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Buying a Home During the Holiday Season

by Desi Sowers

The holiday season is just around the corner, and with everything that goes on this time of year, you may think that buying a house right now would be crazy!  But, really, there are a lot of reasons it makes sense to buy a house at the year’s end.  So, if you’ve been contemplating the purchase of a home, but thought you should put your search on hold for the holidays, here are some reasons why you should consider the holidays a great time to buy!

  1. THERE IS LESS COMPETITION - If you’ve been keeping up with the real estate market, you already know that right now there is a shortage of homes for sale. That means that sellers are often fielding several offers for their homes. But, since most people probably think this is a bad time of year to buy a home and move, that means there will be fewer buyers and fewer people making offers on homes.  You might actually get a great deal if a seller needs to be out of their house by the end of the year and you are the only one making an offer!
  2. MOTIVATED SELLERS - Let’s face it… nobody really wants to move during the holidays. But sometimes it can’t be helped.  It’s likely that people who are selling their home over the holidays are highly motivated to do so.  If you have a motivated seller combined with less competition from other buyers, chances are you are going to get a great deal on a home! A Home Buyer's Guide to Motivated Sellers
  3. MOTIVATED AGENTS - With less activity in the market this time of year, Realtors will be dealing with fewer clients.  This means they will have more time to devote to you and your search for the perfect home.  Also, getting a sales commission before year’s end is sure to be a motivating factor to bring your purchase to completion.
  4. LOWER INTEREST RATES - With Interest Rates Projected to Increase in 2019, now is the time to get that mortgage and save some money.  It might not seem like much, but may be surprised to discover how much you save over the life of your mortgage with just a small difference in the interest rate.
  5. LOWER PRICES - In addition to a lower interest rate, you will find that some people drop home prices when selling during the holidays.  This goes back to that “motivated seller” who really needs to move before the end of the year.  Historically, December has lower home prices than any other month.  There is no guarantee that home prices will drop, but it’s worth talking to a professional Realtor about the local market.
  6. FASTER CLOSINGS -  Generally, all the people involved in a real estate transaction want it done before year’s end.  As a buyer, you want to be settled in your new home and sellers certainly want to be moved and in their new homes as well.  Lenders want to include the loan in their current year’s books. And Realtors want to include their commissions on the current year’s income.  If you do your part and have all your paper work in order, your closing will be as quick and smooth as possible.

So, the moral of this story is…if you’re thinking of buying a house, you don’t have to wait!  Now is a great time to buy!  If you’re thinking about selling or buying a home in the New River Valley area, contact professional, experienced Realtor Desi Sowers and let her assist you with all your real estate needs. Give her a call today at 540-320-1328!

Photo Credit: realtor.com

Why Location is Important When Purchasing a Home

by Desi Sowers

I’m sure you’ve heard the phrase “location, location, location!” before, but it has never meant more than when you are purchasing a home.  You can fall in love with your dream home, fix it up, renovate it; even change its structure, but if it’s in the wrong location, you likely can’t move it.  It’s attached to the land.  Identical homes can increase or decrease in value depending on their location.  Choosing the best area for living and resale value is equally as important as choosing your ideal home.  Here are a few things to be aware of when searching for the right location for your investment:

  • Top Rated School Districts

Homebuyers with children often seek homes in highly desirable school districts. They are willing to spend more for a home to enable their children to go the “best schools.”

  • Recreation & Nature

Homes on the water or near parks hold their value because people enjoy living where they can enjoy the outdoors.If you love the outdoors and being active, chances are you wouldn’t enjoy living in the middle of the city, or even in suburbs that require you to drive somewhere for outdoor recreation. Outdoors - Virginia's New River Valley

  • Scenic Views

A home with a scenic view often sells quickly. And there are plenty of breathtaking vistas to see in the New River Valley!  Mountains, golf courses, even a small glimpse of water are enough to entice buyers to purchase a home. It’s not only great for resale value, but you get to enjoy beautiful views while living there.

  • Entertainment & Shopping

While some buyers seek out scenic views, others may be looking for a home that enables them to walk to restaurants, movie theaters and boutiques.  If you prefer cultural activities to outdoor activities, then it would make sense for you to look for a home in a town or city.

