Ron's X-site Blog

CONGRATULATIONS to my client Allen on his recent purchase on this propertyin the Columbia Furnace area of Shenandoah county.  It is going to make a great home for a young family real soon.  Thanks for using me as your Realtor.  It is always a pleasure to work with all my customers as it was with you!

I AM @ YOUR SERVICE

RON STEAD 540-539-1200

RSTEAD@SHENTEL.NET

Mortgage banking organizations are in the news closing down offices or shutting down company wide. This economic downsizing is mostly due to the result of relaxed credit activity of sub-prime lenders over the past 5 or 6 years. The interest rates on these subprime loans are now adjusting to higher rates, making them unaffordable to many investors and homeowners alike, which in turn is causing mortgage delinquencies and defaults leading to foreclosures. Borrowers with good credit and documented income however are still having no difficulty in making their mortgage payments and getting new loans as well. Fannie Mae / Freddie Mac / FHA and VA mortgages remain fully available, underwriting is basically the same with not many changes, and settlement funding is as reliable as ever. Subprime loans on the other hand although still available, are difficult too find and the rates and terms have tightened up substantially.

The rising inventory of unsold and new homes are benefiting today’s home buyers. They have more homes to choose from, the market is better situated for them to negotiate home prices, and mortgage financing remains historically low for those with good credit.

To discuss homes in the area or discuss buying or selling strategies in today’s market give me a call or shoot me an email.

I AM @ YOUR SERVICE!

Ron Stead     

540-539-1200

Congrats to my customers Jason and Natalie.  They are the proud new owners of a great home in Stephens City, Virgina.   It has been a long time coming but we made a great deal on a great home for you and your family.

May your new home be filled with love, health, happiness, and friends.  Thank you for allowing me to be your Buyers Agent.

I AM AT YOUR SERVICE

Ron Stead

Call me today at 540-539-1200 or e-mail at rstead@shentel.net

Find my website at http://www.ronsellsva.com/

Real Estate Tip:The Asking Price
Picture this...

Your house has been on the market for four weeks. There have been a lot of showings but no offers, so you are wondering if you should consider a price reduction. You want to get as much as you can for your home, but more importantly you want it to sell!

This may be the time to have a frank discussion with your real estate agent. While price may be a major factor, it may not be the only consideration. Are you making your house easy for agents to show? Have you completed the necessary maintenance and cleaning so that your property is as appealing as possible? Review with your agent the current market conditions and the prices of other homes in your neighborhood before determining that a price reduction is in order.

Even though your price may be competitive, the marketplace may be telling you that buyers just won't pay what you would like to get. If all indicators point to a price reduction, it is better to do it sooner rather than later.

I AM AT YOUR SERVICE

Ron Stead

Call me today at 540-539-1200 or e-mail at rstead@shentel.net

Find my website at http://www.ronsellsva.com/