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Springfield Real Estate Updates

Read the latest news, tips, and insights for the Springfield real estate market.

Finding the Right Agent

The most important attribute of an agent is that he/she is well connected to the real estate industry.

Where Does the Money Come From for Mortgage Loans?

Buying and selling of mortgages and mortgage-backed securities is called mortgage banking.

Lead Poisoning

Lead poisoning is a serious problem that can lead to adverse health problems.

Plan of Action

If you understand your motives, you will be able to better negotiate and to get what it is that you want.

Is Buying a Home Still a Smart Plan

With the burst of the housing bubble and foreclosures, you may wonder if buying a home is still a good idea.

The Biweekly Mortgage - Who Needs It?

If your goal is principal reduction and saving money, then it is a good plan.

Title Insurance When Refinancing Your Loan

Discounts may also be available if you use the same lender for your refinance loan and your original loan.

Underground Heating Oil Tanks

Underground heating oil tanks can pose many potential problems to both home buyers and sellers.

For Sale By Owner - A Good Idea?

For Sale By Owner is a way of selling your home without the use of a professional real estate agent.

Hot, Normal, and Cold Markets

Multiple offers will be made on each home and often homes will sell for more than the asking price.

Land Contract

A land contract can be helpful for those who need time to establish or improve their credit rating.

Title Insurance Requirements for Insuring Trusts

A few of the requirements of the title insurance industry if title to property is conveyed to the trustee.

Living Trusts

While not comprehensive, some answers to many commonly asked questions are listed below.

Insist on a Home Inspection

The home inspection reports protect you because it establishes the actual condition of the property.

A cozy living room with a light-colored couch, pillow, blanket, coffee table, side table, hardwood flooring, and white walls.
Avoiding Financial Stress

By asking the right questions, and knowing exactly what your needs are, you can find the right loan for you.

The No-Cost Thirty Year Fixed Rate Mortgage

The term “no-cost” actually means that your lender is paying the costs of the loan.

Title Insurance - Where Does Your Dollar Go?

Title Insurance: As a homebuyer, the term is probably familiar - but is it understood?

Environmental Issues

When purchasing a property, it is important to be aware of environmental liabilities associated with it.

Longboat Key Condos for Sale
Finding the Right Seller

A highly motivated seller is more likely to sell at a price that is less than his or her house is actually worth.

Which ARM is the Best Alternative?

How would you like a mortgage loan where you did not have to make the whole payment if you did not want to?

Understanding Title Insurance

The purchase of a home is one of the most expensive and important purchases you will ever make.

Condominium and PUD Ownership

Restrictions and duties come with ownership of a Condominium or PUD that buyers must know.

Making a Good First Impression

A good first impression can influence a buyer both emotionally and visually, a crucial part of selling.

Use a Buyer's Agent

It’s important that you choose an experienced agent who is there for you to help you on the process.

The Advantages of Different Types of Mortgage Lenders

Know the advantages and disadvantages of different types of institutions, not the individual loan officers.

Creative Financing

Will the seller need title insurance? Everyone who retains an interest in the property needs title insurance.

Know Why You are Selling

If you know exactly why you are selling then it is easier for you to follow the right plan of action.

Why You Should Not Make Any Major Credit Purchases

Even if you have enough savings, you should consider not making any large purchases until after closing.

Statements of Information

Here are some of the questions most commonly asked about Statements of Information.

Considering Offers

Take the time that you need to assess what is being offered and if it meets your needs.

Build a Plan of Action and Get Ready

Before you can build a plan of action, take the time to lay the groundwork for your decision-making process.

Types of Mortgage Lenders

Mortgage brokers deal with lending institutions that have a wholesale loan department.

Understanding Preliminary Reports

After months of searching, you’ve finally found it -- your perfect dream home. But is it perfect?

Setting the Price

Always be realistic. Understand and set your price to reflect the current market situation.

Importance of Inspection

Don’t take anything for granted, not even what you see or what the seller or listing agent tells you.

Common Ways of Holding Title

Real property can be valuable and the question of how parties can take ownership of their property is important.

What’s a Fico®?

The credit bureau’s computer evaluates a complete credit profile and assigns a score.

Items You Need When Applying For a Loan

These are the things to supply to your lender to get quick approval using alternate documentation.

Understanding Foreclosures

When economic activity declines and housing activity decreases, property enters foreclosure.

Getting the Highest Price in the Shortest Time

In order to get the highest price in the shortest time, you need to know how to market your home.

Getting a Legitimate Lender and Getting Pre-Approved

Buyers go house shopping and when they have found their dream home, they go to get pre-approved.

Welcome to My New Website

Welcome to my new and improved real estate website. I invite you to look around!

What is a Short Sale Anyway?

An increase in foreclosure rates will inevitably bring with it an increase in short sales. But what is it?

Why Do You Need Title Insurance?

Isn’t sleeping well at night, knowing your home is yours, reason enough for title insurance?

Your Savings and Down Payment

The first thing you should do is figure out how much money you have available for the purchase.

Thinking About Buying a Foreclosure?

Before making an offer on a foreclosed property, do your due diligence and research and inquire.

The Functions of an Escrow

The escrow must be provided with the necessary information to close the transaction.

Required Reporting to the I.R.S.

Sellers of real property will have information on the sale reported to the Internal Revenue Service.

Mechanic's Liens

The mechanics’ lien is a right that a state gives to workers to record a lien and ensure payment.

Work With Rhonda

With unparalleled industry knowledge, experience, and local expertise, I'm the Alexandria, VA Real Estate expert you've been looking for. Whether you're buying or selling, I can help you get the best deal.