Woodbridge, VA

Woodbridge Virginia Real Estate News

Woodbridge VA Homes For Sale At Affordable Homes For Folks Who Want To Move Up

You Can Get Large Homes At Low Prices

"Hey Mr Erick, Where Are The Bargain Homes This Year?"

I reply, "The $500,000 - $800,000 Luxury Homes."

The numbers are compelling IF you bought your home in the 1990's, you did not take a huge chunk of your 2004 equity out of your home with a Home Equity Line Of Credit (HELOC), nor did you get a "cash-out" refinance at the top market.

Watch this short video clip.  After you watch the video, you'll be prepared to grasp the numbers.

You may be the ideal candidate to sell your home fast, for top dollar, and move up to the luxurious "Big House" you couldn't afford.

Luxury, executive style homes that SOLD new for $750,000 in 2005, are selling in 2010 for $525,000 - $550,000... same as the peak value of your present home.  

You are "above water", as compared to folks who are "under water. 

You are above water if your home's value in 2010 is higher than the balance owed on your mortgage, while the poor schmuck who used a zero-down loan in 2005 deep under water, because home values are 30% below 2005 values.

For example, you bought your home in January, 1997, for $256,000, put down 10% ($25,600), financed 90% ($230,400) at 6.0% on a 30-year loan.  

Fast forward to 2005, when your home value peaked somewhere around $525,000 - $550,000. 

Friends and neighbors were sucking gobs of cash out of their homes with sky-high HELOC's; buying big boats, Harley's, lavish vacations, Escalades, and Corvette's.

Others used the cash to finish their basement, add a sun room, remodel/update the kitchen and baths.

You resisted your neighbor's urge to harvest gobs of equity with a huge HELOC.  Okay, so maybe you got an interest-only $25,000 HELOC to finish the basement, and buy shares of Apple Computer stock.    

Your mortgage balance in January, 2010, has amortized down to $210,252, and let's pretend that you paid your HELOC down to $5,000 in January.  Your combined pay-off is $215,252.

You paid $256,000; you can sell it now for $368,000; your gain on investment is $112,000.  Your home value is still up $112,000 from the price you paid.

But wait, it gets better...

Your total loan balances are paid-down to $215,252.   You have $152,748 of equity in your home.

Here is where your life could get exciting!! 

You could sell you present home at today's market value, go buy your Dream Home you couldn't afford when the price was $800,000 for today's $550,000 price, make a 20% down payment of $110,000.... you would get a $440,000, 30 year home loan with a lower interest rate.

 

You can find out how you can turn your Dream Home into a dream-come-true when you sit down with your Family Realtor to explore the possibilities.

If you do not have a Family Realtor, you are most welcome to visit with me on the phone: 703-590-2252.  If you like what you hear, you can find out from me what to do next to make your Dream Home your next home, right now. 

 

 

Opportunities Are Everywhere...We Can Help You Find Your Dream Home.

 

Erick Blackwelder or Peggy James of Erick and Company - Exit 1st Choice Realty, Woodbridge VA. Realtors®, call 703-590-2252  list your property for sale or to  purchase a property in Lake Ridge, Westridge, Old Bridge Estates, River Falls, Middle County, Cannon Bluff, Meadowbrook Woods, Blooms Crossing, Manassas Park, Beaver Creek, Hunter's Ridge, Brittany,  Manassas, Montclair, Dumfries, Occoquan, Dale City, Nokesville, or anywhere in Prince William County.

Equal Housing Opportunity

 

Real Estate News About Woodbridge Virginia Secrets To Buying And Flipping Luxury Homes

Find Out How Realtors And Lenders Buy And Flip Luxury Homes At A Profit

Find Out How Industry Insiders Make Big Bucks Flipping Million Dollar Luxury Homes

Here's the secret industry insiders use to buy and flip luxury homes: WE DON'T DO IT!!

I received an unsoliced (SPAM) offer by email today, promoting luxury home flipping. Here is a portion of the message that sounds like a fast track to easy money:

"That means you acquire these homes well below wholesale prices and you flip them to end buyers quickly below market value and keep 10%-20% of the sale price (using none of your own cash or credit because they're short sales)."

"...wholesale prices..."??? There is no such thing as a wholesale market, unless Sam's Club or Costco just opened a new kiosk.

The industry insiders know that "flipping" houses at a profit sounds good, but the fact is, it's too good to be true.

Another quote that may sound delicious to you, but I know from a ton of experience selling short sales, that the following is total Bravo Sierra.... BS...

"(using none of your own cash or credit because they're short sales)."

That statement is false. Geez, if banks would sell me a luxury home, below market, with no cash or credit, I'd buy them.

You need 20% - 25% down because it is an investment property. That figure is standard among lenders.

Moreover, "...because they're short sales)." is total nonsense. "No down payment", has as much in common with "because it's a short sale", as a fish has in common with a bicycle.

