Do you know of someone who is upside down on their mortgage and struggling to keep their home?

They do have options, but there is a time clock ticking…. The Federal Government’s Mortgage Forgiveness Debt Relief Act is schedule to end on December 31, 2012. This is crucial because it keeps many homeowners from being hit with a tax penalty (sometimes a severe penalty) as a result of short selling their home. Have them call or email us to see if we can help them before this program ends.

Check out the video we did this morning, where we discuss the local real estate market… and in particular distressed properties statistics.  How do foreclosures and short sales impact you?

Click here to see the written version of the “How’s The Market?” report.

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The November issue of our “How’s The Market?” report is ready and provides some insight into what is occuring in our local real estate market today. In this issue we take a closer look at the distressed property statistics and how they impact our local market.

Why should you be concerned about distressed property statistics? Because they impact just about everybody. If you are a homeowner, then distressed properties impact your home’s value. If you are a potential home seller, distressed properties will impact your pricing and marketing strategy. If you are a potential home buyer, you need to know distressed properties create unique equity building potential for you.

As always, we are here as your trusted real estate resource. If you have any questions about buying, selling, your home’s value, or how today’s trends are impacting you… give us a call, text, or email.

Click the image below to read the November issue of “How’s The Market?”

Would you like to receive this report monthly by email? Simply use the form below to sign up… you can unsubscribe at any time.

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The list of the newest foreclosures in the Fredericksburg region is at your fingertips.  12 new foreclosure listings ranging in price from $109,900 to $489,599.  Your next home may be in this list.  If you see one you are interested in, give us a call to arrange a private viewing.

Click the graphic  below to see this week’s list.

If you are having trouble viewing the graphic, use this link to see the Friday Foreclosure List

“A great starting point for pricing your own home is going back to 2001. Disagreeing with the price your agent suggested is normal and so is wanting more money for it than you can get.”

The quote above is from The St. Paul Real Estate Blog, and the article made me smile.

Hard truths are much easier to see, if they don’t affect you as much as others.  I’ve heard several people talk bad about home sellers in their neighborhood.  They say things like, ”I would never short sale my house, it hurts all the values in the neighborhood.”  Or, “Can’t they see how much overpriced they are?”  But, when it is your home and your situation, things become much more emotional, and harder to see the simple truths.

It is your agent’s job to try to remove as much of that emotion for you as possible, and to point out the simple truths… over and over again if necessary.

Click here to see a flyer for this property: 10618 Edinburgh

When we meet with homeowners to discuss the potential sale of their home, one of the topics we cover is the question of “Where do buyers come from?”  The reason for discussing this topic is so that we all understand where our marketing emphasis needs to be.

The chart below is from the National Association of Realtors, and addresses this topic.

The list of the newest foreclosures in the Fredericksburg region is at your fingertips.  14 new foreclosure listings ranging in price from $79,900 to $349,900.  Your next home may be in this list.  If you see one you are interested in, give us a call to arrange a private viewing.

Click the link  below to see this week’s list.

Foreclosure List 10-21-2011

This weekend we’ll be holding an open house in our listing at 17241 Begonia Dr, Ruther Glen, Va 22545 on Saturday, October 22^nd from 1pm to 3pm.  If you’re in the neighborhood, stop by. We would love to see you.

If you know someone who’s looking for a 4 bedroom, 3 ½ bath home with 3400 square feet, feel free to forward this along to them.  Make sure you watch the video!  I hope to see you soon.

An editorial note from the video.  I reference the home as a corner lot… it is not.  It is next to an empty corner lot.

Click the play button below to watch the video

4BR/3.5BA, 3400 sq ft, 2 car garage

$285,000

OPEN HOUSE – SATURDAY – 10/22/2011 – 1PM TO 3PM