Virginia Homes, Farms, and Land


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Great home purchased using 100% financing USDA guaranteed RD loan!

Great home purchased using 100% financing USDA guaranteed RD loan!

Nationally and in Central Virginia 1st Time Home-buyers and Investors are competing for the same homes (medium priced & fixer upper homes).  Check out the HOUSINGWIRE article on the national trend.  Mortgages like FHA, USDA-RD, and VA require low to no down payment while  providing 30 year fixed historically low interest rates with low purchaser closing costs (with some closing costs possibly paid by the seller) making for a great tools for 1st Time Homes-buyers.  When you couple the low interest rate with home prices adjusting down during our real estate market correction, many 1st Time Home-buyers purchase with little cash out of their pocket and a fixed rate 30 year mortgage with monthly payments less than current rent (their housing cost goes down).  As always, the borrower needs to be financially able to make the loan payments.

With the number of renters increasing (1st Time Home-buyers delaying buying plus Foreclosures and Shorts Sales adding to those seeking rental housing), I’m seeing more investors looking move in to the residential rental market or increase their number of rentals.  Many my clients have purchased with cash this  year (moving the cash from an area with low or no interest to residential rental housing).

With both 1st Time Home-buyers and investors remaining active in the market, now may be a good time to put your Central Virginia home on the market instead of waiting for spring.  As always, the decision to buy or sell remains an individual one, so let’s talk discussing your needs, desires and options.  I am here to help!