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Buying a Condo in Richmond, VA? Ask questions!
The problem with condos in Richmond, VA right now is two fold. The first is supply. Development Lenders are not lending to developers for condo projects. When supply is limited it makes that product type less liquid. In a market with lots of condos units like New York or Boston, then there is amble supply and [...]
4 Tips to Determine How Much Mortgage You Can Afford
By: G. M. Filisko Published: March 11, 2010 By knowing how much mortgage you can handle, you can ensure that home ownership will fit in your budget. 1. The general rule of mortgage affordability As a rule of thumb, you can typically afford a home priced two to three times your gross income. If you [...]
How FICO Credit Scores Work
Buying a house, refinancing it, getting a loan, getting a job—they’re all dependent on your FICO credit score. It pays to learn how it’s calculated. How are FICO credit scores computed? FICO uses five broad categories to calculate credit scores, and each category is weighted accordingly: Payment History 35% Amounts owed 30% Length of credit [...]
Buying A Home Cheaper In Nearly Three Quarters Of Big U.S. Citis: Trulia
This report from Trulia demonstrates that home prices have come down enough so that renting is not an affordable option to housing in most US Cities. That is good news for real estate home sales in richmond, va. It means that price equilibrim may be near and that the market may be approaching a recovery. More on [...]
Housing numbers signal recovery taking shape.
A string a economic indicators have been signaling a firm recovery is taking shape. Mounting foreclosures still pose risks to the housing market in Richmond, Va and at large, but at the same time it offers buying opportunities for those looking to purchase right now. Sales volume has picked up. Prices are stable, but still [...]
Property Management Services For Richmond, Virginia
At Snipes Properties, we strive to be the industry leader in single-family property management in Richmond, VA. Our Property Management Specialists have expertise with maintenance and construction, investor services, rental and resale market values. We offer a complete package of services in a bundled package or a la carte. We handle the following: Advertising and [...]
