various loan programs. Oftentimes, it can be hard to know the distinctions between both fixed and adjustable rate mortgages. I or one of my lender contacts will help you understand the advantages and disadvantages of both. 2 – Decide when to lockLocking in indicates that a mortgage lender keeps to the mortgage interest rates for the loan – ordinarily at the time the loan application is sent in. By floating the rate, you can lock the rate at any time between the day of your loan application and closing. Those who prefer to float conclude the interest rates will decline in the near future. Click here to see the outlook for the next 90 days of interest rates. 3 – Decide if you want to pay additional points to decrease your interest rateIf you opt to pay additional points to lower the rate of your mortgage loan, you will do so by paying for them in cash at the time of closing. Each point is 1 percent of the loan. Click below to use our points calculator. It will assist you with determining if purchasing points is the best option for you. 4 – Bring your paperworkAcquiring a loan requires lots of paperwork, so you should spend some time getting all your documents together. Click here to preview general information that goes on a loan application. |
The "Frequently
Asked Questions" section is
intended to give general
guidance to first-time
buyers and others who may
be interested in purchasing
a HUD-owned home.
Additional detailed
information, instructions,
documents, and forms are
provided in other sections
of this Website. The
primary source of
information is HMBI'
reference manual Guidebook for
Real Estate
Professionals
which is located on the
HBMI website. Potential
buyers should contact and
work through a
HUD-registered broker when
purchasing a HUD-owned
home. General Questions/Buying a HUD Home
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Listing Broker
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Electronic Bidding
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HUD-9548 Sales Contract
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Financing a HUD Home Purchase
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Closing the Transaction
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Direct Sales to Non-Profit Organizations
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Good Neighbor Next Door
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The KitchenMany experts recommend that you focus on the kitchen first when preparing your home for sale. For many potential buyers, the kitchen is the most important room in the house. Since the kitchen has the power to make or break an offer, you should do everything you can to enhance it before showing your home to buyers. And, most experts agree that next to painting, improvements in the kitchen are the most profitable. Remember though, money you spend here is a cost of selling, you don't want to do a full remodel, but rather take some affordable steps to show what you have in the best possible light. Start by creating space. You want the kitchen to look large, light and roomy. Clear the counters of all clutter. Take everything you can out of drawers and shelves and move it to storage. You can almost count on buyers opening your drawers and shelves when they come to see your home. What you want them to see is space, and plenty of it, not your old pots and pans. Consider paint. Paint is always the most profitable improvement. A fresh coat of light, neutral color paint on your kitchen walls will make them look spotless and new. Exactly the look you want. Pay particular attention to the sink. It should be absolutely free of stains and of course there should be no leaks or drips! If your faucet looks old and dated, consider replacing it with a new one, it will go a long way towards improving the look of the whole kitchen, for very little money. Counter tops. If your counter tops are looking old and tired, you should consider new ones. Remember to stick with neutral colors though. Freshen up the cabinets. Replacing the cabinets is expensive and probably doesn't make sense. But you can paint them, or put new, modern looking pulls on them for very little money and give them a fresh look. In short, buyers will be quick to notice any shortcomings in your kitchen. So you want to do everything you reasonably can to freshen up your kitchen and give it a new open large look. |
Just as with any property purchase, your wisest move is to hire a professional real estate agent. For more information, simply contact me through my site or e-mail me. I'm happy to address any questions you have regarding real estate foreclosures. |
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"REO" or Real Estate Owned are properties which have been through foreclosure that the bank or mortgage company now owns. This is not the same as real estate up for foreclosure auction.
If you buy a property during a foreclosure sale, you must pay at least the loan balance plus any interest and other fees accrued during the foreclosure process. The buyer must also be willing to pay with cash in hand. Finally, you'll accept the property completely as is. That possibly could involve prevailing liens and even current tenants that need to be evicted.
A bank-owned property, by contrast, is a more tidy and attractive option. The REO property didn't find a buyer during foreclosure auction. The bank now owns it. The lender will handle the removal of tax liens, evict occupants if needed and generally prepare for the issuance of a title insurance policy to the buyer at closing.
You should be aware that REOs may be exempt from typical disclosure requirements. For example, in North Carolina, it is optional for foreclosures to have a Property Disclosure Statement, a document that ordinarily requires sellers to tell you about any defects of which they are aware. By hiring Touch of Sold Realty, you can rest assured knowing all parties are fulfilling Virginia state disclosure requirements.
It is frequently thought
that any foreclosure must
be a good deal and an
opportunity for easy money.
This frequently isn't true.
You have to be cautious
about buying a repossession
if your intent is make
money. Even though the bank
is typically anxious to
offload it soon, they are
also looking to get as much
as they can for it.
Look closely at the listing
and sales prices of
competing homes in the
neighborhood when making an
offer on an REO. And factor
in any repairs or
remodeling necessary to
prepare the house for
resale or moving in. The
bargains with money making
potential exist, and many
people do very well
flipping foreclosures.
Still there are also many
REOs that are not good buys
and may not be money
makers.
Most mortgage companies
have a department dedicated
to REO that you'll work
with in buying REO property
from them. Typically the
REO department will use a
listing agent to get their
REO properties listed on
the local MLS.
Prior to making your offer,
you'll want to contact
either the listing agent or
REO department at the bank
and find out as much as you
can about what they know
regarding the condition of
the property and what their
process is for getting
offers. Since banks usually
sell REO properties "as
is", you may want to
include an inspection
contingency in your offer
that gives you time to
check for unknown damage
and cancel the offer if you
find it. As with making any
offer on real estate, your
offer may be more
attractive if you can
include documentation of
your ability to pay, such
as a pre-approval letter
from a lender.
After you've submitted your
offer, it's customary for
the bank to counter offer.
Then it will be your choice
whether to accept their
counter, or submit another
counter offer. Realize,
you'll be working with a
process that usually
involves multiple people at
the bank, and they don't
work evenings or weekends.
It's not unusual for the
process of offers and
counter offers to take days
or even weeks. Touch of
Sold Realty is accustomed
to these situations and
will work to ensure there
are no undue delays.