I am very familiar with the Real Estate market here in Gainesville. Please give me a call at your earliest convenience to discuss further. 703-328-5956
Associate Broker, Realtor
Network Realty Group
Tel: (703) 328-5956
Fax: (571) 482-6061
If you know of anyone interested in buying
or selling Real Estate, please pass along my
info and I'll take great care of them.... more
I understand that there are good realtors and bad realtors. This is an industry where it is essential that you work full time if you truly want to exceed your clients expectations. I specialize in new home sales and would be more than happy to assist you. This would be obviously at no charge, only to see if we can find a satisfactory solution for your concerns.... more
I hate to say this but it depends. Their are strengths for both. I have had customers that are very happy with thier toll brother homes. I would love to assist you further. Are you working with a realtor? If not I would love the opportunity to assit. My website is www.thehannaadvantage.com. Lets chat!... more
That really depends on the buyer. Most buyers consider things like commute to work, schools for kids. I can tell you, in favor of Gainesville, VA is that the Prince William Property tax is lower. I also believe that properties are less expensive overall in Prince William County.
If you are legitimately interested in both areas, you should hire an agent that works both areas to show you homes in each city. Actually seeing what you would get for the money would help you make your decision.... more
You might want to speak with a real estate agent who could tell you about possible first time home buyer's programs. The agent would also give you the name of several mortgage professionals so it could be determined how much of a mortgage you could qualify for.... more
Are you working with a real estate agent? If not feel free to contact me and I'd be happy to see if I can help you out.
Jeff Herge - Realtor
Keller Williams Capital Properties
10300 Eaton Place, Suite 120
Fairfax, VA 22030
I would be more than happy to talk with you about your situation. My name is Tony Brula and I work for Access National Mortgage, a Direct Lender and Division of Access National Bank. I've been in with them since 2000. My cell number is 571-331-3219... more
Unfortunately you are upside down on your home and unless you are in financial distress due to job loss, illness or a escalating adjustable rate mortgage then the best thing to do is to stay put. The second thing you can do is rent your current home out and if you have enough additional money buy the home you want on a bigger lot.
If you have a mortgage rate that is adjusting causing your payments to rise which makes it difficult for you to make your payments you need to get on the phone and talk to your lender immediately. Depending on your lender they may work with you to freeze your interest rate. If you fall behind in your payments then your chances of qualifiying for a loan under today's tougher guidelines will be difficult. You can sell your home at a loss but you haven't described anything that would make me thing that you would qualify for a "short sale" and possible debt foregiveness.
There are thousands of homeowners in your same situation throughout the area. Our market does have cycles and this one may take longer for prices to recover but they will.
Lowering the price is one option and if they are unwilling to lower the price you could void the contract. The other option is for you to pay the difference out of pocket if you really want the house and they are unwilling to lower price. I would suggest for to get your agent to renegotiate the contract.... more
Interesting. Your question made me go back to 60 days to see what has sold in that time. Of 19 sales in Heritage Hunt, only one was bought, then resold in a matter of three months. There were others that showed title transfers within 2012 from the same owner to themselves, which would indicate a refinance, or change to title...like the death of a spouse, divorce or putting the property into a trust.
And of the 11 homes that are currently active and available for sale in Heritage Hunt, none are flips. Again, there a couple that have been titled to the same owners, or one of the same owners, but that would again indicate divorce, death, family trust or refinance.
There are no flips for sale currently in Heritage Hunt and in the past 60 days, only one flip has been sold.... more
You need a good local Realtor® and a good local lender to work the area programs. At that point a property in the 170k range may be a problem due to your income. Check with a local lender to give you a hand I am sure that a local Realtor® will post on here soon.... more
This question is best directed to your attorney. Since it is a contract question, and most of us on here are not attorney's, we are not allowed to give legal advice.
Best wishes for a smooth closing...Jim... more
Sadly, it sounds like you are about to default on the Fannie contract unless there is some other contingency that will get you out of the deal. You will lose your $5,000 earnest money deposit, but that will be your only concern. I'm sorry you're in that situation, but if it's any comfort, your offer would probably not have been accepted with a home sale contingency if there were any other viable offers.... more
Hopefully your contract to buy was made contingent on your home closing. If not, you're unfortunately in a jam. Assuming your purchase is contingent, I can tell you that lending is so tight right now, primarily driven by the government witch hunt going on against lenders - that many, many closings are getting delayed. Last month 30% of mortgages across the country were denied. So, the key to being successful and keeping deals together is to keep a cool head, don't let emotions run wild, don't assume anything - ask questions and make sure all parties involved are informed as to exactly what is going on. As long as everyone understands the dynamic and is committed to working through the issues, you can make the process much less stressful or painful. If you get one party that acts irrationally or starts demanding things, deals tend to fall apart very quickly. I know its a general answer but without knowing the specifics or details, its the best "big picture" advice I can give.... more