201903.01
Off
0

The Opportunity Cost of Home Ownership

Some might think me crazy, being a person whose livelihood depends largely on commerce in real estate.   But it has to be acknowledged!   There is an opportunity cost to being a homeowner.  I have been a homeowner since I got out of school and found a seller crazy enough to owner finance my first home…

201901.30
Off
0

Looking for ways to SAVE MONEY on your next closing, LOOK ELSEWHERE (when it comes to TITLE INSURANCE)

Long gone are the venerable days when you hired an attorney for $1,000 and he actually visited the courthouse to search title to the property you were buying.     The closing industry has become so competitive that most settlement fees are 1/3rd to 1/2 what they were 50 years ago!   Attorneys had a monopoly in Virginia…

201901.03
Off
0

Great Advice for Self-Employed Mortgage Shoppers

Ever since the knee jerk reaction to the crash of  Oh Eight, self-employed borrowers have often been intimidated away from  the mortgage application process. Despite self-employed (the “gig economy”) vocations growing as a market segment, Fear and trepidation have caused a significant 10 year drop off of self-employed applications for home loans.  Dodd-Frank, the 900…

201802.15
Off
0

Do I have to Die to get out of my Timeshare?

Yes and No!    Dying does relieve you personally from having to ever pay another penny for your Timeshare or another maintenance fee.  However, your heirs may not appreciate the fact that your estate remains liable for these sorts of contractual obligations and it may affect the legacy that you leave to the next generation. It…

201711.10
Off
0

What are my Closing Options in this Electronic Age?

While our beloved Commonwealth of Virginia prides itself on keeping up with the Joneses in all matters of E-Commerce, we have taken more of a “wait and see” attitude toward the most electronic of closing technologies.    Naturally, big states with fewer Notary Publics per square mile would need to take the lead on electronic notarizations.  …

201612.19
Off
0

“Creative Financing” Pros & Cons

Among the more common “creative financing” alternatives in Virginia are the “Contract for Deed”, or “Land Contract”, and the “Land Trust”.     Creative financing often becomes necessary when you have a Seller very motivated to Sell, but who who has very little equity and does not want to do a Short Sale or  rent the house…

201610.24
Off
0

Virginia Voter Information!

This year’s (11-8-16!!) ballot has the potential to be a little more complex than usual.   In my city there is a referendum on Light Rail, a question on exempting widows of First Responders killed in the line of duty from real estate taxes, and a constitutional amendment on keeping Virginia a “Right to Work”…