Home Buying

Support and Guidance for Homeowners

Today I was doing a little research on organizations to help Military Families with the current housing market I came across. HOPE NOW is an alliance between counselors, mortgage companies, investors, and  other mortgage market participants. This alliance will maximize outreach efforts  to homeowners in distress to help them stay in their homes and will create a  unified, coordinated plan to reach and help as many homeowners as possible. The  members of this alliance recognize that by working together, they will be more
effective than by working independently.

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Want to Buy a Home in Williamsburg, VA … Now is The Time!

Congratulations to Clinton and Jessica, who closed on their new home in February! We had a great time house hunting for their dream home on 4 acres in New Kent where they can have horses and plenty of room for kids to roam. They got a deal on the house and a great interest rate (only 4% on a VA loan!). It’s a great time to buy!

I am a REALTOR with Liz Moore & Associates Also; I am part of the Liz Moore & Associates’ Military Team which specializes in homes for sale in James City County, Newport News, Hampton, York County, Poquoson, and Williamsburg, VA as well as surrounding markets. I offer Active Duty friendly support to families relocating to Langley Air Force Base, Ft. Eustis, Yorktown Naval Weapons Station, and Cheatam Annex. When you PCS to Hampton Roads, VA you will find that I understand that when a family member joins the military, the entire family belongs…thank you for serving our Country, and I look forward to serving your real estate needs!

When you are transferring to Langley AFB, Ft. Eustis, Yorktown Naval Weapons Station or Cheatam Annex, if you’re interested in buying a home for sale call 757-651-3763 e-mail me at jenniferhernandez@lizmoore.com

Saluting Our Military Community in Hampton Roads….on Real Estate Market Watch Talk Radio

Listen live this Wednesday March 14, at 4pm for “Saluting our Military Community” On the Real Estate Market Watch…the Power Hour of Real Estate Talk Radio! Liz Moore the host has myself, Alan Johnson, and Jim Baldasare as guest.  We are going to chat  about how our military clients can buy a house for a dollar in Hampton Roads, a VA Mortgage and may be able to win an opportunity to sell a house for free!  You will not want to miss this!

I am a REALTOR with Liz Moore & Associates Also; I am part of the Liz Moore & Associates’ Military Team which specializes in homes for sale in James City County, Newport News, Hampton, York County, Poquoson, and Williamsburg, VA as well as surrounding markets. I offer Active Duty friendly support to families relocating to Langley Air Force Base, Ft. Eustis, Yorktown Naval Weapons Station, and Cheatam Annex. When you PCS to Hampton Roads, VA you will find that I understand that when a family member joins the military, the entire family belongs…thank you for serving our Country, and I look forward to serving your real estate needs!

When you are transferring to Langley AFB, Ft. Eustis, Yorktown Naval Weapons Station or Cheatam Annex, if you’re interested in buying a home for sale call 757-651-3763 e-mail me at jenniferhernandez@lizmoore.com

Kiplinger-BBB Personal Finance Guide for Military Families.

By: Williamsburg Military Insider

The 2012 Kiplinger-BBB Financial Field Manual is out! I was very humbled to be interviewed for the section on Home-Buying Resources. The Guide helps with financial strategies, rules and resources for military families are often very different from those for civilians. The 20-page guide provides comprehensive guidance on a wide range of timely personal finance topics, including:

Special Home-Buying Resources. Military families, who tend to move frequently and sometimes with little notice, have been hit particularly hard by the housing downturn. But they also have access to special mortgage programs and tax breaks. The guide addresses these valuable resources and some key investing decisions to protect them from housing troubles that can jeopardize their financial situation.

Investing for the Future. Members of the military have access to special investing plans that can help them save for the future, but they’re also frequent targets of scam artists and identity thieves. The guide shows them how to make the most of their special savings plans, make smart investing decisions, and avoid the new generation of scams

Protecting Investments and Family. Military families have some unique risks–especially when they’re deployed–but they also have access to special programs to help them protect their savings and their families. The booklet guides them on how to make the most of these resources in areas such as insurance, estate planning, and new tax rules.

Protecting Investments When Leaving the Military. Service men and women need to make some key investing decisions after leaving the military. The booklet provides guidance to help ensure that the savings they have built throughout their service lasts through retirement – which is particularly timely as they enter a challenging civilian job market.

Special Benefits for Military Families. Members of the military have special legal rights and access to other valuable benefits, such as a GI bill that can help service members, their spouses and their children pay for college. The guide shows them how to make the most of those benefits to help protect their savings.

