Category Archives: Belmont Bay
Why Hire A RE/MAX Agent To Sell Your Home? “Check It…!”
Posted in Active Adult Communities, Ashburn Virginia, Beacon Hill, Belmont Bay, Belmont Country Club, Blooms Crossing, Bristow VA, Centreville Virginia, Clifton Virginia, Dominion Valley, Dominion Valley Country Club, Fairfax County, Fairfax National Estates, Fairfax Virginia, Fawn Lake, Foreclosures, Gainesville Virginia, Golf and Country Club Communities, Golf homes, Haymarket Virginia, Heritage Hunt, Homes For Sale, Lake Manassas, Lansdowne on the Potomac, Leesburg Country Club, Leesburg Virginia, Loudoun County, Loudoun Valley Estates, Manassas Park, Manassas Park Virginia, Nokesville VA, Northern Virginia Real Estate, Penderbrook, Piedmont, Piedmont Country Club, Piedmont South, Prince William County, Raspberry Falls, RE/MAX Gateway, Real Esate Information, River Creek, River Creek Country Club, River Falls, Round Hill Virginia, Sellers, Selling A Home, Selling My Home, Short Sales, Short Sales & Foreclosures, South Riding, South Riding VA, Spotsylvania County, Stoneleigh Country Club, The Regency at Dominion Valley, Thunder Oak, Tysons Corner, Vienna, Virginia Oaks, Woodbridge Virginia
Tagged CDPE, Certified Distressed Properties Expert, Dominion Valley, Dominion Valley Country Club, Ed Butler, Fairfax County, Gainesville VA, Gainesville Virginia, Golf Communities, Haymarket VA, Haymarket Virginia, Heritage Hunt, Homes For Sale, Homes For Sale In Gainesville Virginia, Homes For Sale In Haymarket Virginia, Homes For Sale In Loudoun County, Homes for Sale In Loudoun County Virginia, Homes For Sale In Prince William County, Homes For Sale In Prince William County Virginia, Lake Manassas, Leesburg Virginia, Prince William Count Real Esate, Prince William County Virginia, RE/MAX Gateway, Real Estate, Real Estate For Sale, Real Estate For Sale In Loudoun County Virginia, Real Estate For Sale In Prince William County Virginia, Real Estate Information, Realtor, Selling A Home, Selling My Home, Top 5 In Real Estate, Top5 In Real Estate
In Financial Distress with Your Mortgage? Learn How HAFA Can Help Financially Challenged Homeowners
This past November, the Treasury Department released guidelines for its new Home Affordable Foreclosure Alternatives Program (HAFA), designed to help homeowners who are unable to retain their home under the Home Affordable Modification Program (HAMP). Under HAFA, homeowners may be able to avoid foreclosure by completing a short sale or a deed-in-lieu of foreclosure (DIL). If you or someone you know is having trouble making mortgage payments, understanding this new government program is essential.
As a Member of the Top 5 in Real Estate Network(R), I have consulted with many clients faced with a distressed property situation. The good news is HAFA is designed to simplify and streamline the use of short sales and deeds-in-lieu of foreclosure by improving the process.
Here’s how:
- Help homeowners who are HAMP eligible but nevertheless unable to keep their home
- Use financial and hardship information already collected in connection with consideration of a loan modification
- Allow borrowers to receive pre-approved short sales terms before listing the property
• Require borrowers to be fully released from future liability for the first mortgage debt and if the subordinate lien holder receives an incentive under HAFA, that debt as well - Use standard processes, documents, and timeframes/deadlines
- Provide financial incentives: $1,500 for borrower relocation assistance; $1,000 for servicers to cover administrative and processing costs; and up to a $1,000 match for investors for allowing a total of up to $3,000 in short sale proceeds to be distributed to subordinate lien holders
To be eligible for HAFA, homeowners must meet the basic eligibility criteria for HAMP:
- The home must be your principal residence
- The first lien must have originated before 2009
- Mortgage delinquent or default is reasonably foreseeable
- The unpaid principal balance cannot exceed $729,750 (higher limits for 2- to 4-unit dwellings).
- The borrower’s total monthly payment exceeds 31% of gross income
Under HAFA, the forgiven debt due to a short sale will not be taxed if the amount of forgiven debt does not exceed the debt that was used to acquire, construct, or rehabilitate a principal residence. Check with your tax advisor. Please also know that while the debt will be forgiven, the short sale will be reported to credit agencies and have some degree of negative impact on your credit. Short sale agreements must be executed and returned no later than December 31, 2012.
If you think that you or someone you know can benefit from the HAFA program, please contact me.
