Supply and demand are primary driving forces in any economy. The idea that the scarcer the product, the higher the cost is undoubtedly the case in real estate markets. Keep reading to see how the low housing inventory affects buyers, sellers and tenants in Virginia...
Real Estate Transactions
The facts about seller financing
Seller real estate financing is most likely to occur in Virginia during hard economic times when many potential buyers may not meet a lender's stringent requirements. Here are some facts about this type of mortgage loan. Feasibility If you are a buyer considering...
Understanding what contingency means in real estate
Contingencies in real estate are one of the main ways buyers protect their interests while buying a home. The word contingency means that a deal depends on particular terms being met. This can mean a buyer agrees to a real estate contract under conditions, like a home...
Building a real estate portfolio for cash flow
Real estate in Virginia can be a powerful tool for creating a stream of income. However, it is not for everyone, and getting it right can be a delicate balance that also involves the risk of loss. Real Estate Income There are several different ways to profit from real...
Foreclosure help: Is it too good to be true?
If you have financial problems and struggle to make your mortgage payments, you may start to receive offers from buyers that seem too good to be true. Beware, because they just may be. Unfortunately, there are people out there who prey on financially strapped...
Solar easements in Virginia
Most every person who owns property deals with easements in some form or another. A good example of an easement is the kind of right that the power company has over the lines running over a home or that the utility company has to the public pipes underneath. They do...
What are some common closing problems to be aware of?
Buying the home of your dreams can feel like a real victory. That is, until you reach the closing and realize there is a new issue to deal with. Many homebuyers run into problems during the closing, and these problems can even prevent you from landing the home of your...
How can I sell my home faster?
Listing your home and watching it sit on the market is discouraging, which may lead you to want to get ahead of things and discover how you can sell your home fast. Zillow suggests that to sell a home fast, you need to make it seem like the best home on the market....
Understanding your rights may make homebuying more successful
Purchasing a home in Virginia is probably one of the more exciting things you have done, whether it is your first experience or you have done it before. Having success and feeling confident and encouraged by your decision can be accomplished in part when you...
Contingencies that may allow you to back out of a home purchase
You put in an offer on a house. It was accepted by the seller. However, you're now looking for a way to get out of the deal. You do not want to get sued. Can you do so? It depends on your reasons and the contingencies in your contract. Below are a few reasons you may...