I am a REALTOR with Liz Moore & Associates Also; I am part of the Liz Moore & Associates’ Military Team which specializes in homes for sale in James City County, Newport News, Hampton, York County, Poquoson, and Williamsburg, VA as well as surrounding markets. I offer Active Duty friendly support to families relocating to Langley Air Force Base, Ft. Eustis, Yorktown Naval Weapons Station, and Cheatam Annex. When you PCS to Hampton Roads, VA you will find that I understand that when a family member joins the military, the entire family belongs…thank you for serving our Country, and I look forward to serving your real estate needs!

When you are transferring to Langley AFB, Ft. Eustis, Yorktown Naval Weapons Station or Cheatam Annex, if you’re interested in buying a home for sale call 757-651-3763 e-mail me at jenniferhernandez@lizmoore.com

The Time is now to Purchase a Home in Williamsburg, VA!

By:  Williamsburg Military Insider

Although in the past 12 months real estate inventory levels in Williamsburg have begun to shrink somewhat slightly, historically we still have an excellent selection. The best time to purchase your home is now, while the Williamsburg market provides the best combination of price and selection.

One of the most attractive benefits of purchasing a home today is the above average number of choices available.

If you are buying a new car, computer, lap top, refrigerator or any other consumer good, you can delay the purchase while looking for a lower price. Whether you are right or wrong about the future price of an item, you are still able to purchase that same item later. A home purchase is unlike any other acquisition a family can make. Homes are very personal. Your home is where your family lives. Different upgrades, the location, lot shape and size, orientation on the lot, and a host of other details are unique to the locale.

When more choices are available, you have a much better chance of finding the right home with more of the features you really want at an excellent price. As real estate prices rise again, buyer demand causes home inventory levels to drop. This makes it very difficult to find a home with the features you desire. Do not be left out of the booming home market. Check out the Williamsburg Listings today!

I am a REALTOR with Liz Moore & Associates Also; I am part of the Liz Moore & Associates’ Military Team which specializes in homes for sale in James City County, Newport News, Hampton, York County, Poquoson, and Williamsburg, VA as well as surrounding markets. I offer Active Duty friendly support to families relocating to Langley Air Force Base, Ft. Eustis, Yorktown Naval Weapons Station, and Cheatam Annex. When you PCS to Hampton Roads, VA you will find that I understand that when a family member joins the military, the entire family belongs…thank you for serving our Country, and I look forward to serving your real estate needs!

When you are transferring to Langley AFB, Ft. Eustis, Yorktown Naval Weapons Station or Cheatam Annex, if you’re interested in buying a home for sale call 757-651-3763  or e-mail me at jenniferhernandez@lizmoore.com

2012 (BAH) Basic Allowance for Housing Rates Will Rise in Hampton Roads, VA.

By:  Williamsburg Military Insider

2012 Basic Allowance for Housing rates will rise an average 2 percent next year, here in Hampton Roads, to include, Langley Air Force Base, Ft. Eustis, Yorktown Naval Weapons Station, and Cheatam Annex.

See the rates

When rates go up, all service members in a given location get the increase. But when rates dip, the military’s “individual rate protection” policy ensures that troops already settled in a location will not see their BAH decrease for as long as they remain in that location, assuming no change in dependency status or a reduction in pay grade.

That policy assures that troops who have signed long-term leases are not penalized if housing costs in their area fall.

BAH rates remain high by historical standards. Until 2005, troops were expected to cover some of their housing costs out of their own pockets. But Congress changed the law, and now the Pentagon gives troops 100 percent of estimated housing costs for their area.

Median rental costs are only one factor in the complex formula officials use to determine BAH rates. It also includes the average utilities costs and renter’s insurance rates. The Pentagon analyzes that data annually for 365 U.S. housing markets, including Alaska and Hawaii.

The Defense Department will pay out a total of about $20 billion in BAH, a slight uptick from last year’s total of about $19 billion. More than 1 million troops receive BAH to cover housing off post or rent in privatized housing complexes on military installations.

I am a REALTOR with Liz Moore & Associates Also; I am part of the Liz Moore & Associates’ Military Team which specializes in homes for sale in James City County, Newport News, Hampton, York County, Poquoson, and Williamsburg, VA as well as surrounding markets. I offer Active Duty friendly support to families relocating to Langley Air Force Base, Ft. Eustis, Yorktown Naval Weapons Station, and Cheatam Annex. When you PCS to Hampton Roads, VA you will find that I understand that when a family member joins the military, the entire family belongs…thank you for serving our Country, and I look forward to serving your real estate needs!

