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214 PAULETTE CIRCLE (WYNDHURST) SPACIOUS AND LOW MAINTENANCE / NEW PRICE!

214 Paulette Circle Lynchburg, Virginia 24502 (behind The Neighbors Place) This is a gorgeous custom built home that is larger than it looks from the outside! Offering ample living space with an open floor plan. Five bedrooms with a 6th room that could be utilized as another bedroom. This maintenance free living offers dining, shopping, YMCA, swimming, and so much more right at your front door. This charming neighborhood makes for convenient living. 214 Paulette Circle has been freshly painted, new hardwood floors, and landscaping. The windows throughout make this is a bright and cheery home to enjoy for entertaining guess, relaxing, and just a happy place to call home. Schedule your private showing today and don't miss out! Call The Lynchburg Team Lynchburg Real Estate Services Dawson Ford Garbee & CO. For additional Details (434) 879-3275 (434) 455-4777              

Samantha Mason

Samantha Mason

 

Top 10 Countertop Surfaces – Their Prices and Pros & Cons

Top 10 Countertop Surfaces – Their Prices and Pros & Cons Selecting a new countertop for your kitchen can be not only exciting, but also overwhelming, thanks to a wide variety of available countertop surfaces, thickness, and other options. Many homeowners are easily dazed and confused by the wide array of options. Many homeowners who have already been through the process of installing a countertop in their kitchen or bathroom will readily confirm that it’s not at all an easy choice!  Some of the top questions being asked by many of the “quality and cost” conscious consumers, have to deal with the cost of materials, their pros and cons, and labor or installation costs for most common surfaces including granite, Formica, quartz, marble, and the good ol’ laminate. What homeowners, especially the ones who’ve not previously faced any major remodeling decisions before, need to realize is that all modern countertops have their inherent strengths and flaws. It’s up to you to decide which particular factors and material characteristics are most important to you. Yes, it’s all about your wants and needs!  — Some of the main ones to consider are: durability, luster, heat resistance, maintenance, price and style. In this guide, will cover the top ten most common materials for countertop surfaces. We’ll give you the necessary information, so you can make an informed decision. | 1. Granite | 
| 2. Quartz | 
| 3. Solid Surface | 
| 4. Wood | 
| 5. Laminate | 
| 6. Concrete | 
| 7. Nanotech Matte | 
| 8. Glass | 
| 9. Stainless Steel | 
| 10. Soapstone  1. Granite For years granite has been one of the most popular surface choices among the US homes, owning to its natural beauty, durability, and ruggedness. It’s a natural stone, so every individual slab is 100% unique in its hue, pattern and shading.   Since each piece is different in appearance and size, many consumers will often have go to their local granite warehouse and select the actual pieces of granite that will go into their kitchen or bathroom. Each slice of granite is approximately 9 to 10 feet long and 5 to 6 feet wide. There are some places carrying granite slabs as large as 12 feet long for those extra long open-space kitchens. If your countertop is larger than this, the granite will need to be installed in pieces, thus resulting in seams. Pros: Durable Unique – One of a Kind! Scratch-resistant Stain resistant Heat resistant Water resistant (when sealed) Easily cleaned Variety of colors and patterns Cons: Expensive High maintenance Can break when exposed to excessive stresses during transportation or installation Price: Granite has an average material cost of $45-$100 per square foot depending on the size, pattern, and thickness of the slab. Although, some select species of granite can be as expensive as $150-$250 per square foot! It will be a grand total of $3,000 to $5,000 for an average 40 square feet granite surface installed. Tips: Save money by using a thinner slab of granite, or use granite tiles for a fraction of the cost. 2. Quartz Quartz can give granite a run for its money (especially considering the cost of higher-end granite) surfaces, with the durability and look of natural stone, minus the maintenance. It’s a very hard, impervious to water drops or moisture stone quarried out of the earth, ground into small pieces, mixed together in a sheet layer and held together in a resin as part of its manufacturing process. As with all countertops, it has some advantages and disadvantages.   Like granite it will have seams, but they will be less noticeable. Its consistent look and pattern allows the seams to blend more easily. Quartz is a nonporous material, so it doesn’t need to be sealed. However, it’s not completely heat resistant. A hot pot can be sat on the counter, but it can’t be left there for very long, as the heat will react with the resin and leave a burn mark! Pros: Durable More Flexible than granite, which makes it stronger and more tolerant to stress Available in glossy and matte finishes Non-porous Stain and crack resistant No sealing Wide range of colors Easily cleaned Antibacterial Cons: Not heat resistant Seams Price: $60-$100 per square foot. It will cost you in the range of $2,500 to $4,500 for an average 40 square feet granite surface installed. 3. Solid Surface An acrylic manmade product created by DuPont under the brand name, Corian. The seamless material provides a durable, hygienic and nonporous surface. Corian comes in a variety of colors, hues and patterns that can be designed to fit anyone’s style. Choose a stone pattern for a warm, traditional decor, white or black for a minimalist style or brighter colors for a more eclectic look. Custom colors are also available. Its look is consistent and lends itself to soft curving designs and integrating features like sinks, drain boards and backsplashes. Pros: Nonporous Stain resistant Easily repaired Seamless Customizable Several colors, patterns and finishes Quick installation Easily cleaned Cons: Not heat resistant Can be scratched and dented Not a natural material Price: $40-$90 per square foot 4. Wood Wood countertops have been used for hundreds of years. They’re unique, natural and add warmth to any space. Various types of wood and finishes can be used to fit different decor and lifestyles. For a traditional style use cherry, teak, yellow cedar, mahogany or white oak with an oil finish. For