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What Does it Mean if a Listing is Contingent?

In For Buyers, For Renters by jesslynmoir

Shopping for a new home can be a long and draining process, especially when you keep running into terms you don’t recognize. Like what does a contingent listing mean? Should your offer be contingent? Let’s explore what this standard realty term means. If a home listing has a contingent offer status, it means a buyer has made an offer and the seller has accepted. The sale, however, won’t be finalized until certain criteria are met. In this situation, the parties can negotiate whether the home will still available for showings, as the seller may want entertain backup offers until the …

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3 Questions to Ask about Homeowner’s Associations

In For Buyers by jesslynmoir

Homeowner associations (HOA) are becoming more and more popular, whether you’re looking for a townhouse, a gated community or even an ordinary neighborhood. When part of an HOA, you pay monthly dues or fees for services that could include trash removal, upkeep of common areas, water and sewage, and even pest control. Make sure you learn everything you can about your particular HOA before you buy. Here are some important questions to ask:

Just Listed – 7007 Hunter’s Trace

In For Buyers, For the Family by jesslynmoir

7007 Hunters Trace Way, Spotsylvania, VA Get Directions Click Here Description Photos Maps & Local Schools Print Brochure $ Click for current price 4 BEDROOMS | 3 (3 full ) BATHROOMS | 2398 SQUARE FEET Follow This Home! Free Home Values Homes Close to Where You Work Presented By: Jessica Moir Century21 New Millennium 540-242-1602 Schedule a Showing/Request Info  

June Market Updates

In For Buyers, For FSBO, For Renters, For Sellers, Market Updates by jesslynmoir

When you are thinking of buying or selling a home in Frederickburg, VA or the surrounding areas, it’s important for you to have a good grasp on the housing market in your zipcode, or even your subdivision! Every month our Market Stats are updated with the previous month’s information. We provide a select amount of information, however you can download the month’s full report to see all the data available. Additionally, we would love to make personalized reports available to you – if you would like information on your subdivision or zipcode prior to thinking of buying or selling your home, …

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Post Ratification: The 2 Most Important Steps

In For Buyers, For Renters by jesslynmoir

Congratulations! You’ve found a home, put in an offer, and it’s been accepted. All parties have agreed to the terms and your contract is ratified. Here are two of the most important steps that you need to take to ensure your home purchase is successful: Get a home inspection Once you’re in the negotiation process, it’s essential that you get a third-party inspector to run a thorough home inspection. The inspector will be looking for major structural issues, including problems with the foundation, plumbing, and electrical systems. Your inspector should be extra picky, pointing out the most minor faults. Make …

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How to Buy a Home: Tips and Tricks from Real Estate Insiders

In For Buyers, For Renters by jesslynmoir

No matter if you’re in a buyer’s or seller’s market, there are a few critical steps you can take to make a smarter purchase. Since buying a home is likely the biggest single investment you will ever make, being prepared will help you make a better purchase. Here are our best tips to buying a home. Know your buying power What is your buying power? It is the combination of your credit-worthiness and how much you can realistically pay for a home. First, you need to understand the hidden costs of buying a home. You will need to save not …

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Protesting Your Assessment to Lower Your Property Taxes

In For Buyers, For Sellers by jesslynmoir

Although you must pay property taxes, you can make sure that you pay a reasonable amount based on the true value of your home and land. Many homes get overvalued because assessors err in valuing a home and homeowners don’t pay attention to these mistakes. Consequently, homeowners unwittingly pay more than they should in property taxes. However, if you’ve owned your home for more than a year, you can potentially lower your property tax burden by showing that your home has been overvalued, meaning that your tax assessment claims your property is worth more than it is. Even if the …

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Top Homeowner Tax Deductions That Decrease Your Tax Burden

In For Buyers, For Sellers by jesslynmoir

You can’t avoid paying taxes, and we all need to pay our fair share. However, paying your fair share shouldn’t place an unjust burden on you. As a homeowner, your tax burden is doubled because you pay both income and property taxes. To decrease that burden and boost your tax savings, take advantage of these homeowner tax deductions. As a result, you can use your tax savings to go on a vacation, increase your child’s college fund, build upon your retirement fund, or complete another home improvement project. Home Improvement Tax Deduction You spend so much of your time at …

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Find and Correct mistakes on your credit report

In For Buyers, For Renters by jesslynmoir

How common are credit report mistakes? Inaccuracies are rampant. In a 2012 study by the Federal Trade Commission, one in five people identified at least one error on their credit report. In their 2015 follow-up study, almost 70% thought that at least one piece of previously disputed information was still inaccurate. Go through each section of your report systematically, and take notes about anything that needs to be corrected. Your personal information Start with the basics: often overlooked, one small incorrect personal detail like an incorrect address can accidently lower your score. So, before you look at any other part …