  • Economically Stable Neighborhoods

Older neighborhoods that have survived economic recessions while maintaining evident pride of ownership appeal to buyers looking for long term stability.

  • Public Transportation, Healthcare & Jobs

Some buyers will be looking for convenience. They don’t want a long commute to work and want to have easy access to transportation and healthcare facilities. New River Valley Transportation Services

So, you may find your dream home but if it’s not in the right location, it might not be a dream come true. When purchasing a home remember…location, location, location!

If you’re thinking about selling or buying a home in the New River Valley area, contact professional, experienced Realtor Desi Sowers and let her assist you with all your real estate needs. Give her a call today at 540-320-1328!

Photo Credit: hosteltrends.com

 

Mountain views in a peaceful country setting await the lucky buyer of this Belspring cottage. Neat, clean and move in ready with fresh paint, new carpet, trendy light fixtures plus many additional improvements. Nestled on fenced acre lot with a covered front porch setting the scene for relaxing everyday living. Inviting living room with big window views is the perfect place to entertain. The kitchen flows easily into the living area and offers a French door refrigerator, electric range, dishwasher, an abundance of cabinet space plus a serving bar. Comfortable main level living with a master suite, bedroom two, second bath and a laundry room. Additional large bedroom upstairs overlooks this picturesque setting. Keep your outdoor toys out of the elements with unfinished basement space, a garage and storage building. Convenient access to schools, shopping and dining. Pack your bags, this one is a winner and ready for you. View The Floor Plan

 

View the Tour

 

You don’t have to just visit; you can live here and enjoy Virginia’s growing economy and vacation-like lifestyle! With easy access to I-81 you can appreciate a prime example of why New River Valley VA is such a desired place to live and play.

Desi Sowers has distinguished herself as a leader in the New River Valley real estate market. Desi assists buyers looking for New River Valley real estate for sale and aggressively markets New River Valley homes for sale.

Desi brings with her a keen eye for the details of buying or selling a New River Valley home and seemingly boundless determination and energy, which is why her clients benefit from her unique brand of real estate service. Rooted in Tradition, focused on the Future – Desi Sowers will help make the most of your New River Valley real estate experience. Give her a call today, 540-320-1328, and discover the difference she can make during your family's move.

New River Valley VA Real Estate: 1413 Grove Drive Pulaski VA 24301

by Desi Sowers
 
A little lipstick and rouge spackle and paint will make this solid brick home sweet home. Perfect for the energetic buyer or a flip house for an investor. Offering spacious rooms including a sunroom, home office, large bedrooms and a finished basement. An Inviting living room with picture window views and crackling fireplace is ideal for family gatherings. Great kitchen space offers electric range, refrigerator, dishwasher, tile backsplash and easy access to the outdoors. A master bedroom plus and additional bedroom and full bath on the main level. Upstairs has two additional bedrooms plus a full bath. Family room on the lower is ideal for a recreation room. Beautiful lot with fenced yard and mature trees. Come over bring your tool kit and make this your home today! View The Floor Plan

 

View the Tour

You don’t have to just visit; you can live here and enjoy Virginia’s growing economy and vacation-like lifestyle! With easy access to I-81 you can appreciate a prime example of why New River Valley VA is such a desired place to live and play. Desi Sowers has distinguished herself as a leader in the New River Valley real estate market. Desi assists buyers looking for New River Valley real estate for sale and aggressively markets New River Valley homes for sale. Desi brings with her a keen eye for the details of buying or selling a New River Valley home and seemingly boundless determination and energy, which is why her clients benefit from her unique brand of real estate service. Rooted in Tradition, focused on the Future – Desi Sowers will help make the most of your New River Valley real estate experience. Give her a call today, 540-320-1328, and discover the difference she can make during your family's move.

View the Tour

If you are looking for space to spread out and build your own home look no further. Centrally located in Pulaski County this perfectly flat 2.85 acres offers the ideal homesite for peaceful country living. Nestled in the heart of Belspring VA where there is a host of can’t-miss things to do, from attending special events, learning about local history; to dining at independent restaurants and staying active at area parks. There is public water available but not public sewer, so the new owner will need to install a septic system and none of the lots have been perked. Great building site for single family home or possible investor for more than one home site. Come on over take a look!