a modern or more carefree wood countertop, finish with a waterproof varnish. For an econ-friendly, rustic style, reclaimed wood can be used. Wood naturally contains enzymes which attack and kill bacteria, making it an excellent choice for the kitchen. Although it’s very durable, it’s not impervious to damage. While the thought of using the countertop as one long chopping block may sound convenient, it’s not advisable. It would cause scratches, chipping and damage to the surface. Other options are to have a separate chopping block or have one built in. Pros: Appearance Works with all designs Durable Gentle on glasses and dishes Heat resistant Recyclable Cons: Maintenance Requires special care Must be kept dry Not scratch and dent resistant Price: $50-$100 per square foot 5. Laminate Although it’s often scoffed at by natural material lovers, laminate is still a widely used countertop option. Not only is it budget-friendly, new designs are helping laminate make a huge comeback.   Manufacturers are teaming up with top designers to create amazing on trend designs.
For a fraction of the cost, you can have the look of marble, granite or wood. Or, if your tastes are more modern, you can choose to go with bolder, brighter colors and patterns. Pros: Cons: Price: $8-$20 per square foot     Budget-friendly Variety of styles Low maintenance Easily cleaned Stain resistant Laminate can crack, scratch and scorch over the years More difficult to repair 6. Concrete Concrete countertops, made from a general-purpose mortar mix, sand and pigments, are extremely durable. They add visual texture and color to any space. However, they are not for everyone. Although concrete is practically indestructible, its porous nature makes it easily stained. Sealing will help keep stains from soaking in completely, but they will have to be cleaned immediately. Over time the surface will develop a patina. Also, the hard surface can be tough on glasses, dishware and flatware when used in the kitchen. Pros: Cons: Price: $100-$150 per square foot Heat resistant Durable Customizable Recyclable Can be made to look seamless with filler Must be sealed High maintenance Stains easily Can absorb and retain moisture Hard on glasses and plates 7. Nanotech Matte Material The process of using nanotechnology has been around since the 1980’s, but it has only recently been used in building materials. Although it’s technically a thermo-laminate, nanotech matte material is in a class of its own. It’s soft to the touch, 500 times stronger than regular laminate material, self-healing, anti-microbial and anti-fingerprint. It comes in a variety of 14 decors – eight plain colors, three iridescents, two wood grains and one stone, all with a matte finish. It’s ideal for a minimalist or modern style. Though, some of the muted colors and patterns would easily work with a traditional style as well. Pros: Cons: Durable Anti-reflective Self-healing Scratch resistant Easily cleaned Resistant to acid solvents Smudge proof Heat resistant Water resistant Enhanced anti-bacterial properties Long lifespan (environmentally friendly and saves money) Limited color options Only available in matte finishPrice: $5 per square foot 8. Glass Glass countertops can be tempered, translucent or embedded into concrete. They can also be made from new or recycled materials and come in a variety of colors. It’s an excellent option for those looking for an environmentally-friendly alternative. The transparency of the glass adds depth to the surface. Like stone countertops solid glass comes in sheets. So there may be seams.   If the glass is embedded into concrete, sealing is required every six months. Glass is a dramatic and unique surface. It’s like having a piece of art as your counter top. Pros: Cons: Price: $50-$100 per square foot 9. Stainless Steel Chosen for use in commercial settings, stainless steel countertops are an excellent choice for those looking for a durable material. Virtually indestructible, heat resistant and easy cleanups make stainless steel the design choice for serious cooks. No need to worry about hot pots and pans being placed directly on the surface. Plus, the nonporous material prevents the harboring of bacteria and stains. However, this hardworking surface isn’t impervious to all damage. It can easily be scratched and dented. Also, fingerprints can be a problem.     Environmentally-friendly Visually appealing Easily cleaned Heat tolerant Non-porous (unless concrete is used) Customizable Can be scratched, chipped or broken Shows fingerprints Shows water spots Vulnerable to acidic substances Getting brushed stainless steel will help camouflage some of the wear and tear, but not completely. Of course, some homeowners will see the patina effect as an added charm!  Pros: Cons: Price: $75-$150 per square foot 10. Soapstone Soapstone is a natural quarried stone. Its name comes from the soft, or soapy, feel of its surface caused by the presence of talc in the stone. Durable Heat resistant Nonporous Low maintenance Easily cleaned Antibacterial Long lifespan Easily scratched and dented Shows age over time Shows fingerprints   It’s not as hard as granite, but it’s still dense and durable. Unlike granite, it’s nonporous, stain resistant and can stand up to acidic materials. This metamorphic rock comes in various shades of gray, blue and green with some marbling. Since it’s non porous it doesn’t need to be sealed and is virtually maintenance free. It’s heat resistant, but can be scratched. However, the scratches tend to add character to the stone, and can be easily buffed away with sandpaper if desired. Soapstone is an environmentally responsible choice. It’s a one-time investment that will not only outlive you, but will also look better as time goes by. Pros: Cons: Price: $60-$105 per square foot It’s important to remember there’s no such thing as the “best countertop surface”. There’s only the one that fits your lifestyle and design interests better than the others. Also, the pros and cons are just characteristics of each countertop. It only becomes a pro or con when you overlay those characteristics against your needs. Where to find a Pro: 150points.com – Instant Remodeling Contractor Recommendations, with their “Quality and Trust” Scores based on a proprietary 150 points scale looking at quality signals beyond reviews, with Instant project pricing details. Durable Heat resistant Water resistant Nonporous Low maintenance Ages well Scratches Limited range of colors Seams

