Monday, March 30, 2009
Berkeley Springs WV home for sale
This listing is for a client who I have known for many years. I actually sold him this home back new in 2007. It was built by a small local builder who was very meticulous with his craftsmanship. Cedar sided home with a very open floor plan, surrounded by mature trees- It's in the woods. If you are looking for a well built home with TONS of privacy this is it.
Monday, March 23, 2009
Home with 3.3 Acres in Augusta WV
This week I've listed a new property in West Virginia. This is really a well taken care of home in Augusta/Hampshire County. The family has recently made several major upgrades and improvements to the home. Lots of the "big ticket" items have been replace over the last five years. This home is approximately 2.5 miles of of Rout 50 and has a very private feeling even though it has neighbors close by. Check out the video below, I have more photos on my website along with documents. Go to http://www.drewvanlaeken.com
Monday, March 16, 2009
Weekly Mortgage Update
Every week I receive several e-mails from local Mortgage lenders with market updates. This is from Troy Binmgan at Alcova Mortgage here in Winchester.
First - Time Homebuyer Tax Credit
My wife and I bought our first home in 1997. Back then there was no "creative" ways to finance a home, no 80/20 options. You had to have 20% down payment, if not then you could possibly get a 3% or 5% option but you would need to pay mortgage insurance fees. Interest rates were around 7%-8% -not bad for the time, actually everyone thought those were great rates. Now, the average home price was probably closer to $150k compared to $220k today but it's been almost 12 years. Interest rates today are between 5% & 6% the 80/20 options are gone (thank goodness), but you can still get conventional 30 year fixed rate mortgages and pay the mortgage insurance just like I had to do back in 97' One thing I did not have was the new first-time homebuyer tax credit. What a great deal. I wish I could somehow be a first time homebuyer today. How can an additional $8,000 in your pocket not make it a great deal. I've read up on this tax credit and broken down the details in a short video. Check it out, follow link below.
Subscribe to:
Posts (Atom)