When you are transferring to Langley AFB, Ft. Eustis, Yorktown Naval Weapons Station or Cheatam Annex, if you’re interested in buying a home for sale call 757-651-3763   or e-mail me at jenniferhernandez@lizmoore.com

When the House You Want to Buy Needs Some Love in Williamsburg VA.

By:  Williamsburg Military Insider

It’s the house you want most! Or is it?
When you find a house in Williamsburg you love that’s in some disrepair, you feel torn. On the one hand, you could invest some money, time and energy in getting it fixed. Or you could keep shopping the Williamsburg market in hopes of finding the same house in mint condition. Preview these tips to assess what option is best for you.

Follow your heart and buy this one.
If you love the house and it’s not dilapidated, purchasing the home with a VA Loan is an ideal choice. Of course, if it’s falling apart and the repairs seem insurmountable, you won’t love it anyway. At some point every home needs some fixing, so why not complete the restorations at the start? With a VA loan, you can finance the purchase of the home as well as energy-efficient improvements with an energy-efficient mortgage (EEM).
Talk to your Realtor
A military-friendly Realtor will guide you in the right direction. Great Realtors don’t mislead you into thinking the repairs on your favorite house are easy and cheap. They’ll be straightforward with you and suggest whether you should continue shopping the market or invest in the house that is in need of repairs.
Forget about this house.
The house of your dreams required no major repairs when you bought it. If it weren’t for the leaky roof, busted HVAC and outdated shutters, then it’d be tops on your list of homes you saw. But those repairs are all real and you’re ready to get into your new home, not into your home on which you’ll spend weeks fixing up. Keep shopping and hope that you find a similar styled home in better condition.

I am a REALTOR with Liz Moore & Associates Also; I am part of the Liz Moore & Associates’ Military Team which specializes in homes for sale in James City County, Newport News, Hampton, York County, Poquoson, and Williamsburg, VA as well as surrounding markets. I offer Active Duty friendly support to families relocating to Langley Air Force Base, Ft. Eustis, Yorktown Naval Weapons Station, and Cheatam Annex. When you PCS to Hampton Roads, VA you will find that I understand that when a family member joins the military, the entire family belongs…thank you for serving our Country, and I look forward to serving your real estate needs!

When you are transferring to Langley AFB, Ft. Eustis, Yorktown Naval Weapons Station or Cheatam Annex, if you’re interested in buying a home for sale call 757-651-3763   or e-mail me at jenniferhernandez@lizmoore.com

Moving to Williamsburg? It is a Buyer’s Market…A Few Tips Before You Get Started.

by: Williamsburgmilitaryinsider.com

Maybe the thought of brown boxes and overflowing moving trucks sends you into hysteria, yet the fact is it’s a buyers’ market. Whether you’re looking for your first home or looking to upsize, at your new PCS location this is the time to take advantage of declining home prices. In addition to affordable home prices, U.S. 30-year fixed-rate mortgages are near an all-time low. This combination makes it the perfect time to buy a home.

Before you load of your household goods, the kids, the dog and every little item you
ever, there are a few things you should know about buying a home.

Understand Your Credit Score

Who would have ever dreamed that three numbers could stand in the way of buying a
home? This score determines whether or not you can get a mortgage and the interest rate, which you pay monthly. Your credit score is a lot like a worn down suitcase. It’s filled with your payment and credit history that you more than likely want to forget. But there’s no hiding it, this suitcase will haunt you as long as you live. Credit scores range from 300 to 850. If you have a score below 700, you may have more trouble finding a lender.

If your credit score isn’t as squeaky clean as you would like it, there are ways to boost those numbers. An obvious way to do this is to pay your bills on time. The quicker you pay off your bills and lower the balance on credit cards can benefit your score. To track your own credit score, visit with a local lender  or go to myFICO.com to see where your credit score
stands.

Be Realistic With What You Can Afford

A qualified mortgage lender will pre-approve you for a certain amount to finance
a home, yet this does not mean go out a buy a home at this price. You may not be able to afford it. Alongside utilities, property taxes, home insurance and possible HOA fees, this price may be too high. Sit down with your family and plan out other expenses involved in owning a home, you do not want to be house poor. You want to be able to enjoy life.

Research Movement in Price

Just because the “For Sale” sign has a listing price, doesn’t mean you’re stuck at that price. Before making any type of offer, have your Realtor research the movement in price. Check out how many times the sale price has been reduced. If the price has been reduced multiple times, you have an eager seller. These sellers are more than likely to accept a lower offer and will want to sell quickly.

