Tuesday, January 30, 2018 / by Michael Wilson
Melana Wilson with Nova Real Estate talks about the Buy - Sell Conundrum: Do you Buy first, or Sell first?
Which comes first ... Buy your new dream home?
That's the fun part - shopping and buying - and you don't want to miss out on your dream home! Many people need to sell their current house in ordder to be able to afford a new home. Even if you can get a loan for the purchase, can you really afford to make 2 payments? For how long?
What about Selling your house first? Got it sold, have cash, can afford to buy ... but now you don't have a place to live while you find that dream home! Plus, there's FOMO - fear of missing out - and it's a real fear, that your dream home will get away while you're trying to sell.
Melana is an expert, and she knows how to handle these situations. In fact, with over 15 years in the real estate business, she's helped people coordinate buying and selling at the same ...
Thursday, March 30, 2017 / by Michael Wilson
18917 Longhouse Place, Leesburg, VA 20176
Another Home SOLD by NoVa Real Estate Group
Michael & Melana Wilson
This spacious home has a unique floorplan which includes a large library/office with built-in bookshelves on the main level, plus a rear staircase leading upstairs from the family room! 4 bedrooms and 3.5 baths, 2-car garage, and a great yard.
Granite counters, convenient gas cooktop and stainless steel appliances in the kitchen plus 2-story family room with stunning palladian windows around the cozy fireplace ... and much more.
Great homes, like this one in Potomac Station area, sell quickly! Especially ones that are as well cared for, and close to so many amenities like this one.
Sold by Michael Wilson, Nova Real Estate Group, Pearson Smith Realty.
This property was just SOLD, so we can’t show you more pictures of THIS house … click here to see nearby Homes for Sale in Leesburg
Are you a Home Buyer lo ...
Sunday, March 12, 2017 / by Michael Wilson
Over the next five years, home prices are expected to appreciate 3.22% per year on average and to grow by 17.3% cumulatively, according to
Home Price Expectation Survey.
So, what does this mean for homeowners and their equity position?
As an example, let’s assume a young couple purchased and closed on a $250,000 home in January. If we look at only the projected increase in the price of that home, how much equity will they earn over the next 5 years?
Since the experts predict that home prices will increase by 4.4% this year alone, the young homeowners will have gained $11,000 in equity in just one year.
Over a five-year period, their equity will increase by nearly $43,000! This figure does not even take into account their monthly principal mortgage payments. In many cases, home equity is one of the largest portions of a family’s overall net worth.
Not only is homeown ...
Tuesday, August 18, 2015 / by Michael Wilson
Moving is an emotional process. It can represent growth and new beginnings. But it can also be stressful. People often try to second-guess themselves, wondering if they made a good decision.
From my experience helping clients make a move, I know of specific things you can do to lessen the stress of moving.
Here are some tips:
• Understand that your jitters are perfectly normal; you've just made a major commitment.
• Ask questions throughout the process. Part of my job is to provide you with information and keep you informed so that you are confident about your decisions.
• Let me help you ease the transition to your new environment. I can provide you with information on your new neighborhood, school districts, and more.
• Keep an emergency fund for unexpected costs that may crop up during the move or as you set up your new household.
• Remember to have some fun during the process. Try to take your mind off the move for a little while.
Friday, August 14, 2015 / by Michael Wilson
Some people ask whether an Appraisal is better than an Inspection for home buyers. And the answer is BOTH! They are serve different purposes and are used for different reasons.
Here are some of the differences between a property appraisal and an inspection, and how each is used during the homebuying process.
An appraisal is a formal assessment of the value of a home or property.When you are seeking financing, the lender usually requires an appraisal to ascertain the value of the property in order to make sure the loan amount does not exceed the value of the property being sold.
Unless you are going to pay CASH for the property you are buying, you will almost certainly have an Appraisal ... the lender will insist on it. But, it is also very good for the home buyer too! It doesn't set the price, but it's a professional's assessment of the value of a particular property in a particular market at a particular time.
An inspection is an assessment of th ...