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Military Families have just been punched in the face!

Military families have been punched in the face by our House of Representatives.  The House has passed a bill to be sent to the Senate that would approve a 5% reduction in BAH (Basic Allowance for Housing).  

According to a recent Pew Research Report, serving in the military was “practically a requirement for serving in Congress.” As recently as the early post-Vietnam era of the late 1970s, a combined 77-percent of the members in the House and Senate had prior military service. Today, however, only approximately 20-percent of our political representatives have military experience.  This means are politicians are out of touch with the needs of military families and veterans.

Other projected cuts include cuts to military commissaries (have they seen grocery store prices)….. Cuts to tuition assistance for active duty. Veterans in Congress

 According to Military by owner: They are out of touch because they are without having experienced moving cross-country every two to three years and the resulting financial hardships that come with said moves, most notably spousal employment, military families can easily discredit our representatives as being out of touch. 

If this is passed through the Senate Military families will be KO’d once again………………  

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THE NORTHERN VA REAL ESTATE LADY!

Call me to buy a home in any DC Metro area of Northern VA & Maryland,  areas including Fairfax, Prince William, Loudoun, Fauquier, and Stafford Counties.                                     

“I can dream alone, build alone and strive alone, but true        

success always requires the help and support of others.

Please send me your referrals.”remax agents northern va

 

Visit my website today,

The Northern VA Real Estate Lady!         

Deandrea “Dee Dee” Jones                                                          

Supervising Broker/ Realtor

Home Buying Marketing II, Inc.

VA & MD

http://DJonesRealEstate.com

 djoneshomes@gmail.com

 download my mobile app http://87778.mobi/DEANDREA

or text DEANDREA to 87778

 

                                      Follow Me Online         

     hsr Home Scouting app Home Search

Northern VA Home buying class Free

FREE Home buying Education Classes for first time home buyers in Northern Virginia!!!!!!!!

Saturday February 8th, 2014 9am-3pm                        home ownership dream

7987 Ashton Avenue Manassas VA                                                      homebuying Manassas

Goverment Center

Sponsored By Manassas Hud Counseling Dept and Home Buyers Marketing II, Inc.

Come learn about the buying process from beginning to end. There will be a loan officer, a real estate agent, and a home inspector, on hand to give you valuable information and answer your questions on credit, loans, finance, and real estate contracts

If you are serious about buying a home in 2014 then this class is designed for you. Find out how to get preapproved to buy, how to make an offer, and what to expect in the closing process. This class meets VHDA, Sparc, and many first time buyer program requirements.

Call, text, or email TODAY to RSVP, leave name and phone number and number of guest.

Must RSVP to Dee Dee Jones 703-596-5884 call, text, or email djoneshomes@gmail.com

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THE NORTHERN VA REAL ESTATE LADY!

Call me to buy a home in any DC Metro area of Northern VA, areas including Fairfax, Prince William, Loudoun, Fauquier, and Stafford Counties.

“I can dream alone, build alone and strive alone, but true

success always requires the help and support of others.

Please send me your referrals.”remax agents northern va

Visit my website today,

The Northern VA Real Estate Lady!

Deandrea “Dee Dee” Jones

Associate Broker

Home Buying Marketing II, Inc.

Manassas, VA

http://DJonesRealEstate.com

djoneshomes@gmail.com

download my mobile app http://87778.mobi/DEANDREA

or text DEANDREA to 87778

Follow Me Online

– See more at: http://activerain.com/blogsview/4313880/free-northern-va-home-buying-education-class-for-first-time-buyers#sthash.Q3Ijd3zh.dpuf

Are you ready to Move Up to a better Northern VA home

Northern VA real estate agent

THE NORTHERN VA REAL ESTATE LADY!

Call me to buy a home in any DC Metro area of Northern VA,  areas including Fairfax, Prince William, Loudoun, Fauquier, and Stafford Counties.

“I can dream alone, build alone and strive alone, but true        

success always requires the help and support of others.

Please send me your referrals.”remax agents northern va

 

Visit my website today,

The Northern VA Real Estate Lady!

Deandrea “Dee Dee” Jones

Associate Broker

Re/Max

Real Estate

Connections

Manassas, VA  Fairfax, VA

http://DJonesRealEstate.com

djoneshomes@gmail.com

 

download my mobile app http://87778.mobi/DEANDREA

or text DEANDREA to 87778

 

                                               Follow Me Online         

 

– See more at: http://activerain.com/blogsview/4261930/are-you-ready-to-upgrade-your-northern-va-home#sthash.iAW0D2M1.dpuf

FREE Home buying Education Classes for first time home buyers in Northern Virginia

FREE Home buying Education Classes for first time home buyers in Northern Virginia!!!!!!!!