Is the Builder Reliable?

If you’re looking into new construction, look for a reputable company, one that has been in business for a few years and has a proven track record. If you are questioning your builder’s credibility, search their name on the BBB, Better Business Bureau, website to see past reviews and the rating on their business practices. During your sit down with your builder for preliminary plans, read everything. Have your Realtor with you to help with the questions.  Don’t be afraid to ask questions, this is your house they are building.

What’s the School District Like?

Although the number of bedrooms and bathrooms play a very important role in making a
home purchase, the school district in which this home is within is just as important. You want your kids to go to a reputable school, and this too will affect re-sale price. Do some research on these schools, kindergarten through high school, check the graduation rates and talk to people in the community. Great Schools.org is a great starting point.

Whether buying a new home is a practical decision for you, you must do your research
and think about all aspects beyond the front door. Take advantage of your realtor’s knowledge and the community. Find something that works for every member of the family and just like a book; never trust a home by its exterior.

I am a REALTOR with Liz Moore & Associates Also; I am part of the Liz Moore & Associates’ Military Team which specializes in homes for sale in James City County, Newport News, Hampton, York County, Poquoson, and Williamsburg, VA as well as surrounding markets. I offer Active Duty friendly support to families relocating to Langley Air Force Base, Ft. Eustis, Yorktown Naval Weapons Station, and Cheatam Annex. When you PCS to Hampton Roads, VA you will find that I understand that when a family member joins the military, the entire family belongs…thank you for serving our Country, and I look forward to serving your real estate needs!

When you are transferring to Langley AFB, Ft. Eustis, Yorktown Naval Weapons Station or Cheatam Annex, if you’re interested in buying a home for sale call 757-651-3763 or e-mail me at jenniferhernandez@lizmoore.com

Tick or Treat! The Top10 HAUNTED HOMES for sale!

In my quest for the home of the week this week. I came across some amazing homes. The team at TopTenRealEstateDeals.com spent many hours  searching websites and talking to paranormal experts, ghost tour guides and real estate agents all across the United States to find the 10 scariest homes that are currently for sale. There are some fabulous homes available.  Take a look at these haunted homes from across the country.

I am a REALTOR with Liz Moore & Associates Also; I am part of the Liz Moore & Associates’ Military Team which specializes in homes for sale in James City County, Newport News, Hampton, York County, Poquoson, and Williamsburg, VA as well as surrounding markets. I offer Active Duty friendly support to families relocating to Langley Air Force Base, Ft. Eustis, Yorktown Naval Weapons Station, and Cheatam Annex. When you PCS to Hampton Roads, VA you will find that I understand that when a family member joins the military, the entire family belongs…thank you for serving our Country, and I look forward to serving your real estate needs!

When you are transferring to Langley AFB, Ft. Eustis, Yorktown Naval Weapons Station or Cheatam Annex, if you’re interested in buying a home for sale call 757-651-3763 or e-mail me at jenniferhernandez@lizmoore.com

VA Extends Higher Loan Limits Through Dec 31st, Great News for Williamsburg Va Buyers

by Williamsburg Military Insider

The Department of Veterans Affairs has announced that loan limits will not be lowered in
2011.* Loan limits as high as $1,000,000 in some areas will remain in place at least until the end of the year. Don’t miss this opportunity to lock in historically low rates and take advantage of all the VA.
Loan Benefits offers:
*No down-payment and no PMI on most loans
*For Home Purchase or Refinancing existing loans
*Active Duty, Vets, and Retirees eligible
*VA Guarantees 25% of the Loan Amount for Lenders

Also the VA funding fee has been reduced as of October 1, 2011

I am a REALTOR with Liz Moore & Associates  Also; I am part of the Liz Moore & Associates’ Military Team    which specializes in homes for sale in James City County, Newport News, Hampton, York County, Poquoson, and Williamsburg, VA as well as surrounding markets. I offer Active Duty friendly support to families relocating to Langley Air Force Base, Ft. Eustis, Yorktown Naval Weapons Station, and Cheatam Annex.  When you PCS to Hampton Roads, VA  you will find that I understand that when a family member joins the military, the entire family belongs…thank you  for serving our Country, and I look forward to serving your real estate needs!

When you are transferring to Langley AFB, Ft. Eustis, Yorktown Naval Weapons Station or Cheatam Annex, if you’re interested in buying a home for sale call 757-651-3763   or e-mail me at jenniferhernandez@lizmoore.com