Samantha Mason

Samantha Mason

 

DRONES USED FOR LUXURY REAL ESTATE COMBINED WITH VIDEO PHOTOGRAPHY WILL BE THE NEXT GAME CHANGER TO “INTENSIFY” REAL ESTATE LISTINGS

DRONES USED FOR LUXURY REAL ESTATE COMBINED WITH VIDEO PHOTOGRAPHY WILL BE THE NEXT GAME CHANGER TO “INTENSIFY” REAL ESTATE LISTINGS. Gone are the days real estate agents would rely on stand-alone images of a property to show off its best assets. Aerial photography will supply potential buyers a visual image of the neighborhood. Check out the video by Burns Eye View. This video highlights the neighborhood, the exterior of the property and the interior of the property. Most importantly the video sells a lifestyle in a way that static images can’t and can be an important tool for buyers working hard to find the best lifestyle for their budget. What the consumer wants the consumer expects!!! Economics 101, the consumer will always take the path of least resistance. Top producing agents already know how to “INTENSIFY” their listings, sale the lifestyle not the house. The first impression is the most important impression; real estate agents meed to make it count. No matter how good the interior of the home looks, buyers have already judged the home thru your listing before they walk through the door. You never have a second chance to make a first impression. “Be a closer not a seller; let the listing sale the property.”

Samantha Mason

Samantha Mason

 

LUXURY HOME NEAR RIVERMONT AND RANDOLPH COLLEGE

Beautiful luxury home off Link Road Near Randolph College and Rivermont Avenue New construction nestled just off one of the City's most desirable streets! 4 bedrooms, 3.5 baths, huge bonus room, screened porch plus deck. Overlooking pond. Huge walk-in closets. Main level master and 2 bedrooms plus 2 full baths. Two-car garage. Full unfinished basement allows room for expansion and already features a roughed-in bath. This home has all the upgrades throughout including granite or marble on all counter tops and hardwood floors. Fireplace in living room. Very desirable school district. Home is now complete (the driveway has just been installed), move-in ready and beautifully landscaped.
Bedrooms: 4
Bathrooms: 4.00
Sq Ft: 3022
Acres: 0.99 For additional details about this property send a text message to 54561 and put P24763 in the message field or call (434) 879-3275

Samantha Mason

Samantha Mason

 