Sat SEPTEMBER 28th 10-4pm– Pizza LUNCH INCLUDED –

100 Carpenter Drive 2nd Floor Sterling, VA 20164

Come learn about the buying process from beginning to end. There will be a loan officer, a real estate agent, and a home inspector, on hand to give you valuable information and answer your questions on credit, loans, finance, and real estate contracts

If you are serious about buying a home in 2013 or 2014 then this class is designed for you. Find out how to get preapproved to buy, how to make an offer, and what to expect in the closing process. This class meets VHDA, Sparc, and many first time buyer program requirements.

A pizza lunch is included!

Call, text, or email TODAY to RSVP, leave name and phone number and number of guest.

Must RSVP to Dee Dee Jones 703-596-5884 call, text, or email djoneshomes@gmail.com

THE NORTHERN VA REAL ESTATE LADY!

Call me to buy a home in any DC Metro area of Northern VA,  areas including Fairfax, Prince William, Loudoun, Fauquier, and Stafford Counties.

“I can dream alone, build alone and strive alone, but true

success always requires the help and support of others.

Please send me your referrals.”remax agents northern va

Visit my website today,

The Northern VA Real Estate Lady!

Deandrea “Dee Dee” Jones

Associate Broker

Re/Max

Real Estate

Connections

Manassas, VA  Fairfax, VA

http://DJonesRealEstate.com

djoneshomes@gmail.com

download my mobile app http://87778.mobi/DEANDREA

or text DEANDREA to 87778

                                               Follow Me Online         

The difference between short sales, foreclosures, and resale homes for sale

ImageAre you wondering what is the difference between  Foreclosures, Short Sales  & Resale Homes For Sale?

Foreclosures- Take on a variety of types also termed Bank properties or REO real estate owned, this means a borrower has failed to make payments and the mortgage company has taken the property back.  In some states a borrower has the right to redeem their property before it is sold to a new buyer (such as in VA) and some states allow a borrower to come back after a foreclosure sale to redeem their property.   Depending what state you are in find out the rules………… Bank Properties/Foreclosures can be sold in a variety of ways from on the court house steps, through auctions, through online bidding, or thru brokers in the MLS (multiple listing service).  Usually in most cases the property is to be sold as is with no disclosures.

ImageShort Sales- A current owner needs to sale there home but owes more on their current loan balance then the property is worth. They negotiate a deal with bank to sell the home for less than they owe.  The difference between the current loan balance and the new excepted price is called a deficient amount.  The bank can agree to wave the deficient amount or depending on a owners assets the bank can ask for a deficiency judgment.  This is usually a negotiated amount between Owner and Bank for lower than deficient amount.  For buyers this can give you a chance to buy a home you normally could not afford.  But becareful of teaser sales prices-often agents price short sales low to attract an offer.  A Bank usually wants a fair percentage based off current market value.  If you need closing cost assistance this may end up being a hurdle because there is NO equity in the home so if the bank says No and seller can’t pay it- your deal will be in the toilet…………

ImageResale homes means a current real person seller exist.  This seller can occupy the home or not occupy the home.  It can be an investor or Flipper or a regular owner.

Be careful of flipped homes – just because it is remodeled does not mean it has been done correctly.  Resale homes giv the buyer a chance to negotiate the small stuff, closing cost, repairs, home inspections, closing periods, Home Owners association or condo paperwork, or posession agreements.  These little things often call contingencies and are usually not allowed in the negotiations for foreclosures and can be limited in short sale transactions.

Your loan type can dictate which properties you can choose from.  Certain loans must meet minimum property standards for the lender to give the money.  If you do not know which route you should look at give me a call and I can help guide you thru the process.

THE HAMPTON ROADS REAL ESTATE LADY!

Call me to buy a home in any Hampton Roads area: Norfolk, Virginia Beach, Chesapeake, Portsmouth, Suffolk, Newport News, Hampton, Williamsburg, and now serving York County and the Peninsula.

“I can dream alone, build alone and strive alone, but true       

success always requires the help and support of others.

Please send me your referrals.”

Visit my website today,

The Hampton Roads Real Estate Lady!

Deandrea “Dee Dee” Jones

Associate Broker / Recruiting Sales Manager Peninsula

Blu Skyy Realty   Virginia Beach, VA

http://DJonesRealEstate.com

djoneshomes@gmail.com

I am always looking to recruit fabulous fulltime agents Now recruiting for: Peninsula Hampton to Williamsburg areas, we give you high quality leads!!!!  If you are ready to make this your best year ever-  Contact me for more info.

