Author: bill1227

It’s an election year and maybe you like me have been hearing both parties make claims that would lead you to believe a President can directly control, lower, influence etc. home mortgage rates, in a short relatively period of time. The “short” answer (pun intended 😉 is – No they can not directly and that’s … Continued

After a volatile start to August, there is some recent good news. As of today the average 30 year mortgage rate has dipped slightly to approximately 6.58%. Make it a great day!

The M.L.S. is kind of a mess…… Just Google it and see. The MLS and NAR (national association of realtors) are becoming a legal mess bureaucracy. And not just for the seller but now, equally a mess for the buyer being asked to sign legal agreements that ultimately pay their buyers agent. What a mess! … Continued

Mission Va LLC is not a middleman wholesaler seeking to “assign” your house for a substantial profit to an end buyer. ” But wait there’s more” and if that does not happen, walking away, leaving your home in your hands at no cost or commitment to them. Mission Va LLC Is The End Buyer.

Richmond Metro Home inventory Grows as Sellers Market Slows. Statistics are showing a steady growth in housing inventory available for sale, since the pandemic. After a low June 2022 of 1507 the last two years have been a steady rise, especially the last twelve months. The tide is turning and has already turned in much … Continued

US home delas were canceled at the highest rate on record for a June. About 15% of all homes that went under contract in June canceled. More sellers are cutting asking prices on MLS listed homes. Properties have been lingering on the market longer in the U.S. This is another good reason for sellers in … Continued

Surprisingly (to me) mortgage refinance demands jumped recently and reached a two year high. Its reported that at least in part, because interest rates dropped slightly, this lead to a sharp uptick of refinances. I have never been a big fan of refinancing. Particularly, it concerns me when I see young people do it as … Continued

Current mortgage rates continue to hover at approximately 7% for a 30 year fix. This may surprise some. There was chatter earlier in the year that by summer rates may be lower. Its “summer” that didn’t happen. We should also clarify “lower”. If your hoping lower is the 3%-5% of a few years back. Don’t … Continued

Typically, when I am inspecting a hoarder house to buy there is a feeling of caution, reluctance, embarrassment from family members of the hoarder, that contact me. I try to ease them as I have seen this many times and have purchased several. There is nothing shocking about this to me and I am glad … Continued

There is good and bad news for Central Virginia Homes Sales. First the good news. Inventory is up 35% year to date. But, the bad news is that is still substantially low compared to 2020. New construction home sales are leading the way. The majority of experts agree that is mainly because “that is what’s … Continued

There are many reasons for selling your house direct, for cash, to Mission Va LLC in a divorce. Here are some examples – faster and hassle free closing, not dealing with showings, you choose the closing date, we pay the closing costs, zero fees & commissions, no worries about home inspections and repairs. There is … Continued

One of the common statements I hear from a prospect seller is they are unsure. I understand as I feel the same often in regards to buying a house directly,as is, for cash and paying the sellers closing costs. The solution is simple. You see it has to be a win-win for both. The house … Continued

There is a misconception by some that you need a realtor to sell your house. The fact is you do not and often it is to your advantage to not use a realtor to sell. IMO what you do need is a real estate attorney handling your end of the transaction. That’s why here at … Continued

Yesterday a major newspaper (hint two hours North of Richmond) reported that Real estate Agents are fleeing. The article had statistics to back it up. Amongst the reasons listed were new rules regarding how homes are bought and sold in America. Along with mortgage rates and an over crowded industry.

Year to date home sales in Virginia show a mixed bag of ups and downs. Richmond Metro which is part of Central Virginia Region was Down 0.6%. Shocker? Not to me. Working full time in the Richmond Metro Market myself and others can feel it. Feel what? Feel a slow but steady shift from a … Continued