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Brenda Moore
Associate Broker
    Years of Experience: 9

    ABR - Accredited Buyer Representative
    GRI - Graduate Realtor Institute
    SFR - Short Sales, Foreclosures

Direct: 434-258-7670

Office: 434-525-6561

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Real Living Cornerstone
123 W. Third St
Farmville, VA
434-525-6561

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Posts Tagged ‘sales in virginia’

Contract Definitions For Your Use

Monday, June 14th, 2010

ADJUSTABLE-RATE (ARM) A mortgage that does not have a fixed interest rate. Based on market conditions, the rate can increase or decrease, affecting your payment.

ESCROW - Monies or documents held by a neutral third party before closing on a property.  It can also be an account held by the lender, set up for the payment of taxes or insurance.

FIXED-RATE LOANS – A mortgage that has a fixed interest rate throughout the life of the loan.  Repayment terms are generally 15, 20 or 30 years.

LOAN ORIGINATION FEES – A fee charged by the lender for processing a loan.

LOCK-IN – A written agreement setting a specific interest rate on a home loan.  The lock-in is typically good for a specific  time, usually 60 to 90 days.

POINTS – These fees are paid to the lender for the loan, usually in relation to the interest rate.  One point is equal to 1 percent of the principal amount of a mortgage loan.

PRIVATE MORTGAGE INSURANCE (PMI) – This fee protects the lender against a loss if a borrower defaults on the loan and is added to the monthly mortgage payment.  PMI is usually required if the down payment is less than 20% of the purchase price.

Looking for a Realtor who is going to go the extra mile with you?  Call me, Brenda Moore, ABR, GRI, REALTOR at 434-258-7670, REAL LIVING CORNERSTONE, FARMVILLE, VA. 23901.  Brenda serves the Lynchburg, Va. area and surrounding Counties.

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Can You Show Me A Listing That Is Not Your Listing?

Sunday, February 21st, 2010

Buyers need to know that they need representation!

 

Just about every week a buyer will call on one of my listings and ask questions about that particular listing.  Sometimes I am able to give that information and also get information about the buyer.  Sometimes the buyer is only interested in that particular listing and will not talk with me about anything else and sometimes will hang up on me.  I wonder why they would do that because I am a wealth of information for them at their fingertips.

Buyers need to realize that they need a buyer representative to take care of their real estate needs.  The  Realtor on the listing sign in the yard, represents the seller and their job is to take care of that seller.  When a buyer calls that Realtor for questions and wants to view that home they are entering into a dual representation with that Realtor if an offer is presented.  The Realtor becomes neutral to the buyer and seller.  Sometimes this works out fine as long as both parties are aware that the Realtor is limited to what they can say and do for the parties. 

It is best to have your own Realtor representing you in the transaction.  Your Realtor knows your needs and can negogiate with the other parties on your behalf.  They know what properties you are interested in; they have spent time getting to know you and your family, they know who you are using for your financing, they know how to negogiate to get you the best deal.  They help you through the home inspection issues and they go through the transaction with you all the way to the end and remain your advisor after the transaction.

How do I find that Realtor you ask?  Interview Realtors before you go out to view property.  Follow them on Twitter or Facebook for awhile and get to know them as a person and a professional.  Then you will be able to ask them to help you in your home search.  Build a relationship with them; you will be glad you did.  Not all Realtors are alike; some only want to get through the transaction; others want to do the best for their clients and become trusted advisors to them.  You need to be comfortable with your Realtor and trust their judgement.

Can I show you properties that are not my listing?  I get this questions so often!  Most certainly I can.  I pay dues every year to be a member of the Lynchburg Association of Realtors.  I pay dues to have a keypad that allows me to get into homes listed by other agents in the Lynchburg Association of Realtors Multiple Listing Service.  I have access to the Multiple Listing Service where I can search for the homes that meet your needs.  You can find me on Facebook; www.facebook.com/Brenda.d.moore; You can find me on Twitter; www.twitter.com/brendamoore.  You can email me at brenda.moore@realliving.com; you can give me a call and we can have coffee; 434-258-7670. 

I want to be your Realtor and your trusted advisor.  Call me today and let’s start that relationship!