Ready to leap into buying a home this leap year!

Sitting on the fence wondering if you should buy a home. Take the Leap of faith.

With interest rates starting at 3.75% and up and the best inventory in years it would be ashame to let the opportunity slip by you.    Image

First – Leap into getting pre-approved- through a reputable lender that will supply you with a copy of your tri-merge credit report.  Be sure to address any errors, problems, or discrepancies up front.

Second – Decide on your needs vs wants and develop your search criteria (bedrooms, baths, amenities, etc…). This may include creating a reasonable well thought out budget for your new home payment (PITI- principal, interest, taxes, and insurance) and try paying yourself that payment for a few months to see if you can handle it. Do not forget to budget for maintenance and unexpected repairs.

Third – CONTACT ME and lets go house shopping!!!!

THE HAMPTON ROADS REAL ESTATE LADY!

Call me to buy a home in any Hampton Roads area: Norfolk, Virginia Beach, Chesapeake, Portsmouth, Suffolk, Newport News, Hampton, Williamsburg, and now serving York County and the Peninsula.

“I can dream alone, build alone and strive alone, but true        

success always requires the help and support of others.

Please send me your referrals.”

Visit my website today,

The Hampton Roads Real Estate Lady!

Deandrea “Dee Dee” Jones

Associate Broker / Recruiting Sales Manager Peninsula

Blu Skyy Realty   Virginia Beach, VA

Buying a Condo with FHA Financing then Listen UP

VA Realtors have a new tool they can use to check for FHA approved condo complexes.

VAREALTOR.com/condocheck  enter zip code or city state and get your answers

In May 2011 every condo complex was de certified and forced to reapply for FHA condo certification status. We are finding most became re-certified but a few have not.  What ever the reason according to the Virginia Association of Realtors, “the end result is that buyers who want a unit in the un-certified condos are ineligible for FHA financing-something many seller don’t discover until late in the process when they learn that their pool of prospective buyers has shrunk considerably….and because the certification process can take months deals fall through. ”

Buyers if you are planning to use FHA financing have your agent check the status of the complexes you want to view preferably before your first initial visit.

For a condo to meet FHA loan guidelines it must:

At least 50% of the units must be owner occupied

Have specific Insurance coverage

No more than 25% of the property’s total floor area can be used for commercial purposes ( so mixed used developments will not usually qualify)

No more than 10% of units can be owned by more than 1 person or entity.

No more than 30% can be financed by FHA

No more than 15% of the total units can be delinquent on their dues more than 30 days past due.

At least 50% of unit in complex sold. (Can not have more than 50% vacancy)

Must maintain a budget with sufficient funds for maintainace of the common areas and required condo project.

If you are interested in buying a condo, condo complex or single family home zoned condo in Hampton Roads then contact me.

 

THE HAMPTON ROADS REAL ESTATE LADY!

Call me to buy a home in any Hampton Roads area: Norfolk, Virginia Beach, Chesapeake, Portsmouth, Suffolk, Newport News, Hampton, Williamsburg, and now serving York County and the Peninsula.

“I can dream alone, build alone and strive alone, but true       

success always requires the help and support of others.

Please send me your referrals.”

 

Visit my website today,

The Hampton Roads Real Estate Lady!

Deandrea “Dee Dee” Jones

Associate Broker / Recruiting Sales Manager Peninsula

Blu Skyy Realty   Virginia Beach, VA

http://DJonesRealEstate.com

 

Saturday Free Homebuying Class with Lunch Greenbrier Chesapeake

FREE Home buying Classes for first time home buyers in Hampton Roads, VA!!!!!!!!

width=51Sat Feb 11th, 2012 930-230pm– LUNCH INCLUDED –home

Greenbrier Chesapeake Library Meeting Room

1214 Volvo Parkway, Chesapeake, VA 23320 Come learn about the buying process from beginning to end. There will be a loan officer, a real estate agent, a home inspector, and a title agent, on hand to give you valuable information and answer your questions.

If you are serious about buying a home in 2012 then this class is designed for you.  This class will fullfill VHDA, SPARC, and community development education requirement.homeFind out how to get preapproved to buy, how to make an offer, and what to expect in the closing process.

A pizza lunch is included!

Call, text, or email TODAY to RSVP, leave name and phone number.

