Ask Val

January 27, 2011

100% Financing for Home Purchase

Filed under: ASK VAL,Dear Val,Realtor — Valerie Springer @ 8:41 pm
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Individuals seeking to purchase a home in rural areas may do so by obtaining a loan through the Rural Housing Service program.  Under this program, there is no down payment required and the closing costs are less than most traditional loans. 

Borrowers must have a satisfactory credit history to be approved.  This loan is similar to other government programs, the RHS is a loan guarantee program. 

The location of property determines if the home qualifies and there are income restrictions and limitations.

If you are interested in purchasing a home using this program, please Valerie Springer for pre-approval and I will be happy to recommend you to a great realtor once the approval process is complete.

205-995-7283 x 305  valerie.springer@nflp.com

www.vshomeloans.com           www.valeriespringer.wordpress.com

Yours to Count On,

Valerie Springer

January 25, 2011

Choosing A Realtor To Sell Your Home

Filed under: Appraisal,ASK VAL,Realtor — Valerie Springer @ 9:50 pm
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I would like to sale my home, how do I know which realtor to trust with the keys to my house and how do I find him/her?

In today’s market consumers have made it hard for a realtor to do a great job listing homes.  I know, I have listed my house this past year and even though I work in this industry it is hard to hear the equity I once had has been reduced.

Our home is personal and we all like to think we are above the rest in our financial decisions.  Certainly I would not have invested in anything that was going to depreciate???

In 2005, property values were thriving, in 2010 and 2011, not so much.  As a consumer we control who we hire to list our homes and the price we must have to execute a contract.  THEN, the games begin…

My research shows there are some great questions to ask in determining if now is the time to sell.

1.  On average, how many days will it take to sell my home? (Based on local information)

2.  How much are homes in my area, comparable to my house selling for today?

3.  How much would you suggest I list my home for at this time in order to get a contract?

Interview three agents and choose the one who gives you the lowest value, in most cases that is the one who is being honest!

 It is competitive and many agents feel if they don’t cater to the homeowner they will miss out on a paycheck AND if they don’t tell you they can get what you want you will find another who will give you lip service.

Remember, realtors work very hard for every dime they earn.  They spend money up front counting on the commission when the house sells.   Put your trust in your agent and understand they do this everyday, and have all of the data and statistics at their fingertips when you meet.  The information is the same regardless of which agent lists your home and the numbers are not going to change.

If you cannot live with the price the “EXPERT” suggests then you probably need to wait 6 months and try again.  Don’t waste their time or yours and don’t fill the market with overpriced homes.  Even if you were to get a contract, the house would still have to appraise for financing.

If you would like me to refer you to a great realtor please let me know, I work with some of the best in the business.  Good luck and remember to allow me to help you with your financing needs.  Please visit my website at www.vshomeloans.com or call me at 205-995-7283 x 305.

Yours to Count On,

Valerie Springer

 

 

 

January 19, 2011

Is the Debacle Over?

Housing starts for December were below expectations BUT Building Permits which is a great indication of future construction, were well above expectations.

Could this be the beginning of good news for our homebuilders?  Are interest rates really starting to rise?  What is going on in the market today and what am I not being told?  How much of an impact does China really have on the United States?  How does it all work?  What is QE2 and how will that affect me?

If you would like answers to the questions above, your expert is waiting to shed some light and help guide you as a well informed consumer.  You may call me at 205-995-7283 x 305 or send me an email at valerie.springer@nflp.com 

Yours to Count On,

Valerie Springer

 

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