Selling Your Home

There is Clean and Then There is Really Clean…A Clean House is a Best-Seller

I came across a great article about the benefits of a clean home . Having a spotless, tidy home offers a big return on investment.  Of course, there is clean and then there is really clean.  The article has some wonderful tips from the The Maids.

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

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I Recently had a Short Sale In Williamsburg, VA When Can I Get a Mortgage Again?

By: Williamsburg Military Insider

The chart below is a great tool to give you a basic guide when you might qualify for a mortgage again, if you have had a Short Sale. With a conversation with Nina Efird of Suntrust bank if you had a VA Compromise Sale, the VA is requiring you to pay back the delinquency if you would like to have full eligibility.

The specific wording on the VA official site includes the following;

“…although the veteran’s debt was waived by VA, the Government still suffered a loss on the loan. The law does not permit the used portion of the veteran’s eligibility to be restored until the loss has been repaid in full.”

If a VA loan applicant is notified that a debt to the government exists, or was aware of the debt prior to applying for the loan, it’s a very good idea to contact the VA directly to work out the details of repayment before trying to apply for a new VA mortgage.

Another important fact to remember–you may still be able to take advantage of any unused VA loan eligibility. If a borrower did not use the full entitlement on the previous VA mortgage, any remaining entitlement may be allowed.

A borrower’s debt to the government for a compromise claim could be factored into the debt-to-income ratio unless the lender feels the compromise claim debt is too large compared to other financial factors. Such debt might result in the need for a down payment, or a larger down payment than usual–requirements will differ from lender to lender.

 http://www.benefits.va.gov/homeloans/faqelig.asp

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

Active Duty Military Short Sale Program…Great News for Hampton Roads Active Duty Military.

By: Williamsburg Military Insider

With the press release of from the White House earlier this week; there is some great news for Military Home owners who are underwater on their mortgage with PCS orders in hand. The settlement came about by the Department of Justice Reaching Agreement to Compensate Servicemembers for Wrongful Foreclosures.  If you currently have a Home Mortgage from one of these lenders Bank of America, Chase, Citi, Wells Fargo, and Ally and faced with a short sale possibility.  Under the National Mortgage Settlement working with your lender, all of the participating servicers will provide mandatory short sale agreements and deficiency waivers to certain service members who are currently ineligible for HAP.

  • JPMorgan Chase/Washington Mutual
    Chase Homeownership Center
    (866) 372-6901
  • Ally Financial-GMAC
    (800) 766-4622
  • Citibank/Citimortgage
    (866) 272-4749
  • Wells Fargo/Wachovia
    (800) 288-3212
  • HUD-Approved Housing Counselor
    (800) 569-4287

After talking with your lender and you meet the guidelines, Active Duty Service Members  who bought their homes between July 1, 2006 and December 31, 2008, or who received a PCS after October 1, 2010 you want to get with your Realtor who is knowledgeable with a Military Move.  A Military Friendly Realtor will be able to guide you through the short sale process and work with your lender in getting it accomplished.  The National Mortgage Settlement page has a lot of useful information how it directly affects Active Duty Service members.

If you live in the Hampton Roads area and have any questions on starting the short sale process please feel free to contact me.

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

Active Duty PCS? Leaving Hampton Roads, need to sell your home? Enter to Win Thousands!

Active Duty PCS?  Enter to Win Thousands!

We salute our military neighbors!  To show our gratitude for your service, if you are active duty and have received PCS out orders, we invite you enter to win a commission-free listing from the Liz Moore & Associates Military Team.

One lucky military seller will pay NO LISTING SIDE BROKERAGE FEE when we list (and sell) your home – that’s 3% of your home’s value back in your pocket.  You’ll save $6,750 on a home sold for $225,000!

You must list your home for the first time between 2/15/2012 and Labor Day, 9/30/2012 with a Liz Moore Military Team member for at least 6 months, and have PCS orders to be eligible. One winner will be drawn on Labor Day, and our 3% listing side brokerage fee will be credited at settlement (or rebated to the seller if the listing has already sold and closed). Short sales are not eligible.

Just visit www.SellYourVAHomeForFree.com to register to win, or call Jennifer Hernandez  office at 757.645-4106  for more details.

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

Active Duty Military in Hampton Roads, and Want to Play the Housing Game and Win!

By: Williamsburg Military Insider

Today’s military consumers face a real estate market that’s drastically different from the housing boom of just a few years ago.

But while the go-go days of soaring prices, bidding wars and fast transactions may be over, that doesn’t mean there aren’t good options for buyers and sellers. If you are planning to buy or sell a house soon, you still can develop a winning strategy and master the housing game.
If You’re Selling

Avoid sentimentality. You need to emotionally detach from your home when you begin contemplating selling. You don’t want to be thinking about all that went on in the home over the years. Today’s consumer needs to be logical about what they are doing so they can part with the home more easily.

Be realistic about pricing. Find a Military friendly agent and do evaluations of comparable properties that have sold nearby. Your Realtor can make recommendations for pricing your home.  You want to be careful and not overprice. There are a lot of choices out there, and you don’t want buyers to cast your home aside right away because of the price.

Think like a salesperson. Market where the people are: real estate and social networking websites. Be aware that potential buyers are judging your home from the street or from photos on the Web long before they get a closer look. You want to have good curb appeal and no clutter.  You want to make your home look inviting. Compare it to the competition — the other homes for sale in your area — and do what you can to make it better than the other homes the buyers are seeing.