Must RSVP to Dee Dee Jones 757-831-8294 call, text, or email djoneshomes@gmail.com

Real Estate Investing Think big like the big wigs

3 Virginia Beach Real Estate Stocks  were voted best stocks according to StockScounter’s February report.

Real Estate Investing

The Scouter score is based on how the stock performs in the following criteria: business fundamentals, price behavior, valuation and stock-ownership characteristics appear to predict a rising price in the coming weeks, based on how those factors have influenced stock prices in the past.  REIT’s- are usually formed to finance luxury condo and apartment ventures, strip malls, shopping malls, and commercial buildings that generate income from rents.

Real Estate investment Trust (REIT)- according to Wikepedia- a REIT is a company that owns, and in most cases operates, income-producing real estate. Some REITs finance real estate. To be a REIT, a company must distribute at least 90 percent of its taxable income to shareholders annually in the form of dividends.   This is a great way for the girl next door to buy a piece of the shopping mall down the road or gain a profit from the high rise being built down the street.   Why not own your condo and a peice of the whole block.  When investing in a REIT -you need to think big.

Looking for a place to invest those tax refunds, research more about these stocks. And if all else fells call me to buy a home, condo, or investment property.

The 3 Virginia stocks that topped the list were:

Company

Digital Realty Trust (DLR +0.21%, news)

Sector

Real estate investment trust

Jan price

$70.86

Score

10

Avalonbay Communities (AVB +0.95%) Real estate investment trust $136.01 10
Virginia Commerce Bancorp (VCBI +3.83%, news) Banking $8.86 10

THE HAMPTON ROADS REAL ESTATE LADY!

Call me to buy a home in any Hampton Roads area: Norfolk, Virginia Beach, Chesapeake, Portsmouth, Suffolk, Newport News, Hampton, Williamsburg, and now serving York County and the Peninsula.

“I can dream alone, build alone and strive alone, but true        The Hampton Roads Real Estate Lady!

success always requires the help and support of others.

Please send me your referrals.”

 

Visit my website today,

The Hampton Roads Real Estate Lady!

Deandrea “Dee Dee” Jones

Associate Broker / Recruiting Sales Manager Peninsula

Blu Skyy Realty   Virginia Beach, VA

http://DJonesRealEstate.com

djoneshomes@gmail.com

 

 

Norfolk Military ERB Sailors scramble to figure out what to do with their homes

In the last few weeks since Christmas I must of had a dozen calls from Hampton Roads Navy Va loanspersonnel who received pink slips and are now scrambling to figure out what to do with their homes.  Many Norfolk Sailors who were let go as a part of the Navy’s enlisted retention boards layoffs are now trying to figure out what is next for them.  If you have not heard Navy.mil reported that “a total of 2,947 sailors were given pink slips by the Navy late last year as part of an effort to reduce personnel in 31 overmanned ratings.”

Sources told the Navy Times that only a fraction of those sailors — roughly “300 to 350” will actually qualify to retire through the 15-year option.  So if only roughly 300 sailors who were cut through the fleet’s enlisted retention boards will receive the new, early 15-year retirement option recently approved by Congress. What happenes to the other 2600 if they can not find new employment?

These are a few of the questions I have had

1. How do I sell a home that is worth less than my mortgage balance?

2. How do they pay their mortgage or even rent a home with no employment?

3. How can they find out if they will qualify for a short sale?

4. If they took the Tax credit and it hasn’t been three years do they have to pay it back or pay taxes on it?

 

This is just a few questions ERB Sailors will be asking me and others as their official departure day draws closer.

IVeteran Military Va loans spoke to one sailor who said “When reenlisted in the Navy I thought my contract would be honored for the 4 years I re-listed for and I planned my life and bills accordingly.  I never thought I would be forced out and amongst the unemployed.”

I spoke to another sailor that says ” My only hope for employment is to leave the area I must consider selling my current home even if it means as a short sale.”

Most bought their home with a VA loan but each lender and loan type has its own guidelines for short sales so it is not a 1 + 1= 2 situation

If you are a ERB sailor needing to sell your current home give me a call and lets discuss your options.

 

THE HAMPTON ROADS REAL ESTATE LADY!

Call me to buy a home in any Hampton Roads area: Norfolk, Virginia Beach, Chesapeake, Portsmouth, Suffolk, Newport News, Hampton, Williamsburg, and now serving York County and the Peninsula.

“I can dream alone, build alone and strive alone, but true        The Hampton Roads Real Estate Lady!

success always requires the help and support of others.

Please send me your referrals.”

 

Visit my website today,

The Hampton Roads Real Estate Lady!

Deandrea “Dee Dee” Jones

Associate Broker / Recruiting Sales Manager Peninsula

Blu Skyy Realty   Virginia Beach, VA

http://DJonesRealEstate.com

djoneshomes@gmail.com