People inside the business see and hear the sad tales of misery and sorrow from "flippers" who woke up one morning with a flipping seizure, heck-bent on making money flipping a house.

It just does not work.

If flipping $Million luxury homes was such a good idea, you could bet we insiders would be buying and flipping.

We don't.

Why? It is a fast, easy way to lose tens of thousands of dollars.

Now here comes the sales pitch for a slickee-boy salesman who wants to separate you from your money:

"This Wednesday at 9PM ET, we're going to introduce you to the EXPERT in luxury home short sales. His team of negotiators handle all of our luxury home short sales and his team will negotiate your short sales too."

Now comes the phrase that creates a sense of urgency for you to sign-up:

"But he can only work with a limited number of investors. You must be on the webinar to find out how to partner with him."

Did you notice that they intentionally left the NAME of the "EXPERT" out of the ad. Why? Because if they
mention his name, and you Google him, you'll find out he's a crook, ready to steal your money.

"This is an extremely hot topic and this webinar is filling up faster than any webinar we've ever done. Register here while we still have some seats available."

Folks, buying and selling short sales in today's market is a horrible, miserable, time-consuming experience that sucks the air out of the room, leaving you in agony.

As Dad always said, "If it sounds too good to be true, it's false."

Don't fall for these slickee-boy snake oil salesmen.

The only folks making six-figure incomes in the short sale business are the slickee-boys who sell expensive tickets to their seminars.

If you get nothing out of this warning other than JUST ONE THING, remember... industry insiders know buy and flip does not work, otherwise we'd spend our time doing so.

Real estate investing is not for everyone.

Real estate investing is a long-term investment. The only folks who make money in real estate are educated investors who buy, rent, and hold their properties in their portfolio as cash flow instruments.

How do I know?

I am an investor in real estate, and I've seen "flippers" lose a ton of money. As we say in Texas, "That dawg don't hunt."

Opportunities Are Everywhere...We Can Help You Find Your Dream Home.

Erick Blackwelder or Peggy James of Erick and Company - Exit 1st Choice Realty, Woodbridge VA. Realtors®, call 703-590-2252 list your property for sale or to purchase a property in Lake Ridge, Westridge, Old Bridge Estates, River Falls, Middle County, Cannon Bluff, Meadowbrook Woods, Blooms Crossing, Manassas Park, Beaver Creek, Hunter's Ridge, Brittany, Manassas, Montclair, Dumfries, Occoquan, Dale City, Nokesville, or anywhere in Prince William County.

Equal Housing Opportunity

24 Little Hours

The two photos of the Lake Ridge and Northern Virginia Blizzard of 2010 were taken exactly 24 hours apart.

• The first was taken at the start of the blizzard at 7;OO PM 2/5/2010
• The second was taken at the end of the blizzard at 7:00 PM 2/6/2010

The total snowfall on our deck was 28" in 24 hours

To Search For All Available Lake Ridge Homes Click Here

My team has 33 years experience in Lake Ridge and Prince William County

”Experience Isn’t Expensive – It’s PRICELESS”

Contact Karen and Art by Email or call us at 703-690-6569. Put our record of customer service, real estate experience and state-of-the-art technology to work for you in Alexandria, Arlington County, Fairfax County, Prince William County, Stafford County or the entire Northern Virginia Area.

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Anyone who has watched the news about the "snowpocalypse" in Northern Virginia knows that buyers and there agents were not out showing properties yesterday (and they may not get out today.)  However that didn't stop one agent and their buyer from sending in an attractive offer on my new listing in the Port Potomac neighborhood in Prince William County

The buyer has not set foot in the home but is familiar with the neighborhood and the model.  Her tour of the home has been through my photos in the MLS and my video tour posted on my blog.  They knew they loved the neighborhood and after viewing the photos they knew the home was in good condition and was the right one for them.

For agents who say photos don't make a difference they obviously do.  Get out your camera's and take some photos.  You might just sell a house today!

If you need help with snow removal. Try posting an ad on Craigslist in the Gigs Section. There is no cost to do this. We have done this before. The Gigs Section is found directly below the Jobs Section on Craigslist. Go to Labor and post you request.

Here are today's postings of Homeowners and Contractors posts. It Should Be A Beautiful Day, with a lot of work ahead for all of us. Stay safe and good luck everyone.

Have real estate questions? Call Peggy James today at 703-851-3085 or contact me by email .

Contact Peggy James or Erick Blackwelder of Erick and Company - Exit 1st Choice Realty,14029 Crossing Place, Woodbridge VA. 22192. Realtors®, call 703-851-3085 (Peggy) or 703-590-2252 (Office) to list your property for sale or to purchase a property in Lake Ridge, Westridge, Old Bridge Estates, River Falls, Middle County, Manassas, Montclair, Dumfries, Occoquan, Dale City, Gainesville area's.