Are You REALLY Ready to Buy? 9 Pros and Cons of Buying a House

Weigh the pros and cons of buying a house before jumping into the real estate market. Raise your hand if you’ve found yourself running the following dialogue loop in your head when trying to decide if you’re really (really) ready to buy a house. Homeownership is a never-ending time and money suck. But renting is like throwing your money down the drain. And, hey, you’re young! Why tie yourself down with a house? But other people your age own homes — shouldn’t you own a home by now? (And repeat.) Stop the one-sided, one-way conversation in your head and read these pros and cons of buying a house to decide what’s right for you. Pro: Ability to customize Hate the chintzy cabinets in your kitchen? Dying to turn that laminate countertop into a solid piece of granite? As a renter, you have limited ability to customize your surroundings. As a homeowner, you can make your home your canvas. Paint the walls, knock down a wall, create your dream kitchen — no one can tell you what you can or cannot do to your home. No one but yourhomeowners’ association, that is. Pro: Freedom to live how you want Want to foster dogs, own five cats, and have tunnels for your gerbils to navigate through your rooms? Go for it. Want to host a cookout on your deck? Start up the grill. As a renter, you’re subject to your landlord’s rules about pets, outdoor spaces, and other lifestyle choices. As an owner, you can do almost anything, as long as it’s legal and you don’t disturb the neighbors. Pro: Financial perks  Owning a home can help you build equity. You can also write off mortgage interest at tax time, get tax credits for certain improvements (such as energy-efficient windows), and turn your unused rooms into rental units for extra income. Pro: Fixed monthly payments  As long as you’re on a fixed-rate mortgage, your mortgage payments will remain steady (although in some cases, they could go up). But long term, as inflation kicks in, you’ll repay your mortgage in cheaper dollars over time. If you’re a tenant, unless you live in a rent-controlled area, your landlord can increase your rent anytime your lease is up for renewal. And if your lease is month-to-month, your landlord could legally raise the rent every 30 days. Still not sure which is the better decision financially? Try Trulia’s rent vs. buy calculator to get an objective second opinion. Con: Less flexibility If your circumstances or preferences change, you no longer have the flexibility to move quickly. As a renter, if you lose your job, realize you hate your neighborhood, or decide to move in with your significant other, you can move as soon as your lease expires (or plunk down whatever cash is necessary for an early lease termination). If you own a home, by contrast, you’ll have to endure extensive additional expenses, hassle, and stress to sell (or rent out) your home before you can move to your next spot. Con: Limited access to amenities When you move to a house, you may not be able to access top-quality amenities you were used to as a renter. You may be saying goodbye to that on-site gym and swimming pool and the valet trash service. Con: More responsibility As soon as a home is in your name, the maintenance and repair hassles are now your responsibility. That leaky faucet will no longer be magically fixed for you while you’re at work, and you’ll have to start making time to mow the lawn in the summer and shovel snow in the winter. Con: More financial pressure  Owning a home is a long-term financial responsibility. If you’re a renter and you’re hit with a financial hardship, you can move into a less-expensive rental. As a homeowner, you’re stuck with your mortgage (or you can try a refinance). If the idea of paying a mortgage for 15 to 30 years makes you hyperventilate, you’re probably not ready for homeownership. Con: Costly surprises As a homeowner, you face a lot of potentially expensive surprises, such as a roof that suddenly starts leaking or a sump pump that fails and lets your basement flood. As a renter, your biggest potential surprise expense is a rent hike when your lease is up for renewal — and if you don’t like the proposed rent increase, you can negotiate or move. So how do you know if you’re really ready to buy? In addition to the lifestyle factors listed above, take the time to thoughtfully answer these five questions. Where do you see yourself in three to five years? How long do you plan on living in the same town? How stable is your job? Can you afford a home you can “grow into” in the next decade? Are you prepared to sink a large amount of money into purchasing and maintaining a home, or do you have other financial goals you’d rather focus on?

Samantha Mason

Samantha Mason

 

Recap of July's economic news

Sales of new homes rebounded, as did consumers’ outlook on the economy, and lay-offs saw a decline. 

New Home Sales 

New home sales enjoyed a return to positive performance, with sales of new single-family homes in July hitting an annual rate of 507,000, according to last week’s joint report from the Census Bureau and the Department of Housing and Urban Development. This rebound was 5.4 percent over June’s performance and was 25.8 percent higher than July 2014’s performance. All told, July’s sales marked a seven-month high. 