Brenda Moore, Realtor, ABR, GRI
REAL LIVING CORNERSTONE – FARMVILLE, VA.
Serving Lynchburg, Va. and surrounding Counties
Licensed in the Commonwealth of Virginia
434-258-7670
brenda.moore@realliving.com

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What Renovations Can I Do To Help Sale My House?

Friday, February 5th, 2010

Adding Value to My Home for Not A Lot of Dough!

 

Many sellers ask me what they can do to their homes to help sell them.  When a person is getting ready to sell their home, most of the time they do not want to invest a lot of money into these renovations.  Here are a few things a seller can do that would only cost approximately $1000  or less.

Three rooms that most buyers look out when viewing a home that they are thinking about buying are the kitchen, the bathrooms, and the bedrooms. 

In the kitchen, the flooring is something that takes a continual beating.  You can consider the options of hardwood, bamboo, ceramic, vinyl and linoleum to spruce up your kitchen floor.  You would be surprised how a new kitchen floors makes a kitchen come alive.  Another idea would to replace a dishwasher with a newer, more economical one.  Something that I think spruces up a old sink is a new faucet.  One of my past clients changed their gold faucet to a brushed nickel one and boy what a difference it made in that kitchen.  Just such a simple thing to do and not expensive at all.

Now what about your bathroom; old dated tub or tile color?  These can be refinished with a neutral color and bring great returns to you as a seller.  What about a coat of paint or an in-stock replacement for your vanity cabinet?  Or if your cabinets are in good shape, maybe replace the top with granite and an under-mounted sink.  And once again, don’t forget the new bathroom faucets. 

Buyers are always looking in your closets in your bedroom.  The best thing to do here is clean them out and declutter them.  Maybe buy a new organizing system or by using shelves with bins and organizers.  A neat closet shows that space is not a problem.   How about adding a ceiling fan or replacing an old one with a new modern one.

I hope you have enjoyed these idea and will pass them on.

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Will There Be Another Housing Boom?

Tuesday, January 26th, 2010

Did you know that more wealth is created when you buy at the bottom of a real estate cycle instead of at the top of a cycle?

 

There is strong evidence that we are now at the bottom of the cycle.  It is time to get ready for the next boom.

Why do I feel this way?  Households continue to grow.  Our population continues to rise and they have housing needs.  It is expected that households will increase by 1.25 million annually over the next decade.

Have you heard of the Echo Boomers?  They are the off springs of the nation’s largest generation – the baby boomers.  This generation is larger then the baby boomer generation to the tune of 6 million more people than the baby boomers.

 
When supply is low, the demand is high!  Over the last few years builders have cut back on building and new homes are at a new low.  Over the next few years the demand for new homes is going to be in demand.   Based on annual household formations and approximately 300,000 home demolitions, we need between 1.3 – 1.7 million new homes built every year.  In 2008, developers only built 892,800 units.  The actual number for 2009 have not yet been released, but the estimate appears to be in the 500,000s.

Consider these booming factors – Markets are currently much closer to balance and Existing home sales are improving in the hardest hit states of Nevada, California, Arizona and Florida.

So, do I foresee a housing boom in the future?  Yes, I do.  I already see more buyers thinking about buying a home.  The first-time-home buyers are looking very hard at the extended first-time-home-buyer credit of $8000 and homeowners who have lived in their homes 5 consecutive years out of 8 in their present home are thinking about moving up or downsizing this spring.  It’s going to happen, people, and you do not want to not be a part of this wonderful time to buy or sell a home. 

Facts taken from Buffini and Company 2010.

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For Sale in the Boonsboro Area in Lynchburg, Virginia!

Tuesday, January 26th, 2010

113 Marvin Place, Lynchburg, Va. 24503 – $189,972

Sq ft – 2702, Built in 1993, MLS #257584

 

This home is being offered for sale with Real Living Cornerstone.  For your personal view, please call Brenda Moore, Realtor, at 434-258-7670.  We look forward to working with you as your buyer’s agent.