Be flexible. Be willing to offer incentives, such as paying for closing costs, moving expenses, new appliances or upgrades. You don’t necessarily want to deeply discount your home. But  you do want to  keep in mind that you want to sell. Some things are worth holding out on, but don’t stand so firm on everything that you lose the deal.

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

“Upside Down” …Swimming in your Mortgage you are not alone 1 in 4 home mortgages in Hampton Roads are in the same boat.

By: Williamsburg Military Insider

A new report recently released stated that One in four homes with a mortgage in Hampton Roads was “underwater” in the second quarter.  This means 25 percent of owners owed more on their mortgages than what their homes were worth. It’s also called negative equity or being “upside down.”

According to CoreLogic, a California-based research company hat’s up slightly from the first quarter, when 24.1 percent of homeowners with a mortgage were underwater, and up from the second quarter of 2010, when 21.1 percent of homes with a mortgage were in negative equity.

Negative equity can occur because of a decline in value, an increase in mortgage debt or a combination of the two. Nearly three-fourths of homeowners in negative equity have higher, above-market interest on their mortgages, the report said. More than 40 percent of borrowers with 125 percent or higher loan-to-value ratios have mortgages with rates at 6 percent or above, compared to 17 percent for borrowers with positive equity, the report said.  Nationally, 22.5 percent of all residential properties with a mortgage were underwater by the end of the second quarter, and another 5 percent had less than 5 percent equity.

“High negative equity is holding back refinancing and sales activity and is a major impediment to the housing market recovery,” Mark Fleming, chief economist with CoreLogic, said in a news release.

More homeowners are finding as property values continue to drop facing negative equity themselves. Nearly three-fourths of homeowners in negative equity have higher, above-market interest on their mortgages, the report said. More than 40 percent of borrowers with 125 percent or higher loan-to-value ratios have mortgages with rates at 6 percent or above, compared to 17 percent for borrowers with positive equity, the report said.

Some borrowers feel trapped; even though interest rates are low, lenders have tightened requirements, making it hard for the consumer in a negative equity situation to take advantage of low rates.  Due to this it keeps borrowers in their adjustable-rate mortgages. Eventually, interest rates will rise, causing more defaults and foreclosures.

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

Impact of Housing Market on Military Families

By: Williamsburg Military Insider

Yesterday, NPR ran a story about the impact the faltering housing market has on military families. They mentioned that in some ways, military families are taking the brunt of the downfall.  Home values nationwide have fallen more than 30 percent since the height of the market, which means millions of people are underwater on their mortgages. But military families can’t control when they get orders to move. So one family has let its house go into default — and another is living apart.

Have you had experiences trying to sell your own home due to a PCS in the midst of the weak housing market? How did you deal with the challenge?

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

Active Duty Military ” Underwater” on Your Mortgage…Write your Congressman or Senator.

By: Williamsburg Military Insider

Today on Fox News Congressman Andrews talked about the HAP program (Housing Assistance Program) Congressman Andrews was asked why was the date July 1, 2006 actually chosen under the HAP Program if you know? Congressman Andrews answered “I think it was totally chosen out of the air and it doesn’t bare any relationship to the people struggling to hold onto their homes.”  Congressman Andrews is an advocate for the Military Family.  Congressman Andrews wants to get a lot more specific than that “ I want to specifically put the money in the Defense Bill so these families are not caught in this terrible situation they’re in right now.” The Defense Law will be signed September 30, 2011 this is the time to write to your Congressman and Senators and share your story.

Congressman Andrews also stated “My understanding is to take care of this entire problem would cost about 1 billion dollars. To put that in some perspective, every thirty-seven billion dollars is 1 percent of our budget. So this is 1/37 of 1 percent of the federal budget would cure this entire problem for all the deserving military families.  I think we should just do it and stop talking about it.”

 The next step is for people all around the country to talk to their house members and talk to their senators and say look, we’ve helped a lot of other people who needed help with their housing situation, the first on the list should be the men and women who voluntarily step forward to help serve this country in the military.” It is shameful, as far as I’m concerned, that there are people in civilian life that have been treated a lot better under these programs than people who step forward to serve in the military.”

 If you are moved or motivated write your Congressman or Senator today!

 Watch the interview.

Day 5 : Five Things You Didn’t Know That Could Get Your Home Sold In Williamsburg, VA

By: Williamsburg Military Insider

5. The freeway or subway you thought was too close. There is such a thing as a freeway or elevated train tracks being too close to your home; if your place rattles or roars, for example, every time the train passes, chances any buyer will view that as a selling point are pretty slim. However, homebuyer attitudes toward being located near freeways are a-changing. As gas prices inch upward buyers seem a tiny bit more interested in a location that is more commutable. Today’s buyers are more interested in financial and ecological efficiency and convenience. What might once have been seen as too close to the freeway has gotten a new spin, lately, as a highly convenient, commuter-friendly location.

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

Day 4 : Five Things You Didn’t Know That Could Get Your Home Sold In Williamsburg, VA

By: Williamsburg Military Insider

4. Your happiness. Video and even written love letters that show all the virtues for which you love your neighbors, your
neighborhood and your property are contagious to buyers. Sellers can help buyers see their homes through their own loving eyes by posting videos on YouTube and including the link on the listing flyer or even by putting a binder containing a letter plus menus and flyers from their favorite neighborhood
restaurants, dry cleaners and other local merchants out on the counter during
showings.

Wide-open curtains that let sun shine, light and bright paint and decor colors and other
home features that science has proven make residents more happy and functional
also create this thought process in a buyer’s mind.

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