New homes sold in July had a median sales price of $285,900, and an average sales price of $361,600. In terms of inventory, the estimated number of new homes for sale at the end of July was 218,000, which represented a 5.2-month supply at July’s sales rate. Economists continued to highlight the fact that housing inventory needed to increase in order to contain prices and shore-up sales volume.

"Inventory is expanding relative to year-ago levels in each region of the country, particularly in the Northeast,” wrote IHS Global Insight Economists Patrick Newport and Kristin Reynolds in a public report. “But new home inventory is still relatively tight, especially relative to existing single-family home inventory.”

Consumer Confidence 

New home sales weren’t the only economic metric to see a turnaround. The Conference Board reported last week that its Consumer Confidence Index for August grew to 101.5 from 91 in July (a baseline of 100 was set in 1985). This was the index’s highest score since January 

The Present Situation Index, which measured how consumers feel about current economic conditions, grew from 104 in July to 115.1 in August. The Expectations Index, which gauges how respondents feel about the economy’s short-term prospects, improved to 92.5 from 82.3 in July. 

Notably, The Conference Board reported that consumers were more positive about the job market, with those declaring that jobs were “plentiful” growing from 19.9 percent in July to 21.9 percent in August, and those claiming jobs were “hard to get” declining from 27.4 percent to 21.9 percent. 

“If this upbeat sentiment is sustained, then it could potentially provide a strong platform for a sustained upswing in consumer spending activity, which could provide a strong tailwind for the economic recovery going forward,” TD Securities Deputy Chief Economist Millan Mulraine told the New York Times

Initial Jobless Claims 

Speaking of the job market, lay offs were down, with first-time claims for unemployment benefits filed by the newly unemployed during the week ending August 22 dropping to 271,000, a decline of 6,000 claims from the preceding week’s total of 277,000, the Employment and Training Administration reported last week.

The Administration’s four-week moving average, considered a more stable measure of lay-off activity, notched up to 272,500, an increase of 1,000 claims from the prior week’s average of 271,500.

Katherine Farber

Katherine Farber

 

Millennials and Home Buying

Homebuying Millennials             Who is in the next up-and-coming block of first-time homebuyers? It’s Generation Y, the Millennials, born between 1980 and 1995. Until recently most stories involving Millennials and homebuying discussed how this age group was staying away from the housing market, but a March report from the National Association of Realtors found that they are now the biggest group of homebuyers, at 32% of all buyers. 

The Government Wants People to Buy Homes 
And to encourage that, they’ve made it a bit easier to do so. Fannie Mae and Freddie Mac offer a 97% LTV program for first-time buyers — that means only a 3% down payment, and that money can come from a gift. 
The 3% down program is now in competition for clients with the FHA’s 3.5% down payment program. This is actually a long-standing offer for first-time buyers, made sweeter this year by the reduction in annual mortgage insurance premiums, ultimately making homebuying less expensive. Plus, FHA loans accept credit scores as low as 580 (and possibly lower, for a higher down payment). So there are several programs for Millennial first-time homebuyers to choose from. 

But What Do Millennials Want in a Home? 
Location, location, location. The location of the home can be almost more important than the features of the home itself. These twenty- to early thirtysomethings consider the home’s neighborhood and its proximity to their place of employment to be just as critical as the number of bedrooms. Consider both walkability and access to public transportation when working with this group. 

Less space but the right space. Bigger is not better; many Millennials spend little time actually in their homes, which means a smaller property is just fine for them. Because of this, it’s important that spaces in the home have multifunctional purposes. Smaller spaces are also easier to repair and keep clean, which works well with this generation’s desire to minimize upkeep and spend more time enjoying life. 

It’s not forever. Millennials aren’t getting attached to homes like older generations did; they look at them as a stepping stone and an investment. They don’t plan to stay in the home they’re buying now for more than five to seven years, in most cases (think repeat customer!). A first home is a chance to increase their credit scores and build their borrowing profile for the next property purchase. To these young homebuyers, a home is an investment: Keep this in mind as you work with your clients. 

In a Nutshell 
Lower credit scores and less cash for a down payment, but a high motivation factor and a willingness to start small and buy up over time are the general characteristics of the Generation Y homebuyer. Of course, another characteristic of this group is its dislike of being pigeonholed or profiled, so in order to succeed with this clientele, you need to be flexible and able to keep up with changing tastes and technology.  Content of this blog post was provided by movement mortgage.   

Katherine Farber

Katherine Farber

 

Wonderful Investment Opportunity and Family Home! Beautifully Updated on Corner lot off of Rivermont Avenue!