You don’t have to just visit; you can live here and enjoy Virginia’s growing economy and vacation-like lifestyle! With easy access to I-81 you can appreciate a prime example of why New River Valley VA is such a desired place to live and play.

Desi Sowers has distinguished herself as a leader in the New River Valley real estate market. Desi assists buyers looking for New River Valley real estate for sale and aggressively markets New River Valley homes for sale.

Desi brings with her a keen eye for the details of buying or selling a New River Valley home and seemingly boundless determination and energy, which is why her clients benefit from her unique brand of real estate service. Rooted in Tradition, Focused on the Future – Desi Sowers will help make the most of your New River Valley real estate experience. Give her a call today, 540-320-1328, and discover the difference she can make during your family's move.

1509 Glenmore Lane - Fabulous Remodeled Radford VA Home!

by Desi Sowers
 

Set your sights on this beautifully remodeled Radford VA home. New windows, new heat pump, new flooring remodeled kitchen and baths are just a few of the perks awaiting the lucky buyer. A sparkling kitchen with quartz counter tops, tiled backsplash stainless appliances and crisp white cabinets flows effortlessly into the sunny breakfast area. The spacious living area is illuminated by big window views and an inviting den with a crackling wood burning fireplace sets the scene for fabulous family living. Just off the family room a covered porch allows you to slip out and enjoy the views. A master bedroom plus three additional bedrooms and a trendy new bath complete the main level. Mosey on down to the finished basement with a recreation area, home office, full bath and outside access this is the perfect place to entertain. Pack your bags and come on over! We are sure you will want to stay!

 
 
View the Tour

 

You don’t have to just visit; you can live here and enjoy Virginia’s growing economy and vacation-like lifestyle! With easy access to I-81 you can appreciate a prime example of why New River Valley VA is such a desired place to live and play.

Desi Sowers has distinguished herself as a leader in the New River Valley real estate market. Desi assists buyers looking for New River Valley real estate for sale and aggressively markets New River Valley homes for sale.

Desi brings with her a keen eye for the details of buying or selling a New River Valley home and seemingly boundless determination and energy, which is why her clients benefit from her unique brand of real estate service. Rooted in Tradition, focused on the Future – Desi Sowers will help make the most of your New River Valley real estate experience. Give her a call today, 540-320-1328, and discover the difference she can make during your family's move.

100 9th Avenue - Brick Ranch Nestled on a Large Peaceful Lot!

by Desi Sowers

 

Stop paying the landlord and live in this ranch home situated on a large beautiful lot just steps away from Radford University. Beautiful hardwood oak floors, knotty pine paneling, built-in shelves, ceiling fans, storm doors, and multiple living areas make this main level living home the perfect place to call home. Fantastic kitchen space with ample cabinets and counter space, electric range and refrigerator.  Three bedrooms and a full bath complete the main level. An unfinished basement has shelving, cabinets additional storage, outside access, laundry space and a full bath. HUGE two story double detached garage with an attached storage shed and plenty of parking. Overlooking a lush green lawn with mature trees in a peaceful dynamic location. Come on over enjoy the good life with all the conveniences just steps away.

View Floor Plan

View the Tour

 

You don’t have to just visit; you can live here and enjoy Virginia’s growing economy and vacation-like lifestyle! With easy access to I-81 you can appreciate a prime example of why New River Valley VA is such a desired place to live and play.

Desi Sowers has distinguished herself as a leader in the New River Valley real estate market. Desi assists buyers looking for New River Valley real estate for sale and aggressively markets New River Valley homes for sale.

Desi brings with her a keen eye for the details of buying or selling a New River Valley home and seemingly boundless determination and energy, which is why her clients benefit from her unique brand of real estate service. Rooted in Tradition, focused on the Future – Desi Sowers will help make the most of your New River Valley real estate experience. Give her a call today, 540-320-1328, and discover the difference she can make during your family's move.

