Kitchen Remodeling made easy

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Copyright 2014 NATIONAL ASSOCIATION OF REALTORS®

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Follow up to Zillow and Zestimates

It gets better.  I just received this from Zillow via email in the updated Zestimate on the house I just sold in April 2013.  Even when they have the answers to the test they fail.

Home Report
1112 W Durwood Cres, Richmond, VA 23229
Sold on 04/16/2013: $359K
4 beds | 2.0 baths | 2,020 sqft

Zestimate ® $309,126 (+$8.2K / +2.7%)
Rent Zestimate ® $1,664/mo (-$71/mo / -4.5%)

Click for full details.

If you are a buyer or seller please don’t reply on Zillow.
If you are a REALTOR stop liking Zillow on Facebook.

What’s Next?

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Copyright 2012 NATIONAL ASSOCIATION OF REALTORS®

Home prices up sharp- Int rates stay low

Mortgage rates held at record lows this week as fresh data showed home prices in the nation’s largest cities rose sharply from May to June. In other industry related news, 25% of banks reported tightening lending standards for would-be mortgage holders in the last few months. In order to avoid hiccups and closing delays, prospective buyers should submit all their documentation to a reputable and experienced lender well in advance of beginning their home search.

Please note we have special rates for our purchase customers, please call for rates on refinances.

Here are our weekend rates for purchase loans for borrowers with credit scores over 740 and at least 20% down:

Conf 30 year fixed to $417,000: 3.5%
Conf 30 year fixed ($417,000-$535,900): 3.5%

FHA 30 year fixed: 3.25%

FHA 5/1 ARM: 2.25%

Jumbo 30 year fixed ($528,750+): 3.75%

All rates except FHA reflect 1 origination, 0 discount points. Please note rates do vary by credit score, loan amount, rate lock period, occupancy and loan to value.

Emily Scarborough
Prosperity mortgage

Gifts, home deductions, energy credits and tax breaks…

Down Payment Gift a Leg Up to Home Ownership, But Know Tax Rules

We explain the tax details around giving the gift of a home down payment. Read


How To Collect 2011 Tax Energy Credit 2011 Energy Tax Credit

How to Claim Your 2011 Energy Tax Credits

They’re not as much as they used to be, but there are still energy tax credits to be had for upgrades made in 2011. Read


Common Tax Mistakes Mistakes To Avoid When Filing Home Taxes

10 Easy Mistakes Home Owners Make on Their Taxes

Don’t rouse the IRS or pay more taxes than necessary — know the score on each home tax deduction and credit. Read


Home Deduction Mistakes Traps For Home Deductions

6 Home Deduction Traps and How to Avoid Them

Get an “A” on your Schedule A Form: Dodge these tax deduction pitfalls to save time, money, and an IRS investigation. Read


Work From Home Deductions Home Office Deductions

What You Can and Can’t Deduct When You Work From Home

Working from home can offer many advantages including tax deductions. Just take care what you try to write off for your home office on your return. Read

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© Copyright 2012 NATIONAL ASSOCIATION OF REALTORS®

Who are you working with ..Really?

This come ups from time to time when looking for a contractor, a hair stylist, a tattoo artist and yes a real estate agent or broker. All of which have a business license for that particular trade and all should be registered with DPOR. The Department of Professional and Occupational Regulations. The beauty of this site is that you can see who is has had Complaints against them, violated some sort of rules and regulations and what the status of their license currently is. In some cases it will tell you how much continuing eduction they have gotten in the last two years (for real estate licensees)

So if you are a home owner looking to Sell or a buyer looking to buy, do your do diligence and interview several agents but also check the DPOR website for more details on that agent. You will be surprised at what you will find.

It’s a Great time to buy!

 

Virginia home sales surge ahead (+9%) in February 2012
Posted: 23 Mar 2012 07:11 AM PDT\

 

 

 

 

 

 

In another sign of potential stabilization of the housing market in Virginia, home sales rose 8.6% in February 2012 as compared to one year prior.  This strong increase is after a 2.7% year-over-year increase in January 2012.  Virginia’s unemployment rate of 5.8% in January is the lowest level seen since December 2008 and provides a strong climate for growth in the housing market.

Download the full February 2012 Virginia Home Sales Report below which also highlights:

  • Monthly median sales prices only declined 0.9% in the past year.
  • Monthly sales volume increased 8.4% between February 2011 and February 2012.
  • Average days on market stayed level at 105 days in February 2012.

February 2012 Virgina Home Sales Report

 

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