GREAT INVESTMENT! 
217 Charlotte Street Lynchburg you can send a text message to 54561 and put P24833 in the message field for MORE details! Move In Ready - Newly renovated adorable cape-cod home located in Lynchburg 24503 area. Like new construction with a fresh and bright kitchen, beautifully tiled bath rooms, and gorgeous hardwood floors for easy cleaning. Stainless steel appliances are offered with the purchase. Rocking chair front porch to enjoy a cup of coffee in the morning while watching the neighborhood or a nice glass of sweet ice tea on a hot summer day. This street offers sidewalks perfect for children to ride their bikes, play with their chalk, and safe to enjoy family walks together. This home has it all, so call your agent today to schedule your private showing.www.thelynchburgteam.com

Samantha Mason

Samantha Mason

 

Great First Time or Investment Property!

Don't miss out on this great property. Perfect for your first home or as an investment property. Convenient location, lots of storage and well maintained home. This home offers great outdoor space, ideal for you children and dog! More Pictures to come next week - schedule your private showing today with your Realtor!

Samantha Mason

Samantha Mason

 

Luxury Home Near Link Road, Rivermont and Randolph College

New construction nestled just off one of the City's most desirable streets! 4 bedrooms, 3.5 baths, huge bonus room, screened porch plus deck. Overlooking pond. Huge walk-in closets. Main level master and 2 bedrooms plus 2 full baths. Two-car garage. Full unfinished basement allows room for expansion and already features a roughed-in bath. This home has all the upgrades throughout including granite or marble on all counter tops and hardwood floors. Fireplace in living room. Very desirable school district. Home is now complete (the driveway has just been installed), move-in ready and beautifully landscaped.

Samantha Mason

Samantha Mason

 

Spacious 5 bedroom Maintenance Free Home in Wyndhurst!

$349,900, 5Bd/4Ba Single Family House, 3905 sqft.     THE LYNCHBURG TEAM, REAL ESTATE SERVICES | Dawson Ford Garbee &Co. | 434-879-3275 114 Paulette Circle, Lynchburg, VA 24502 Wonderful SPACIOUS maintenance free home in Beautiful Wyndhurst Community! 5Bd/4Ba Single Family House   $349,900 Year Built 2006 Sq Footage 3905 sqft. Bedrooms 5 Beds Bathrooms 4 Baths Floors 2 Laundry In Unit Lot Size 0.16 Acres  DESCRIPTION This is a gorgeous custom built home that is larger than it looks from the outside! Offering ample living space with an open floor plan. Five bedrooms with a 6th room that could be utilized as another bedroom. This maintenance free living offers dining, shopping, YMCA, swimming, and so much more right at your front door. This charming neighborhood makes for convenient living. 214 Paulette Circle has been freshly painted, new hardwood floors, and landscaping. The windows throughout make this is a bright and cheery home to enjoy for entertaining guess, relaxing, and just a happy place to call home. Schedule your private showing today and don't miss out!   Lynchburg see additional photos below Unit Features - Living room - Dining room - Walk-in closet - Master bath - Family room - Storage space - Breakfast nook - Pantry - Office - Basement - Sun room - Range / Oven - Refrigerator - Dishwasher - Microwave - Garbage disposal - Balcony, Deck, or Patio - Yard - Heat: forced air - Central A/C - Cable-ready - Hardwood floor - Tile floor - High / Vaulted ceiling Community Features - Shared pool - Fitness center - Clubhouse - Garage - Attached ADDITIONAL PHOTOS Contact info: THE LYNCHBURG TEAM, REAL ESTATE SERVICES Dawson Ford Garbee &Co. 434-879-3275 For sale by Agent/Broker Posted: Aug 31, 2015, 10:55am EDT  

Samantha Mason

Samantha Mason

 