Mortgage 101: Tips for First Time Home Buyers

by Desi Sowers

Deciding to buy a home is exciting. But it can also be overwhelming, especially for first-time home-buyers.  There is so much to think about. Before you start your home search, you should find a mortgage lender who can help walk you through the home-buying process.  Follow these mortgage tips and you will be prepared to purchase the home of your dreams!

  1. FIND THE BEST LENDER

With a little homework, you will be able to find the best lender to help walk you through the home-buying process.Get recommendations from friends and family or from your Realtor. Interview lenders. Find out what their closing time averages are and look up customer satisfaction rates.This is likely the largest financial investment you will ever make, so be sure that the lender you choose is right for you both personally and financially. Best Mortgage Lenders 2018

  1. DETERMINE HOW MUCH YOU WANT TO SPEND ON A HOME

There is a difference between what you can afford and what you are willing to spend.Many factors play into this decision.Your lifestyle, the size of home you’re looking for, and other expenses should all be considered.You might be shocked by what the numbers say. Chances are you won’t want to spend as much as you qualify for.So, work out a budget first and don’t overestimate what you can afford. Can You Afford That House?

  1. GET PRE-APPROVED FOR A MORTGAGE LOAN

The last thing you want to happen is to find the perfect home and not be able to make an offer because you haven’t been pre-approved for a loan. Taking the time to do this now will save you time and grief in the future.

  1. STOP SPENDING

Now is not the time to make large purchases.Avoid taking out new lines of credit.Don’t purchase a new car or apply for a new credit card.Make sure that you are not adding to your credit card balances.Remember that your Debt to Income Ratio is a vital piece of the mortgage puzzle and can be a deal breaker if you go over your limit.Save large purchases for after closing day.

  1. DON’T RUSH!

Now that you’ve got all your ducks in a row, the fun begins.Take your time searching for the right home.This is a financial investment that you will be living with for a long time, so don’t settle. Professional Realtor Desi Sowers can answer any questions you have about purchasing your first home.Give her a call today at (540) 320-1328

Tips for Handling a Last-Minute Move

by Desi Sowers

Sometimes things happen that are out of our control.  Perhaps a change in employment is forcing a move that you weren’t expecting. Other times you might have known you were moving, but were so busy that you waited until the last minute to start preparing.  Either way, it can seem overwhelming.  Whether your move is unexpected or you are just an expert procrastinator, here are some tips to help you get through a last-minute move:

Think Logically - A last minute move might make you feel paralyzed with anxiety over where to even start.  There is so much to be done and the “to do list” can seem insurmountable. Don’t despair. The key word here is “list”.  Take a deep breath, sit down with pen and paper and make a list of what you need to do. As you complete each task, simply cross it off the list. Before you know it, there will be more items crossed off than there are to do.  The first step should be hiring a moving company or renting a moving truck (depending on whether you are using movers or doing it yourself). It can sometimes be challenging to find movers and/or trucks available last minute, so make sure to do this as soon as you know you are moving.  There are tools you can use such as a Moving Company Directory to help you find reputable companies in your area.  Make sure to get two or three quotes, but then decide quickly.  Once you have the logistics worked out, you can get on with the rest of the tasks on your list.

Eliminate Items You Don’t Want or Need - Packing is quite a chore and the less you have to pack, the easier it will be. With a last-minute move, easy packing is all the more important.  As you go through each room in your house, separate items you no longer want or need into three categories: donate, recycle, and throw away.  Now is not the time for sentimentality.  Don’t make the mistake of packing everything thinking you will sort through it after you move.  Get this done before you go and you will have less to pack, which will make setting up your new home easier.  Once you have your piles sorted get rid of them immediately.  Donation Town is a great resource for finding places where you can donate items in your area.

Create an Essentials Bag - Prior to packing, set aside an overnight bag and fill it with essential items that you can’t afford to misplace.  Items such as medications, electronics chargers, important papers, toiletries and a couple of changes of clothes should go in this bag.  This bag is especially important for a last-minute move where things might get a bit chaotic. You may also want to consider putting together a Moving Day Survival Kit.

