Archive for February, 2015

Dominion Power Lines

Friday, February 27th, 2015

Dominion Power Lines The area residents are abuzz with the anticipated application in the first quarter of 2015 detailing where Dominion Power intends to place their new power lines. The current application will affect Fauquier, Prince William and Loudoun counties. The Gainesville to Haymarket 230 kV Transmission power line and Substation Project is to augment […]

Real Estate Grantor Tax

Thursday, February 26th, 2015

Real Estate Grantor Tax Changes to Real Estate Grantor Tax – July 01, 2013. This will affect Seller’s! The Virginia General Assembly agreed with Governor McDonnell’s proposal on April 03, 2013 to partially fund transportation improvements in Northern Virginia with a 150% increase in the real estate grantor tax. This tax is a burden to […]

Steps to Obtain a Mortgage

Thursday, February 26th, 2015

Steps to Obtain a Mortgage Today’s stricter lending environment means that processing a mortgage application is more complex than ever. Given the number of steps that lenders, underwriters, and mortgage insurers must all complete before home buyers truly have their financing in place, the buyer can often feel exhausted and frustrated during the process. To […]

Buyer Representation

Thursday, February 26th, 2015

Buyer Representation What is it and why does the type of your representation matter? How we practice real estate has changed quite a bit over the years. I often go meet with customers who don’t have a strong grasp of what agency means and why it is important to understand how it applies to them. […]

How Much Home Can I Afford?

Thursday, February 26th, 2015

How Much Home Can I Afford? Debt to Income Ratio or DTI is a common term used in lending comparing a person’s monthly debt load to their monthly gross income.  The DTI ratio is used by lenders to determine if a home buyer can maintain the new payments on a property they wish to purchase. […]

What is PITI?

Thursday, February 26th, 2015

PITI: What is it? Chances are whether you are a new buyer or just haven’t purchased in a while there will be some terms that you hear during your home purchase that you just don’t understand.  One very common term is PITI.  It used when qualifying Buyers for a mortgage.  It is an acronym that […]

OPEN HOUSE * 6625 Plantation Lane in Snow Hill

Thursday, February 26th, 2015

OPEN SUNDAY * March 1 * 1-4pm 6625  Plantation Lane, Warrenton, VA Click here to see more photos   FRESHLY PAINTED KITCHEN AND FAMILY ROOM (not pictured) * SELLER ASSISTED FINANCING AVAILABLE ** A MUST SEE IN SNOW HILL ON 1.5+ ACRES! * CUSTOM DESMOND GETTI BRICK HOME * 5 BED / 4.5 BATH * […]

Lighting Your Home

Thursday, February 19th, 2015

Lighting Your Home Ever wonder how to determine how much light is recommended to sufficiently light a room?  Well I have, so I did some research and found there is actually an easy formula to determine how much light will be needed.   What a great way to narrow down light fixtures before you start, right? […]

Title Insurance Basics

Monday, February 2nd, 2015

Title Insurance Basics with Keith Barrett Click the picture above to learn more about why you, the Buyer, should seriously consider title insurance before you get to the settlement table.  Answer questions like: What is title? Can the seller transfer their title insurance policy to the Buyer at closing? Why might I still need title […]

Grantor’s Tax

Monday, February 2nd, 2015

Grantor’s Tax Breaking Down the Settlement Statement Changes to Real Estate Grantor’s Tax – July 01, 2013. This will affect Seller’s! The Virginia General Assembly agreed with Governor McDonnell’s proposal on April 03,2013 to partially fund transportation improvements in Northern Virginia with a 150% increase in the real estate grantor’s tax. This tax is a burden […]