Yard Sale Router

For all of my yard sale friends that are either shopping or having a yard sale this is a great tool. This site will map the yard sales that are listed on Craigslist with descriptions of the sale. Just click on the red balloon for each listing and you will get the address, times and details of items for sale. This is a must for those having a yard sale and it's free!!! Check it out!

Understanding Credit Scores

Credit scores can be very confusing about how they are determined. The #1 item is payment history that accounts for 35% of your credit score. If you declare bankruptcy, have judgements, collection accounts etc it will hurt your score. The #2 item is maxing out your credit. Do not live beyond your means by maxing out your credit cards. This accounts for 30% of your credit score. Credit history accounts for 15% so do not close any accounts that help establish long term credit. And finally at 10% each, credit inquiries and not having a mix of credit can hurt but at 10%...not too much.
I hope this helps.
Wythe

IRS Link to the New Tax Credit

For complete details on the new tax credit click on the title to this post.

There is a chart of the changes in the links to the left.

Wythe

Tax Credit Extension signed by the House

Great News! The house has agreed to the Tax Credit Extension and now it awaits for The President's signature. And the really good news is that it now includes a tax credit of up to $6500 for purchasers that currently own a home as their principal residence consecutively for 5 of the last 8 years. Check out the chart at the NAR website for specifics by clicking on the title of this posting.

Extension of the tax credit

Stay tuned...they are voting on it today. I will update the site with the specifics when it is announced.

Check out this great You Tube Video about Richmond

http://www.youtube.com/watch?v=Nl3hbXRPOA0&feature=player_embedded

Glen Allen Newsletter

For all of you Glen Allenites here is a Newsletter just for you. It contains lots of great information about events and resources available for the area. I will make it a regular link in my list of links.
Wythe

Personal Finance Blog/Website

Check out this great website for all kinds of information on personal finance from the best CD rates to buying insurance. There is something for everyone here.
Wythe

Build/renovate your own home - blog

Great blog for other weblinks and for information about building or renovating your own home.
Wythe

Rentals for Pet Owners

Check out the Richmond SPCA website for a list on rentals in Richmond that accept pets. What a great tool!
Wythe

Second Qtr Results

This is a "Topline Report" For more details call me.
Wythe

VHDA Launches Homebuyer Tax Credit Loan Program

Hurray! Attached is the announcement that the VHDA will now allow the $8000 tax credit to be used as downpayment for first time buyers that qualify. This is a great step to helping first time buyers purchase new houses. Please call me if you have any questions or need assistance in buying your first house. I will guide you through the necessary steps to homeownership.
Click the title of this post for more information.
Thanks,
Wythe

Richmond Gas Prices

I have now added a link to Richmond Gas Prices. Either click on the title to this post or go down to the list of links. Happy Motoring.
Wythe

Tax Credit Information

This link will give you the basics on the $8000.00 tax credit provided by the National Association of Realtors. If you would like more information or would like to start the process of buying a home please feel free to call me.

You may click on the title of this post or copy and paste http://www.realtor.org/home_buyers_and_sellers/2009_first_time_home_buyer_tax_credit .

The Virginia Homeowners Alliance

CHECK OUT THE VIRGINIA HOMEOWNERS ALLIANCE

This Web site offers helpful information, from home maintenance tips to landscaping ideas to local school report cards. They also keep you up-to-date on issues going on in your community – real estate taxes, property assessments, and new residential and commercial development. They believe that homeowners should have every resource available to them to help increase the value of their home while keeping in tune with decisions that are being made in their localities that will affect this value. This Web site The Virginia Homeowners Alliance and REALTORS® are proud to partner to protect your interests as a homeowner!

Investors

Investors,
If you are interested in flipping houses you may want to take a look at this link.
www.flippinghomes.com. Click on the title to go directly there. You will want to read the article on "Flipping Properties and the Seasoning Issue" that out lines issues you may face with lenders if you try to sell too soon. The direct link to the article is http://www.flippinghomes.com/articles/readarticle.aspx?artid=37. I have permanently added this link under "Real Estate Web Sites"
Wythe

Error in the Richmond Times Dispatch Reporting on Foreclosures.

Please click on the title to view a Richmond Times Dispatch article explaining an error in reporting foreclosures from my last posting.

Foreclosure article in the Richmond Times Dispatch

Check out the article in the Richmond Times Dispatch today titled "Housing Problem Expands in Region". You can find it online at http://www.timesdispatch.com/rtd/news/local/article/foreo4_20090103-212020/168229/. This article details the foreclosure market in the Richmond area. This is a great opportunity for buyers. The renovation loan as discussed on my posting yesterday can bring new life to these houses and provide affordable homes for buyers.

Wythe

Buy a foreclosure with a Renovation Loan

This year will bring many opportunities for buyers. Buying foreclosures, which are usually distressed properties can be a lucrative investment, but is usually limited to investors with the cash to repair the property. With the FHA 203K loans anyone can purchase a home (at a distressed price) and receive the funds to repair/renovate the house through a FHA lender that offers the 203K program. This is truly a wonderful opportunity for buyers to invest and fix up their own property.

I am dedicating myself to helping interested clients through this procedure. With my help, the buyer will be rewarded with the home of their dreams and these poor abandoned houses will have a life again. It's a win-win for the buyer and the city.

Check out the FHA Website : http://www.fhainfo.com/fha203k.htm

Call me if I can help.

Happy New Year!!!

Happy New Year! I am looking forward to an exciting 2009. I look forward to helping buyer's pick out one of the 10,000 homes that are on the market in the Richmond area. This is the best time to buy a house...there are great interest rates, grants, foreclosures and renovation loans to assist in getting a new house. This opportunity will not last forever, (hard to imagine now) so if you are in the market for a house call your realtor NOW!!