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!!