We all like to go on line to get information. When we go to different on-line financial calculators for rates or quotes we realize they are only guestimates and only as accurate as the parameters that define the calculations. They simply analyze the data that they have been programmed to include and crank out a number from the […]
Posted on April 26th, 2007 by Brent DeRobertis
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More Homebuyers Turn to Parents for Help
With many first-time and even move-up buyers strapped for down-payment cash, an increasing number of parents are helping their grown children buy a home — and taking an equity share in return.
Typically, parents put in cash to help the buyers amass a down payment of at least 20 percent. […]
Posted on April 20th, 2007 by Brent DeRobertis
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No matter which side of the transaction you are on, seller or buyer, here are some charts tracking Northern Virginia trends in seller subsidies. Subsidies are amounts that a seller credits to the buyer for such items as closing cost help, lease buyout help, or funds to cover repairs. This has been compiled at George Mason […]
Posted on April 20th, 2007 by Brent DeRobertis
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The following article has just a few tips on working with builders. There are many more. See your Realtor for a consultation.
New Rules for Buying a Home Before It’s Built
As the housing market has cooled, the developer’s mindset has changed. Rather than construct new developments quickly and wait for the buyers to flood in, more […]
Posted on April 10th, 2007 by Brent DeRobertis
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Are you saving 10% of your gross income? That is a good figure to shoot for. How much you invest or keep it liquid is between you and your financial advisor. The following article about second mortgage default is related to buyers’ increasingly using 100% financing needing the second mortgage to secure their down payment, many times with a […]
Posted on April 9th, 2007 by Brent DeRobertis
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