Selling A Home? Click Here
Buying A Home? Click Here
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Ed Butler |
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7521 Virginia Oaks Drive |
Brambleton Office Coming |
4090-B Lafayette Center Drive |
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When It’s SOLD, The Butler Did It! |  |
Posted in Active Adult Communities, Ashburn Virginia, Beacon Hill, Belmont Bay, Belmont Country Club, Blooms Crossing, Centreville Virginia, Clifton Virginia, Dominion Valley, Dominion Valley Country Club, Fairfax National Estates, Fairfax Virginia, Fawn Lake, Foreclosures, Gainesville Virginia, Golf and Country Club Communities, HAFA, Haymarket Virginia, Heritage Hunt, Lake Manassas, Lansdowne on the Potomac, Leesburg Country Club, Leesburg Virginia, Manassas Park Virginia, Penderbrook, Piedmont, Piedmont Country Club, Raspberry Falls, Real Esate Information, River Creek, River Creek Country Club, River Falls, Round Hill Virginia, Sellers, Selling My Home, Short Sales, Short Sales & Foreclosures, South Riding, South Riding VA, Stoneleigh Country Club, The Regency at Dominion Valley, Tysons Corner, Vienna, Virginia Oaks, Woodbridge Virginia
Tagged Distressed Property, Ed Butler, Foreclosure, RE/MAX Gateway, Short Sale
Selling A Home ~ Increasing Your Homes Value
Fast Ways to Update Your Kitchen, Increase Value
While there are many different variables that contribute to selling a home, during the course of my real estate career, I have witnessed one constant: the kitchen.
Today, the kitchen has become more of a multi-functional space than ever before, where cooking happens alongside bill paying and homework, not to mention the kitchen’s role as social hub for family and friends. That’s why it’s more important than ever to buyers and sellers alike that this key room be fresh and inviting.
While home improvement experts report that kitchen remodels provide anywhere from an 80-100% return on investment, based on my years of experience working with homeowners, I have found that just by updating certain aspects, the entire look and feel of the kitchen can be refreshed and modernized—and your home’s value increased in the process.
As design expert Melissa Birdsong, vice president for Trend, Design & Brand at Lowe’s Companies, Inc. (www.lowes.com), says, if the kitchen is outdated and tired, the whole house can feel that way; a few simple updates can make all the difference in getting the green light on the buying decision. So whether you want to update your kitchen for your own lifestyle enhancement or to help move it off the market, try these tips from Birdsong:
1. Color and light are the easiest, most cost-efficient elements to add personality and ambience to the kitchen. Use your vegetable bin and spice cabinet for inspiration! A scheme of natural greens, yellows, mustards and russets washed with dimmable overhead and under-cabinet lighting can add energy as well as create a level of calm.
2. If the existing cabinets are sturdy but the finish is sending out a distress signal, a well-executed paint job can turn it around. Mismatched appliances and worn flooring are other leading visual cues, so if the budget permits, replace them.
3. Last but not least, add sparkle and a new point of view to the kitchen by replacing the metals palette–cabinet hardware, faucet, lighting and outlet covers. A few thoughtfully chosen, simple finish updates can seal the deal.
As a Member of the Top 5 in Real Estate Network(R), I have access to more great ideas for improving your kitchen as well as all areas of your home…both for your own lifestyle enjoyment and to increase your home’s value. Please contact me to discuss other ways to improve your home’s value and please forward this email to your social network who may also find it helpful.
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Ed Butler |
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4090-B Lafayette Center Drive |
7521 Virginia Oaks Drive |
10135 Colvin Run Road |
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When It’s SOLD, The Butler Did It! | |
Posted in Ashburn Virginia, Beacon Hill, Belmont Bay, Belmont Country Club, Blooms Crossing, Centreville Virginia, Clifton Virginia, Dominion Valley, Fairfax County, Fairfax National Estates, Fairfax Virginia, Fawn Lake, Gainesville Virginia, Haymarket Virginia, Lake Manassas, Lansdowne on the Potomac, Leesburg Country Club, Leesburg Virginia, Loudoun County, Manassas Park Virginia, Penderbrook, Piedmont, Piedmont Country Club, Prince William County, Raspberry Falls, Real Esate Information, River Creek, River Creek Country Club, River Falls, Round Hill Virginia, Sellers, Selling My Home, South Riding, South Riding VA, Stoneleigh Country Club, Tysons Corner, Vienna, Virginia Oaks, Woodbridge Virginia
Tagged Ed Butler, Home, Home Improvement, Homes, RE/MAX Gateway, Real Estate Information, Remodel, Selling A Home, Selling My Home, Selling Your Home
Realtors, Bankers Push for Extending Home Buyer Credit
What’s Happening With The $8,000 Tax Credit?
