Median income earners can only afford 25% of current listings- The housing shortage would not be so bad if there were enough homes for all income levels- New report states that Median income earners only qualify for about 25% of the homes for sale. As of June 2, there were 433,104 single family homes on … Continue reading “Median income earners can only afford 25% of current listings”
Interest rates rising so quickly in such a short time has scared and shocked first-time home buyers. However, the truth is an interest rate of just over 7% is simply nearing the historical average. According to Freddie Mac, the long-term average for mortgage rates is just under 8 percent going back to 1971. Click here … Continue reading “Can You Afford to Buy a Home With The Rising Interest Rates?”
Homes are added to our inventory daily, be sure to check our web site often.
Without the right knowledge, starting the mortgage process can seem intimidating. Here are five things to consider if you are a first-time home buyer taking out a mortgage.1. Know your finances and debts. Consider creating a log or spreadsheet that shows how much money you make every month against how much money you spend each … Continue reading “5 Mortgage Tips for First-Time Home Buyers”
READY TO BUY YOUR NEXT HOME!! Don’t you do all the work and let the Buyer Agent keep the 3% commission. If the home you wish to purchase is listed in the MLS or with a builder:we will give you up to 2% of our 3% commission if you purchase your next home using us … Continue reading “Corona Virus Special – Limited Time Only – Buying a Home? Get up to 2% Cash Back with our Buyer Rebate Program.””
To help you prepare for tax season, be on the lookout for mail containing your “Form 1098: Mortgage Interest Statement” from your mortgage servicing company. This statement will detail the amount of mortgage interest and mortgage insurance you paid for the year.You’ll need to provide this form to your tax preparer to be factored into … Continue reading “Tax season is approaching- Be on the lookout”
At Virginia FSBO Flat Fee Realtor, we don’t just help sellers save money. We help home buyers save money on their new home with our cash back rebate program. Ready to buy a home that is listed in the Realtor MLS or a Builder home? Looking for a Home Buyer Credit? Looking for a Buyer … Continue reading “Is a new home in your plans for 2020 ?”