Saturday, March 24, 2012

Chesapeake Home Buyers Free Homebuying class with Lunch in Greenbrier


FREE Home buying Classes for first time home buyers in Hampton Roads, VA!!!!!!!!

Are you dreaming of homeownership?

Sat April 7th, 2012 10:00-3:00pm- LUNCH INCLUDED -
Greenbrier Chesapeake Library Meeting Room
1214 Volvo Parkway, Chesapeake, VA 23320 Come learn about the buying process from beginning to end. There will be a loan officer, a real estate agent, a home inspector, and a title agent, on hand to give you valuable information and answer your questions.
If you are serious about buying a home in 2012 then this class is designed for you. This class will fullfill VHDA, SPARC, and community development education requirement.Find out how to get preapproved to buy, how to make an offer, and what to expect in the closing process.
A pizza lunch is included! Certificate is given at end of class.
Call, text, or email TODAY to RSVP, leave name and phone number.
Must RSVP to Dee Dee Jones Blu Skyy Realty 757-831-8294 call, text, or email djoneshomes@gmail.com

Tuesday, March 20, 2012

Short Sales Foreclosure Resale Homes OH MY what is the difference


Are you wondering what is the difference between Foreclosures, Short Sales & Resale Homes For Sale?

Foreclosures- Take on a variety of types also termed Bank properties or REO real estate owned, this means a borrower has failed to make payments and the mortgage company has taken the property back. In some states a borrower has the right to redeem their property before it is sold to a new buyer (such as in VA) and some states allow a borrower to come back after a foreclosure sale to redeem their property. Depending what state you are in find out the rules............ Bank Properties/Foreclosures can be sold in a variety of ways from on the court house steps, through auctions, through online bidding, or thru brokers in the MLS (multiple listing service). Usually in most cases the property is to be sold as is with no disclosures.

Short Sales- A current owner needs to sale there home but owes more on their current loan balance then the property is worth. They negotiate a deal with bank to sell the home for less than they owe. The difference between the current loan balance and the new excepted price is called a deficient amount. The bank can agree to wave the deficient amount or depending on a owners assets the bank can ask for a deficiency judgment. This is usually a negotiated amount between Owner and Bank for lower than deficient amount. For buyers this can give you a chance to buy a home you normally could not afford. But becareful of teaser sales prices-often agents price short sales low to attract an offer. A Bank usually wants a fair percentage based off current market value. If you need closing cost assistance this may end up being a hurdle because there is NO equity in the home so if the bank says No and seller can't pay it- your deal will be in the toilet............

Resale homes means a current real person seller exist. This seller can occupy the home or not occupy the home. It can be an investor or Flipper or a regular owner.

Be careful of flipped homes - just because it is remodeled does not mean it has been done correctly. Resale homes giv the buyer a chance to negotiate the small stuff, closing cost, repairs, home inspections, closing periods, Home Owners association or condo paperwork, or posession agreements. These little things often call contingencies and are usually not allowed in the negotiations for foreclosures and can be limited in short sale transactions.

Your loan type can dictate which properties you can choose from. Certain loans must meet minimum property standards for the lender to give the money. If you do not know which route you should look at give me a call and I can help guide you thru the process.

THE HAMPTON ROADS REAL ESTATE LADY!

Call me to buy a home in any Hampton Roads area: Norfolk, Virginia Beach, Chesapeake, Portsmouth, Suffolk, Newport News, Hampton, Williamsburg, and now serving York County and the Peninsula.

Visit my website today,

The Hampton Roads Real Estate Lady!

Deandrea "Dee Dee" Jones

Associate Broker / Recruiting Sales Manager Peninsula

Blu Skyy Realty Virginia Beach, VA

http://DJonesRealEstate.com

djoneshomes@gmail.com


I am always looking to recruit fabulous fulltime agents Now recruiting for: Peninsula Hampton to Williamsburg areas, we give you high quality leads!!!! If you are ready to make this your best year ever- Contact me for more info.

Saturday, March 3, 2012

Its Leap Year Leap to Buy a Home


Sitting on the fence wondering if you should buy a home. Take the Leap of faith. With interest rates starting at 3.75% and up and the best inventory in years it would be ashame to let the opportunity slip by you.

First - Leap into getting pre-approved- through a reputable lender that will supply you with a copy of your tri-merge credit report. Be sure to address any errors, problems, or discrepancies up front.

Second - Decide on your needs vs wants and develop your search criteria (bedrooms, baths, amenities, etc...). This may include creating a reasonable well thought out budget for your new home payment (PITI- principal, interest, taxes, and insurance) and try paying yourself that payment for a few months to see if you can handle it. Do not forget to budget for maintenance and unexpected repairs.

Third - CONTACT ME and lets go house shopping!!!!


THE HAMPTON ROADS REAL ESTATE LADY!

Call me to buy a home in any Hampton Roads area: Norfolk, Virginia Beach, Chesapeake, Portsmouth, Suffolk, Newport News, Hampton, Williamsburg, and now serving York County and the Peninsula.

"I can dream alone, build alone and strive alone, but true

success always requires the help and support of others.

Please send me your referrals."



Visit my website today,

The Hampton Roads Real Estate Lady!

Deandrea "Dee Dee" Jones

Associate Broker / Recruiting Sales Manager Peninsula

Blu Skyy Realty Virginia Beach, VA

http://DJonesRealEstate.com

djoneshomes@gmail.com