Real estate and banking industry trade groups urged the Obama administration on Monday to press to extend and expand a tax credit for first-time home buyers that they said is instrumental to stabilizing the fragile housing market.
A government program that offers an $8,000 tax credit to first-time home buyers, which is due to expire on Nov. 30, should be extended for another year and expanded to include all buyers of homes that would be primary residences, the trade groups said in a letter.
The letter from the Mortgage Bankers Association, National Association of Home Builders, and the National Association of Realtors was addressed to Treasury Secretary Timothy Geithner, Department of Housing and Urban Development Secretary Shaun Donovan, and Lawrence Summers, chair of the National Economic Council.
CLICK HERE TO READ FULL ARTICLE
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Ed Butler |
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4090-B Lafayette Center Drive |
7521 Virginia Oaks Drive |
10135 Colvin Run Road |
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When It’s SOLD, The Butler Did It! | |
Posted in $8000 Tax Credit, Ashburn Virginia, Beacon Hill, Belmont Bay, Belmont Country Club, Blooms Crossing, Buyers, Centreville Virginia, Clifton Virginia, Dominion Valley, Fairfax County, Fairfax National Estates, Fairfax Virginia, Fawn Lake, First Time Homebuyers, Gainesville Virginia, Haymarket Virginia, Lake Manassas, Lansdowne on the Potomac, Leesburg Country Club, Leesburg Virginia, Loudoun County, Manassas Park Virginia, Market Information, Penderbrook, Piedmont, Piedmont Country Club, Prince William County, Raspberry Falls, Real Esate Information, River Creek, River Creek Country Club, River Falls, Round Hill Virginia, South Riding, South Riding VA, Stoneleigh Country Club, Tysons Corner, Vienna, Virginia Oaks, Woodbridge Virginia
Tagged Buying A Home, Ed Butler, First Time Homebuyer Tax Credit, First Time Homebuyers, Market Information, RE/MAX Gateway, Real Estate Information
A Great Start To The Day ~ Walter Bond Wakes Me Up!
I’ve just returned from this morning Accelerent Business Breakfast at Waterford at Fair Oaks. There’s an office meeting in 7 minutes. I will miss it today because I’m so motivated to get this posted!
This morning’s keynote speaker was Walter Bond, former University of Minnesota and NBA basketball player.
I had the pleasure of briefly meeting Walter at last night’s Accelerent Evening Reception hosted by Aronson & Company at their new offices in Rockville, MD. I was pleasantly surprised at how approachable and friendly he was and by the fact that there was something that was immediately likeable about him. I enjoyed our brief conversation and was looking forward to hearing him speak at this morning’s event. I was, however, totally unprepared for just how incredibly thoughtful, funny, entertaining and motivating his presentation would be! I have probably attended hundreds of events over the last 15 years that “motivational speakers” were used. NEVER have I been so motivated and excited by what was said and how it was presented. His message was dead on and his delivery was awesome and he had a very real impact on me and my business!
What I Learned:
- Be Positive
- Be Confident
- Be Different
- Be Friendly
It was very refreshing, heartening and motivating to hear everything Walter had to say today and to be thoroughly entertained in the process was a nice bonus! If you ever have the chance to hear him speak, DON’T PASS IT UP!
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Ed Butler |
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4090-B Lafayette Center Drive |
7521 Virginia Oaks Drive |
10135 Colvin Run Road |
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When It’s SOLD, The Butler Did It! | |
Posted in Active Adult Communities, Ashburn Virginia, Beacon Hill, Belmont Bay, Belmont Country Club, Blooms Crossing, Centreville Virginia, Clifton Virginia, Dominion Valley, Fairfax County, Fairfax National Estates, Fairfax Virginia, Fawn Lake, Gainesville Virginia, Golf and Country Club Communities, Golf homes, Haymarket Virginia, Heritage Hunt, Lake Manassas, Lansdowne on the Potomac, Leesburg Country Club, Leesburg Virginia, Loudoun County, Manassas Park Virginia, Penderbrook, Piedmont, Piedmont Country Club, Prince William County, Raspberry Falls, River Creek, River Creek Country Club, River Falls, Round Hill Virginia, Sellers, Selling My Home, Services, South Riding, South Riding VA, Stoneleigh Country Club, The Regency at Dominion Valley, Virginia Oaks, Woodbridge Virginia
RE/MAX Gateway
