....Our Goal Is To Help You Realize Your Dream of Home Ownership
Need Help Finding Your Dream Home?
Contact our Preferred Realtor: Corine Holland, REALTOR - Proflex Realty - Specializing in First Time Home Buyers. Let me do the work for you. Just enter the features you want in your new home and I'll email you homes that match your criteria as they come on the market. This Service is 100% FREE .....learn more
Making Home Buying AS Easy As 1-2-3
Central Va 2009 1st Quarter Market Report
Average Sale Price
$222,080 Down 16%
Existing Homes Sold 1,855 Down 18%
1st Quarter Pending Sales 2,685 Down 29%
**Compared to 1st quarter 2008. - Our Rating: Buyers Market
Resource Center - Let us make your dream of home ownership a reality.
Should I buy a Home in this Market?Owning a home is the American dream, but the real estate market can be a scary thing especially with all the volatility in housing prices. learn more
Benefits 0f Home Ownership:
There are many benefits to buying a home, especially for first-time home buyers. Home ownership gives you and your family a sense of stability and security. . Learn More
7 Steps To Home Ownership
Step 1: Are You Ready - Education and planning are the keys to making the Homebuying process easier.
Step 2: Get A Realtor - A Realtor will walk you through the rest of the process saving you both time and money.
Step 3: Get Loan Pre-Approval - Getting preapproved lets you know how much house you can afford and can give you a competitive advantage when negotiating.
Step 4: Look For A Home - It's best to work with a professional realtor who can guide you through the home search process
Step 5: Make An Offer - When you have found the home of your dreams, you are ready to make an offer.
Step 6: Secure A Loan - Once your Offer to Purchase has been accepted, it is time to meet with a lender.
Step 7: Closing - Be sure to read everything before you sign.
4 Key Tips For Getting Started:
Find A Good Realtor
Finding the right real estate agent can make all the difference in your home buying process, especially if you're a first time home buyer new to the whole process. A good real estate agent can steer you through the buying process and help you avoid costly mistakes.
Get Pre-Approved
Pre-approval from a mortgage lender will help you in several ways: (1) It will reveal how much you can realistically afford. (2) It will help you identify credit problems early on in the home buying process. (3) It will show sellers you're serious about buying.
Know Your Credit Credit is an important topic for home buyers. When buying a house you can be sure that mortgage lenders will review your credit with a microscope. So it pays to have a look at your own credit first.
Make A Wish List
Create a home "wish list." Write down all the things you want from a home. Include the size, features, location, etc. Categorize each item on the list as a "need" or a "want." This list will save you time, narrow down your search, and help you stay focused.
Advoiding Bad Loans and Scams: Some lenders take advantage of borrowers by making loans that are too expensive, or have abusive terms such as not letting you pay them off without a big penalty.
Take a look at Housing Opportunities Made Equal's brochure on what to look for and what to do if you think you may be a victim of an abusive loan.
Dream Home Finder: Get all of the current listings that match your criteria, as well as updates as matching homes come on the market. This service is free of charge and implies no obligation
Rent to Own Program: Your Credit is approved. Hassle free way to buy a home with little or no downpayment. Presented by The Marc Austin Highfill Team. Exit First Realty .... learn More
A tax credit of up to $8,000 is now available for qualified first-time home buyers purchasing a principal residence on or after January 1, 2009 and before December 1, 2009. Unlike the tax credit enacted in 2008, the new credit does not have to be repaid. .....learn more
It didn’t take long. As soon as the federal government began offering an $8,000 tax credit to first time home buyers, scam artists got to work.
Authentic-looking Web sites have been designed to lure in vulnerable consumers and their money. Web sites often use pictures of President Obama offering assistance about the tax credit. In some cases, programs are set up to mine information off user’s computers when they click for information.
Some sites are asking for bank account numbers. What they’re saying is, if you send us your bank account information we can get you the money faster. Not true. In fact watch out for any site offering to get you the $8,000 faster, or promises to double or triple the credit.
The rebate comes from the government, is handled by the government and it’s rebated through the government, no one else has the ability to access this money.
Becoming pre-approved for the purchase of a home is essential if you want to spend your time wisely. If you are pre-approved for a mortgage loan, then you know exactly what price home you can buy. Pre-approval is different than pre-qualifying and the difference is important. Pre-approval means a buyer has gone through the credit and full verification process of a mortgage lender, and the lender is ready to write the check. A pre-approval is a lender's firm commitment on a loan. This lets you, the buyer, enter into negotiations with the seller with confidence. Pre-qualify simply means that certain financial data has been provided to a lender and based on the information provided, a buyer should be able to afford a home in a determined price range, but nothing has been verified as to the true credit-worthiness of the buyer. A pre-approved buyer is gold to a home seller. It is the best position a buyer can be in when negotiating a home purchase.
Getting pre-approved can also eliminate a lot of stress for both parties. If the buyer is aware of the amount of the home that can be purchased, then looking at and making offers on homes out of their price range is avoided. There is nothing more disappointing than to find the home of your dreams only to be told by a lender that you do not qualify for the loan. It is disappointing for both buyer and seller, and can be easily avoided by becoming pre-approved for the home purchase.
Getting Pre-Approved:
We've removed the guesswork from finding a Lender by hand selecting local area experts that have proven track records.
What we look for in our affiliate Lenders
~ Honesty and Integrity.
~ The Highest Professional Standards.
~ Prompt, Knowledgeable, and Attentive Service.
Complete the form below, and you will be matched with a Lender from our approved list.
If you have questions, or would like more information, please feel free to contact us:
Mortgage Comparison Calculator ~~Compare mortgages with different terms. top of page
Calculate and compare (formatted side by side) the monthly payments for up to 4 mortgage loans. Enter your sale price, any down payment you're making, the interest rate and the term of each loan. This calculator will then show you the monthly principal and interest payment, the total amount of interest you will pay and the total amount of money you will spend over the life of each loan. You can also enter the points and other closing costs and roll those into your loans. You can even enter an additional payment amount you intend to pay each month to work down your principal and the calculator will show you the anticipated payoff time.
This site managed by Charles Holland
Your exclusive local representative for HomesByOwner of Richmond
Call us at 804-928-2531 with any questions you may have about this site.
Email: charles@h1enterprise.com