What If You Put An Offer On A New Home Before Selling Your Current Home?

Putting an offer on a new home before selling the current home may take the pressure off picking any home.  Your choice may not exactly meet your needs but meet the time frame if you’re in a rush.

Unless the seller is very motivated they will not be too eager to accept your offer with a contingency to sell your home before buying their home.

Also, this leaves little options when it comes to negotiating other aspects as the time frame will be the most important factor in the deal.

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About Pools

You may have wondered whether having or adding a pool increases a home’s market value.  Since summer is here, I thought I’d share with you some information on this topic.

Many have believed for a long time that pools don’t add property value. However, according to National Association of Realtors statistics, in-ground swimming pools can add about 7.7% to the average property value.

Check Out Homes For Sale with a Pool

The biggest market for homes with pools are families with teenage children.  While some homeowners (particularly those with babies and young children) view a home with a pool as a possible safety concern, an in-ground swimming pool can increase a desire for properties in an area that has a large number of pools.

Lot size can be a huge factor in whether a pool is a good investment.  Young families and pet owners usually want grassy areas where their kids and pets can safely play safe.  If a swimming pool will take over your back yard with little room for other outdoor activities, it may probably not be a good selling point.

Also consider your neighborhood.  Keep in mind the value of similar homes in your area to figure out how yours will fit in with the added expense of a pool and ongoing heating and maintenance costs.  Those expenses may be too much for some buyers. Nevertheless, there are many buyers who could not envision a home without a pool, so keep these options in mind.

Check Out Homes For Sale with a Pool

By the way, if you know of anyone looking to buy or sell a home, please let me know.  I would love to help them make their real estate dreams a reality.

Renovated Homes For Sale

renovated homes jgonzalezhomes.com

The home you live in as well as the surrounding community reflect the lifestyle you want to live.  Check out all Renovated Homes For Sale in Hampton Roads.

RENOVATED HOMES FOR SALE

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VIRGINIA BEACH WEEKLY REAL ESTATE LISTINGS UPDATE

Courtesy of Jackie Gonzalez, REALTOR® BHHS Towne Realty (757) 943-9184

Virginia Beach Weekly Townhomes & Condos For Sale

If you’ve reached this page and do not see any properties listed, it means that no new townhouses or condominium listings came on the market in the past week.

 

Data services provided by IDX Broker

CHESAPEAKE WEEKLY REAL ESTATE LISTINGS UPDATE

Courtesy of Jackie Gonzalez, REALTOR® BHHS Towne Realty (757) 943-9184

Chesapeake Weekly Townhomes & Condos For Sale

If you’ve reached this page and do not see any properties listed, it means that no new townhouses or condominium listings came on the market in the past week.

IDX information is provided by the Real Estate Information Network, Inc. from a copyrighted compilation of listings. The compilation of listings and each individual listing are all © 2019 Real Estate Information Network, Inc. All Rights Reserved. The information provided is for consumers personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

 

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How to Improve Credit To Get a Home Loan

When it is time to buy a home for sale in the Hampton Roads area of Virginia, the most important thing is you credit score. If having a low credit score makes you want to put the brakes on your home buying dreams don’t lose hope. The main thing is to be patient and know that improving your credit won’t happen immediately.

Contact me today at 757-943-9184 and find your home for sale in Hampton Roads, Virginia.

First of all, obtain your credit score from 1 of the 3 major credit bureaus, Equifax, Experian or TransUnion by going to www.annualcreditreport.com, where you can get them free once a year. After you’ve received your report, you can start taking these steps to improve your credit.

  1. Check for Mistakes

Make sure that all your account balances are accurate. Verify that your name and date of birth are correct. Make sure there are no late or missing payments. Sometimes there are mistakes made on credit reports. If you see something that doesn’t look right, contact the bureau to dispute it.

  1. Pay Bills On Time

Delinquent payments will have a negative effect on your report. Make sure you pay all bills on time to ensure they don’t end up affecting you negatively. Payment history makes up 35% of your credit score.

If you have lots of late bills, start with the oldest first. A bill that is delinquent by 90 days will have a greater affect that one that is 60 days late. If you have a debt that you can’t pay, call the company and see if they will work with you. Most creditors will settle the debt for less than what you owe. Nonetheless, it’s best to pay debts in full whenever possible, as it will have a more positive effect on your credit report than one that is settled.

  1. Improve Your Debt-to-Credit Ratio

It’s important that you aren’t spending the maximum amount on your credit cards out each month. Credit bureaus may only pay attention to the amount you used even though you may be paying your balance in full. Don’t use more than 30% of your maximum credit limit. For example, on a $1000 credit card don’t use more than $300, even if you pay it on time and in full. If you really need more credit, ask your credit card company to increase your limit, allowing you to spend more while still staying below the 30% threshold.