This vinyl sided cape cod home has many features that you will enjoy.  To name a few:

  • Upper level with master suite with a hugh walk-in closet, separate bath and a loft used as a sitting room.
  • The main level has a vaulted ceiling, living room with a fireplace, 2 bedrooms with a separate bath.
  • Eat-in kitchen with a large bay window that leads onto a large deck on the back of home.
  • Lower level is walk out and the basement has tons of light.  It boast a family room, playroom, office, great closet space, a full bath and the laundry room.
  • Detached garage, rear deck, lower patio and a paved driveway.

Recent Improvements – New roof and a new Trane 14 Sear Heat Pump.

Directions:  501 to left on Boonsboro, left on Overstreet, left on Marvin Place.  Home is on the right.

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Why Hasn’t My House Sold?

Tuesday, January 5th, 2010

Home Owners are Very Concerned When Their Homes Do Not Sell Fast!

Homeowners ask me why hasn’t my home sold?  What is wrong? Why haven’t I had a serious offer?  Why are people not looking at my house?  Should I go with a Realtor with a larger Company?

I tell my sellers to slow down; don’t panic.  Take a good look at the market in your area and make the most of it.  The market today is very different then a few years ago.

I tell my sellers that there are many options that buyers are looking at in their search.  Because of this competition, you have to be competitive, flexible, aggressive and do a better job of merchandising to generate leads. 

I tell my sellers to sit down with me and rethink the marketing plan.  There are a number of actions to consider to beat the competition.

PRICE – Reviewing your asking price is a very difficult idea. Getting fresh comparable sales in your area helps you evaulate what is going on with your home and sometimes answers the question, “Why aren’t we getting any action?”.  Check out the homes that are selling.  If your home is not properly priced, no other marketing plan will work.  There is a selling price for every property.  If the market is showing little interest in your home, the price is probably too high for this market.

TERMS – How flexible are  you?  Are you willing to negogiate lower offers? Are you willing to pay closing costs for a buyer?

MERCHANDISING – Are you offering any incentives?  Are you offering a Home Protection Plan?  A Home Protection Plan covers many important systems that can and do break down during the buyers first year of ownership.  Today’s buyers are picky and giving them something extra is a great idea.

APPEARANCE – Take advantage of your Realtor’s knowledge of what makes a house sell.  Ask your Realtor what you need to do to help you spiff up your house.  Paint, clip, cut, clean, deodorize, send to storage, toss out, caulk, mow, paper, cement, repair, add, scoop, weed, tear down, and scrub.  Little things add a lot.

ATMOSPHERE – Always leave the home and take the children and animals with you when your home is being shown.  Turn your radio on to quiet, soothing music.  Be very careful of cooking smells.  Turn on all your lights.  Keep the temperature of your home at a comfortable level. Straighten up before you go; pick up, wash dishes, make beds, etc. Help your Realtor present a warm, inviting atmosphere.  Curb appeal is very important.  I have had buyers not even want to go inside a house because they didn’t like the appearance of the outside of the home.  Make sure your yard is well landscaped and properly cared for.

For more information of how to sell your home, contact Brenda Moore, Realtor, Real Living Cornerstone at 434-258-7670 or email here at brenda.moore@realliving.com.  Serving all your real estate needs in Lynchburg, Va. and surrounding counties.

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Tips for Navigating the Virginia Housing Market

Wednesday, December 30th, 2009

How can a local real estate agent help you?

  1. Experience matters – With all the changes in housing over the last few years, you need an expert to help you with buying or selling a home.  Your local Realtor helps people every day – they can save you time, money and a hassle. 
  2. Transactions are more complicated – There are tax credits, short sales, foreclosures, good options for borrowers, and lots of incentives for buyers.  Your Realtor keeps up with all of these changes or knows how to get the information that you need.
  3. The right home is harder to find – There are not as many homes on the market as there were last  year.  Nationally, inventory levels have dropped about 12 percent from quarter 3 in 2008 to quarter 3 in 2009.  Sales for Virginia homes shot up 5.3 percent over the summer and 25 percent fewer new homes have been built this year.  With less inventory, you need a professional who will work hard to help you find the home for your needs.
  4. Knowledge – The market is changing for the buyer and the seller.  The median sale price of a Virginia home jumped 2.2 percent over the second quarter of 2009 – that’s an average of $28,000 per home.  Your Realtor knows your neighborhood and how to get the best deals for you.

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