Time to Pack - Packing in a hurry means there won’t be much time to think and organize.  The important thing is to get everything into boxes so your possessions make it from your current home to your new home.  Don’t worry about trying to pack only “like” items in each box.  Put things where they fit. You can sort through everything once you’ve moved.  Keep a marker handy to label the boxes in a general manner. For example, simply label which room a box should go to such as kitchen or master bedroom.  It’s ok if there are miscellaneous items that don’t belong in the room the box is labeled for, as you can put them where they belong later.  Use towels, socks and blankets to wrap around breakable items.  Save yourself time and boxes by packing clothes as they are.  Use garbage bags to wrap around hanging clothes using the bag’s strings to tie around the hangers.  Keep clothes in dresser drawers and wrap the drawers in packing materials to be moved as is.

Don’t Be Afraid to Ask for Help - This is a big task you’re taking on, particularly since it must be done quickly.  Family and friends can and will help if you ask. And with help, you will get the job done quicker, which is the goal in a last-minute move!  To show your appreciation you can order a meal for your helpers while they are there.

Moving is stressful regardless of how much time you have, but when moving quickly focus on the end goal…which is getting all your belongings to your new home as safely as possible.

If you are planning to move and need to sell your home, let professional Realtor Desi Sowers assist you in getting your house on the market. Give her a call at (540) 320-1328 today!

When you purchase a home, you are not only choosing where to live, you are making a financial investment as well. Home Equity  is the percentage of your home value that you own and with each mortgage payment you make you are contributing to your own financial savings.  The goal is to build up as much equity as you can so that when you sell your home, you will make a nice profit!  Here are some tips for building home equity:

- Take Out a 15-Year Mortgage Loan - It’s common for people to choose a 30-year mortgage because many believe a 15-year mortgage is out of their budget.  However, it can’t hurt to ask your mortgage lender to run the numbers to see if a 15-year mortgage is doable for you.  You might be surprised to discover that the shorter term is within reach.  Sticking to a Budget that allows you to pay off your house in half the time will build equity faster and will certainly pay off in the long run!

- Pay Down the Principal - Build equity faster by paying down your home loan quicker.  Even if you don’t have the ability to take out a 15-year mortgage, you can still make extra mortgage payments when you have the means to do so and the difference extra mortgage payments can make toward building equity are huge. If you make just one extra payment toward  Principal each year, you can potentially pay off your home loan seven or eight years ahead of schedule.  There are ways to do this without breaking your budget.  For example, you can use a tax refund or a work bonus.  Another way to do it is to simply add a small amount to your principal payment each month.

- Make a Larger Down Payment - Depending on your credit standing, you can qualify for a conventional mortgage loan with a down payment as low as 3%, and an FHA loan with a down payment as low as 3.5%.  While it’s tempting to buy a house with a low down payment so that you have more cash on hand, the pros of making a larger down payment may outweigh the cons. The larger the down payment, the faster you build equity.  The faster you build equity, the more profit you will make should you have to sell your home before paying it off.

- Make Improvements on Your Home - Making Home Improvements is a good way to add value to your property.  It’s important to educate yourself about what home improvements give you the best ROI (return on investment).  For example, per Chris Terrill, CEO of HomeAdvisor, “a minor kitchen remodel is one of the best investments homeowners can make.”  “Projects including refinishing cabinets, updating the countertops and installing new appliances all provide high return without breaking the bank.”  Other home improvements that add value to your property include replacing garage doors, adding a bedroom, updating a bathroom and installing new windows. And don’t underestimate the value of curb appeal!  A professionally landscaped yard will not only help with a quick sale; it can also add up to 20% to your home’s value!

Owning a home is likely the largest financial investment you will make, and the more equity you acquire, the more options you will have.  You can utilize your equity as a nest egg for the future or it can be used as a cash down payment on your next home.  Use these tips to build equity faster so you can build up your savings and enjoy this wonderful perk of home ownership!

If you’re thinking about selling or buying a home in the New River Valley area, contact professional, experienced Realtor Desi Sowers and let her assist you with all your real estate needs. Give her a call today at 540-320-1328!

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