Posts with tag 'First-time Buyers'
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Summer Market Update
Summer Market Update
Central Virginia is still buying and selling in Summer 2020! June had thousands of transactions and we're seeing higher home prices as time goes on. Even the average price has increased since June 2019. Watch our latest video for all the latest numbers.
Contact Napier Realtors ERA for your buying and selling needs.
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Summer 2020 Market Update
May & June are going strong in Richmond's Real Estate Market
It's a GREAT time to list your home in Central Virginia because home inventory is low and prices are rising.
The real estate market in our area continues to be extremely active and in the month of May alone, 2,513 homes were listed, and 1,952 homes were successfully sold!The average sales price in our area was $300,826 in May 2020 compared to $288,203 last May – more than a 4% increase!
If you've been putting off listing your home, this could be the perfect opportunity to contact a Napier ERA sales professional, who can give you an accurate assessment of what you can expect in your market.
Contact Napier ERA today to get started!
18
Spring Market Update
Central Virginia is still buying and selling in Spring 2020! April brought us over 4000 transactions – and May is going strong!
Keep up with all the latest Richmond housing news when you Subscribe to our YouTube Channel and Like Us on Facebook
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Open vs Closed Floor Plan: How to Choose the Right One for You
Home design trends are fun to stay updated on, which is why there are so many TV shows dedicated to highlighting them! But seeing a trend take shape on a home renovation show is different from considering it as a prospective homeowner. Open floor plans have cycled in and out of fashion for quite a long time, and according to The Spruce, the most recent trend started in the 1990s. If you're considering homes built after 1950, you'll probably see a few open floor plans among the
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Real Estate Terms: Pre-qualification vs. Pre-approval
Our REALTORS® know getting a mortgage on the best terms is something all buyers think about. That's especially true of first-time buyers! When you're exploring the best Richmond homes for sale, sound financing means peace of mind.
Luckily, the mortgage process is a lot easier than it seems at first!
The more you know, the simpler it is to get a mortgage loan you can be happy with. We'd like to address one of the most common questions about home financing our team gets: The difference between pre-qualifying for a loan versus receiving pre-approval.
Pre-Qualification and Pre-Approval: What's the Difference?
When it comes to getting a great home loan, starting sooner makes life easier.
Prequalification and preapproval are steps you take to smooth the path to your final loan package. You can think of one of them as the trial run, while the other is the "real deal."
Pre-qualifying can happen in a matter of minutes the first time you talk to your lender. You discuss your finances and get a ballpark estimate for what loan amount you can expect. It's not necessary to document your income, and you're not committing.
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