Having multiple small balances across a number of different cards can actually hurt your score. Pay off those small balances and just use a few cards. You don’t want to close those other cards, though. Unused cards add to your overall credit limit. Here’s another example: If you have 3 cards each with a limit of $1000 and you have a balance of $900, then your debt-to-credit ratio is 30%. If you remove 1 card and still have a $900 balance between the remaining 2, your debt-to-credit ratio will become 45%. That’s why it’s important to simply keep the accounts you currently have open even if you don’t use them.

  1. Minimize Credit Inquiries

Every time you apply for credit a potential lender is going to contact the credit bureaus for a copy of your credit report. Each of these inquiries is noted and can affect your credit score. Applying for multiple credit cards in a short period of time will negatively affect your score.

If you are shopping for a car, student or home loan, you may have numerous inquiries from different companies as you’re shopping around for different rates. Any inquiries made within 30 days of finding a loan will be counted as only 1 inquiry and won’t affect your score. For that reason, it’s very important to make sure that you keep your loan shopping within a 30-day time period.

Buying a home can seem like an overwhelming task, there are so many things to consider. You don’t have to navigate these waters alone. I’m here to help you get into the home of your dreams. Contact me today!

Search Homes For Sale $150k and Less

You Enjoy: How To Buy A House With Low or No Down Payment

GET YOUR CREDIT POWER E-BOOK

Whether buying or selling a home, having credit power is an important aspect of real estate. Get INSTANT Access to this E-Book!
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How To Buy A House With Low or No Down Payment

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Want to buy a house with no down payment in Virginia Beach or surrounding areas of Hampton Roads?  There are no down payment to low down payment financing options for home buyers in Virginia Beach and other communities in Coastal Virginia.

The first step is to talk to a mortgage lender to find out if you qualify for these types of loans and finance options, especially if you are looking for down payment assistance. A lot of people are intimidated by this because they feel they may not have good credit or feel they haven’t saved enough money. Just knowing where you are starts you on the road to home ownership.

Are you a first-time home buyer?

You are considered one if you:

  1. haven’t bought a home before
  2. don’t currently own a home
  3. and haven’t bought a home in the past 3 years

Are you Serious About Buying a Home?

It’s important to talk to a lender about what options are currently available as well as what product is right for you. Loan products and programs are subject to change, and the loan officer may know of more programs.

If you want to buy a house but need money for a down payment don’t give up just yet. There are mortgages available for buyers who can’t come up with big sums of cash. Some of these mortgage programs require a low down payment or even no down payment.

Check out six options to buy a house with little to no money down.

  1. VA Loan (Department of Veterans Affairs) – No Money Down
  2. USDA – No Money Down
  3. FHA (Federal Housing Administration) – 3.5% down
  4. VHDA –  No down payment and Low down Payment Programs
  5. HomePath – low down payment
  6. Local Banks & Mortgage Companies- low down payment and grant programs

VA Loan: This loan is backed by the U.S. Department of Veterans Affairs. It helps current or past service members and their families obtain a mortgage with little to no money down and no mortgage insurance.

USDA: The USDA home loan program (Rural Housing Service) is a no down payment mortgage for eligible home buyers who wish to purchase in qualified rural or suburban areas.  

FHA Loan: The Federal Housing Administration (FHA) loan is one of the most popular home programs where you can qualify for a loan with 3.5% down.

VHDA Programs: The VHDA’s goal is to help meet Virginia’s housing needs by providing mortgages for first-time home buyers, as well as financing for apartment communities and revitalizing neighborhoods. They offer free home buyer classes, housing and credit counseling.

HomePath Ready Buyer Program: This Fannie Mae program is for first-time home buyers who, taking a required home buyer class can receive up to 3% towards closing cost assistance toward the purchase of a HomePath property.

Local Banks and Mortgage Companies: There are some local banks in Hampton Roads that offer grants of up to 3% that you don’t have to pay back if you qualify. Also, currently there are 1% or $500 down loan programs for qualified buyers that local bank mortgage companies are making available .

Can you afford to miss this opportunity?

Get The List Now!

To download the list of Free or Low Down Payment Assistance Programs simply fill in the form. Get the list now!
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I work with local lenders who can speak with you to see which loan program works best for you. Your lender can also educate you on what to do in order to qualify in the future, if you’re not ready at this time.

There are options available for those who qualify to buy a home in Hampton Roads. Many buyers are taking advantage of this opportunity so they can become homeowners. Why not you?

Read: Free or Low Down Payment Assistance Programs

 

ARE YOU LOOKING TO BUY YOUR DREAM HOME IN coastal hampton roads, VIRGINIA?