5 Secret Sources of Downpayment Money for Your Home!

Having a healthy amount in your savings account could lead to greater financial security even after you purchase your home.
The down payment: It’s the biggest test of our ability to save money most of us will ever face, and one that stands between us and our ability to become a homeowner. It can be tricky, but down payments can be seen as an opportunity and less of an obstacle. The more money you have to put down, the more choice you’ll have in terms of purchase price range and monthly payment amount. And building a little cash cushion will definitely give you piece of mind once you’re in your home. Here are a handful of lesser-known sources for boosting your down payment stockpile. 1. Lean on your city Gone are the times when nationwide programs allowed for the zero-down loan, the federal homebuyer tax credit, and the use of tax credit funds toward down payment and closing cost requirements. Where have all the down payment assistance programs gone? Local. The best programs of this sort are now largely operated by local governments, primarily cities and counties — and the rules for qualifying vary widely. Some operate exclusively for buyers with low or moderate incomes; others are dedicated to helping first-time homebuyers. Many of these programs have a limited pool of funds that may run out over the course of the fiscal or calendar year, and almost all of them require buyers to jump some major hoops, such as completing homeowner education classes and choosing a home that meets specified criteria. Some state and local programs in areas that were particularly hard-hit by the 2008 recession also offer bonuses for buyers who agree to purchase a bank-owned home or a property in a designated economic recovery zone. Google your city, county, and state websites, and look for links for residents, housing, or homebuyer assistance to find these programs. And be sure to trust only websites that end in .gov — scammers posing as governmental agencies abound. Local real estate agents and mortgage brokers often know the ins and outs of these programs too. 2. Get by with a little help from your friends (and relatives) Most mortgage programs will allow for some portion of your down payment to come in the form of “gift money,” which is exactly what it sounds like: money someone gives you to help you buy a home. And while gift money may sound great, taking gift money from a relative can create relationship issues or come with emotional strings attached. It also typically comes with lender strings attached. Lenders frequently require that gift money be accompanied by a letter that clearly states the money is a gift, not a loan. The lender may also want to see a bank account statement from the giver proving that the money was theirs to give. Most may think of gift money as large gifts allowable exclusively in the context of a familial relationship, but some programs allow any general well-wisher to contribute any amount to your cause, whether or not they are a relative. The FHA Bridal Registry program allows couples to open a down payment registry account with their lender and to deposit checks into that account from anyone who wants to contribute to helping a couple become homeowners. 3. Ask your employer Universities and municipal departments that employ first responders such as police and firefighters frequently make down payment and other home-buying assistance programs available to staffers. Large employers or even smaller companies seeking to lure top-level recruits do something similar: relocation assistance programs. Check in with human resources to explore whether any such assistance is available — and if you happen to find yourself a hot prospect on the job market, consider trying to negotiate relocation or down payment assistance into your offer package. 4. Tighten your budget Get gut-level real with yourself about what’s truly important to you. If the answer is buying a home, then it’s time to examine your spending and look for the leakage you can stop up. That’s cash you can redirect to your down payment savings. If you spend $20 a workday on oatmeal and coffee at breakfast and your takeout lunch, that’s at least $400 per month — almost $5,000 a year you could be saving. And those numbers are not inflated to reflect big-city prices. Nor is the $100-a-month cable bill, the $15 yoga class, or the $2,000 vacation. Instead, bring your lunch from home, stream TV shows and movies online, and rally your friends to take a workout class together from one of the streaming sites you’re paying for. Cut hotel costs by renting a private room or small apartment on a site such as VRBO or Airbnb. The key is to click out of money-spending autopilot and to transfer the saved money into a separate down payment savings account. 5. Borrow from yourself There are situations in which it may make sense to borrow a few thousand dollars from yourself via your 401(k) or IRA. Some retirement accounts allow you to borrow against or pull out funds, penalty-free, to apply them toward your down payment on a home. Is it advisable for everyone, in every situation, to deplete their 401(k) or IRA to plug that cash into a house? Absolutely not. But if getting your down payment to the 20% mark by borrowing from your 401(k) gets your mortgage interest rate down and allows you to repay that cash to your own retirement account (versus to your mortgage lender) with interest, you and your financial adviser might agree that this move is right for you. How have you come up with down payment money? Yard sales, consignment stores, selling online? Share with us: contact@thelynchburgteam.com   
Tara-Nicholle Nelson
Tara-Nicholle Nelson is a real estate broker, attorney, author of two real estate guides for women, and a nationally syndicated real estate columnist. She's also a farmer's market addict, mom to two Chin/Pugs, and an Ashtanga yoga practitioner.

Katherine Farber

Katherine Farber

 

Great Home in Appomattox County First Time Home Buyers!!!!

