5350 Discovery Park Blvd.

Williamsburg, VA 23188

757-254-4354

hollymiller@lizmoore.com

All posts tagged buying a home in williamsburg

The 37th annual Pork, Pine and Penaut festival is this weekend from 10 am until 5 pm Saturday and Sunday at Chippokes Plantation State Park in Surry.  Come and enjoy our regions finest resources. Fun for the whole family including live music, arts and crafts, petting zoo, BBQ cookoff, tractor pull,

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15-year loans have been below 3 percent for 7 weeks

By Inman News®, Thursday, July 12, 2012.

Mortgage rates broke records again this week as fears that the European debt crisis will slow the global economy had investors moving money out of stocks and into safer investments like Treasuries and bonds that fund most mortgage loans.

Rates on 30-year fixed-rate mortgage averaged 3.56 percent with an average 0.7 point for the week ending July 12, down from 3.62 percent last week and 4.51 percent a year ago, Freddie Mac said in releasing the results of its weekly Primary Mortgage Market Survey. That’s a new all-time low in Freddie Mac records dating to 1971, and rates on 30-year loans have now been below 4 percent for 16 consecutive weeks.

For 15-year fixed-rate mortgages, rates averaged 2.86 percent with an average 0.7 point, down from 2.89 percent last week and 3.65 percent a year ago. That’s also an all-time low in records dating to 1991, and rates on 15-year loans have been below 3 percent for seven weeks.

Rates on five-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) loans averaged 2.74 percent with an average 0.6 point, down from 2.79 percent last week and 3.29 percent a year ago. That’s an all-time low in records dating to 2005.

For one-year Treasury-indexed ARM loans, rates averaged 2.69 percent with an average 0.4 point, up from 2.68 percent last week but down from 2.95 percent a year ago. Last week’s rate for one-year ARMs was an all-time low in records dating to 1984.

A separate survey by the Mortgage Bankers Association showed that while demand for purchase loans was up a seasonally adjusted 3 percent during the week ending July 6 compared to the week before, purchase loan applications were down 3 percent from a year ago  Read More

Holly Duke Miller is an Associate Real Estate Broker with Liz Moore and Associates in Williamsburg, Virginia.  She is also a certified Senior Real Estate Specialist or SRES®.  She specializes in homes for sale in Williamsburg, James City County, York County, New Kent County, and surrounding areas.  She offers full service real estate support to both buyers and sellers of Williamsburg area homes and land.  As a native to the area, Holly is very knowledgeable about the local market and takes pride in helping each and every client reach their goals.  Whether you are considering buying a home in the Williamsburg area or have a property to sell, she looks forward to working with you.  Please contact her anytime at 757-254-4354 or email her at hollymiller@lizmoore.com for all of your Williamsburg and surrounding area real estate needs.

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Statistics show that most homebuyers today start their search on the internet.  Photos can make the difference whether a potential buyer decides to take a look at your home or not.  The quality of the photo is important, but what is in the photos is of equal importance.  First and foremost, your home must be clean.  A cleared space will be much more attractive in a photo, than clutter.  Clutter and messy spaces will almost always make the spaces look smaller and not nearly as functional.  Make sure beds are made, dishes are put away, trash bins are emptied, and glass and mirrors should sparkle.   Clutter may also give a buyer the impression, that there is not enough room or storage in a particular home.  Interior photos should be light and bright.  This will make the home appear cheery and inviting.  Exterior photos can be taken at different times during the day.  While a good sunny shot can make a home look beautiful, twilight pictures can deliver a very dramtaic effect.  I suggest  experimenting with what works best for your home.  Another idea that many people do not think about, is using photos of special events or simply family fun in your home.  Think about why you fell in love with your home in the first place and attempt to translate this to a buyer.  For example, if you have a great home for entertaining, use a shot of a dinner party showing guests enjoying themselves.  You could use photos of the kids playing in the backyard, or wildlife photos if that is one of the things you have enjoyed about your home.  I think these types of photos can be very effective and can leave an impression on a potential buyer.  This can make your home stand out among your competition.  If you are thinking about selling your home, make sure your agent includes great quality photos.

 

Holly Duke Miller is an Associate Real Estate Broker with Liz Moore and Associates in Williamsburg, Virginia.  She is also a certified Senior Real Estate Specialist or SRES®.  She specializes in homes for sale in Williamsburg, James City County, York County, New Kent County, and surrounding areas.  She offers full service real estate support to both buyers and sellers of Williamsburg area homes and land.  As a native to the area, Holly is very knowledgeable about the local market and takes pride in helping each and every client reach their goals.  Whether you are considering buying a home in the Williamsburg area or have a property to sell, she looks forward to working with you.  Please contact her anytime at 757-254-4354 or email her at hollymiller@lizmoore.com for all of your Williamsburg and surrounding area real estate needs.

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