If you are a home buyer, my foremost goal is to provide you with exceptional customer service. Our goals are to help you purchase the right home, make sure you don’t miss out on any homes that meet your needs, and make sure you don’t pay too much for your next home.

Please utilize my real estate expertise to make your home search and buying experience as stress free and rewarding as possible.

Search Available Hampton Roads Properties

RELOCATION INFORMATION

Are you thinking about relocating to Hampton Roads, Virginia? I can help you find the perfect home and make your move as stress-free as possible. I can offer valuable insight about the area to help you through your home buying experience. Contact Me at (757) 943-9184.

ARE YOUR THINKING ABOUT BUYING OR SELLING IN Coastal VIRGINIA?

I am a local expert and am here to help guide you through your home buying or selling experience.

Connect with Me Today!

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I hope that you enjoyed this How To Buy A House With No Down Payment post!

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Four Bedroom Homes for Sale With Garage

Are you feeling a bit cramped where you currently live? Life changes, and your house needs can end up changing too. If you’ve outgrown your present home. having more space will make life easier. Check out these 4 bedroom homes with garage. Contact me if you have questions regarding homes or to schedule a showing. If you have a home to sell click here to find out how to get top dollar for your house.

First Time Home Buyers Class

The Urban League of Hampton Roads hosts first-time home buyer classes in Virginia Beach, Norfolk and Hampton. This free class provides a great opportunity to learn what’s needed to get on the road to successful home ownership and more.

A lender, real estate professional, and other qualified representatives who educate buyers and sellers of the home buying process will be present, so bring your questions and learn everything you need to know about buying a home.

Buyers, Meet Experts

The topics discussed with cover most aspects associated with buying a home from representatives in the fields of:

Mortgage Lender
Realtor®
Home Inspector
Title Company

At the class various topics discussed will include personal finances and credit, setting up a spending plan, working with a lender and real estate agent, the home inspection, the closing process, and preparing for the responsibilities of being a homeowner.

Attendees will receive a book filled with valuable information as well as a certificate for obtaining down payment assistance through the Virginia Housing Development Authority (VHDA). The class is also available online. Click here to check out the Urban League’s website.

Although the classes are free, registration is required.  To register for the next class with the Urban League please call 757-673-0851 or CLICK HERE to register for a class. Also, you can get an early start by reading about your VHDA loan options online.

Check out these great Virginia Beach Properties that were Just listed

Wondering how much Your Home Value is? Use our House Value Estimator!

ARE YOUR THINKING ABOUT BUYING OR SELLING IN hampton roads, VIRGINIA?

I’m here to help guide you through your home buying or selling experience.

Connect with Me Today!

LOOKING FOR MORE INFORMATION ABOUT hampton roads, VIRGINIA?

You’ll receive the benefits of learning about great neighborhoods, trends and hot spots.

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Looking forward to your attending the next first-time home buyers class hosted by the Urban League of Hampton Roads.

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Have Questions?

If you have any questions feel free to get in touch with me. I'll be sure to get back to you shortly.
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How To Have the BEST Yard Sale Ever!

Curious about having the BEST YARD SALE EVER? If you’re planning a sale, read further to get ideas to make your garage sale a success!

If you’re planning a move this spring, holding a garage sale or yard sale to get rid of items you no longer want or need is a great idea!  There’s an old saying, “one man’s trash is another man’s treasure,” so you can make a little cash while you help someone find that special item they’ve been looking for.

Don’t forget to check the weather forecast. I recently hosted a community yard sale. We got a lot of traffic although the day before it rained heavily. I’m glad that my neighbor’s were eager to do the yard sale despite the weather.

GARAGE TIPS! Make Your Yard Sale a Success!

Planning a move this spring OR... just curious about having the BEST YARD SALE EVER? If you're planning a sale, get your FREE download on ideas to make your garage sale a success now!
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There was a big-ticket item for sale and the neighbor was nervous about selling it from their home. A place was found that would service the item, certify and sell it on consignment. OMG! You don’t know the relief it was! With that out the way, the focus was on neighbors who went out of their way to have a successful yard sale.

By the way, here’s some info on how to safely sell something. Safety is very important nowadays, so the more you know beforehand the better it is for you.

That’s it for now. Have an AWESOME day!

`Wondering how much Your Home Value is? Use our House Value Estimator!

ARE YOUR THINKING ABOUT BUYING OR SELLING IN hampton roads, VIRGINIA?

I’m here to help guide you through your home buying or selling experience.

Connect with Me Today!

LOOKING FOR MORE INFORMATION ABOUT hampton roads, VIRGINIA?

You’ll receive the benefits of learning about great neighborhoods, trends and hot spots.

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Jackie Gonzalez

BHHS Towne Realty

137 Mt Pleasant Rd, Chesapeake, VA 23322

757-943-9184
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