$88,500, 3Bd/1Ba Single Family House, 982 sqft.     THE LYNCHBURG TEAM, LYNCHBURG REAL ESTATE SERVICES | Dawson Ford Garbee & Co. | 434-879-3275 278 Dogwood St, Appomattox, VA 24522 BEAUTIFULLY UPDATED HOME APPOMATTOX CO. 100% FINANCING 3Bd/1Ba Single Family House   $88,500 Year Built 1972 Sq Footage 982 sqft. Bedrooms 3 Beds Bathrooms 1 Bath Laundry In Unit Lot Size 0.34 Acres  DESCRIPTION Calling all First time home buyers: this homey 3 bedroom ranch style home conveniently located in the town of Appomattox, close to 460 and only a 20 minute drive to Lynchburg. Home has a nice attached garage with door opener, large flat backyard, 3 full bedrooms, & a cozy living room, kitchen, & dining area. This home has a newer heat pump/air handler (2012) and shower was just professionally reglazed. This home qualifies for 100% financing. Call your Realtor today to schedule a private showing of this great investment!   Appomattox see additional photos below ADDITIONAL PHOTOS Contact info: THE LYNCHBURG TEAM, LYNCHBURG REAL ESTATE SERVICES Dawson Ford Garbee & Co. 434-879-3275 For sale by Agent/Broker Posted: Jul 22, 2015, 10:50am EDT  

Samantha Mason

Samantha Mason

 

Great Home! In Appomattox County qualifies for 100% financing

$119,000, 5Bd/2Ba Single Family House, 2808 sqft.     THE LYNCHBURG TEAM, LYNCHBURG REAL ESTATE SERVICES | Dawson Ford Garbee & Co. | 434-879-3275 185 Pecan St, Pamplin City, VA 23958 FIVE BEDROOMS TWO FULL BATHS in APPOMATTOX COUNTY! 5Bd/2Ba Single Family House   $119,000 Year Built 1920 Sq Footage 2808 sqft. Bedrooms 5 Beds Bathrooms 2 Baths Floors 2  DESCRIPTION Located in Historic Pamplin City,in Historic Appomattox County! Built in 1920, enjoy the genuine feel of this arts and crafts bungalow style home. The owner has lovingly cared for this grand home complete with original doors glass door knobs, picture rail throughout many rooms including the spacious bedrooms, carved wall corners, beautiful wide baseboards and 1'' wide hardwood floors. A spacious 5 bedroom home with a main level bedroom, 2 full baths, a mud room and walk in pantry just off the kitchen. There are original French doors separating the formal living and dining rooms. The cellar is old and dark (like most cellars) but is accessible from inside or outside and there's even an old coal shoot door. Complete with rocking chair front porch, goldfish pond and ancient landscape such as the most glorious magnolia.   Pamplin City see additional photos below ADDITIONAL PHOTOS Contact info: THE LYNCHBURG TEAM, LYNCHBURG REAL ESTATE SERVICES Dawson Ford Garbee & Co. 434-879-3275 For sale by Agent/Broker Posted: Aug 3, 2015, 11:23am EDT  

Samantha Mason

Samantha Mason

 

Beautiful Home Between Charlottesville and Lynchburg on 29

$599,000, 5Bd/3.5Ba Single Family House, 3208 sqft.     THE LYNCHBURG TEAM, REAL ESTATE SERVICES | Dawson Ford Garbee &Co. | 434-879-3275 19281 Thomas Nelson Hwy, Faber, VA 22938 Beautiful Brick Home on 10 Acres in Faber, Virginia 5Bd/3.5Ba Single Family House   $599,000 Year Built 2000 Sq Footage 3208 sqft. Bedrooms 5 Beds Bathrooms 3.5 Baths Parking 4+ Garage Lot Size 10 Acres Website www.thelynchburgt...  DESCRIPTION This Gorgeous solid brick colonial home is situated on 42 acres. Convenient to 29 North offering easy access to both Charlottesville and Lynchburg. Enjoy country living and relax on the rocking chair front porch while looking out at the breathtaking mountain views. The land offers landscaping and stream that feeds into a large pond that has a center island and a bridge for quite strolls in the evening to unwind from your long days. This home is a custom built home that offers a main level master suite with his and her walk in closets and a master suite upstairs. The large bedrooms offer plenty of room to utilize to your specific needs. Magnificent hardwood floors throughout the home offer for low maintenance cleaning. As you enter in your are greeted with a grand foyer entrance with a parlor sitting room, perfect for entertaining. This home offers a three car garage and guest cottage, with full bath, bed, and kitchen. Owners are willing to sell less acreage or more acreage or just land.   Faber see additional photos below ADDITIONAL PHOTOS Contact info: THE LYNCHBURG TEAM, REAL ESTATE SERVICES Dawson Ford Garbee &Co. 434-879-3275 For sale by Agent/Broker Posted: Jul 13, 2015, 10:47am EDT  

Samantha Mason

Samantha Mason

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