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Home Buyers | NoVa Real Estate Blog

Tuesday, April 23, 2019   /   by Michael Wilson

3 Steps For Getting Mortgage-Ready For Home Buyers

Home Buyers - Get Ready for a Mortgage Now!
Don’t wait until you’re ready to move to start preparing financially to buy a home.
If you’re like the vast majority of home buyers, you will choose to finance your purchase with a mortgage loan. By preparing in advance, you can avoid the common delays and roadblocks many buyers face when applying for a mortgage.
The requirements to secure a mortgage may seem overwhelming, especially if you’re a first-time buyer. But we’ve outlined three simple steps to get you started on your path to homeownership.
Even if you’re a current homeowner, it’s a good idea to prepare in advance so you don’t encounter any surprises along the way. Lending requirements have become more rigorous in recent years, and changes to your credit history, debt levels, job type and other factors could impact your chances of approval.
It’s never too early to start preparing to buy a home. Follow these three steps to beg ...

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Tuesday, January 30, 2018   /   by Michael Wilson

How to Coordinate Buying And Selling At the Same Time

Melana Wilson with Nova Real Estate talks about the Buy - Sell Conundrum: Do you Buy first, or Sell first?

Click Here to Watch the Full Webinar "Sell First or Buy First" - Melana goes into a LOT more detail about Options!


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.

AARRGGHH!  

Melana is an expert, and she knows how to handle these situations.  ...

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Friday, January 05, 2018   /   by Michael Wilson

Recommendations For Nova Real Estate Group

Rose - Alexandria, VA
"Working with Mike and Melana was really a dream! They made the home buying process a breeze and I always felt confident that I had experts on my side. As a first time home buyer, everything was brand new to me but with their hard work and dedication, we found the right home for me and I couldn’t be happier! I recommend them without reservation."


Rebecca and David - Leesburg, VA
“I had such a positive experience with Melana! She helped us rent first townhome two years ago and most recently guided us through the process of homeownership. She communicates often and clearly, is extremely knowledgeable, and has a host of great resources to share (home inspector, title company,  loan officers, etc.) I have recommended Melana to my own family and friends and would highly recommend her to you!"


Emily - Aldi, VA
"The Wilson Team is incredibly efficient, professional and very easy to work with! I love the home I was able to buy with their help ...

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Thursday, March 30, 2017   /   by Michael Wilson

18917 Longhouse Place, Leesburg, VA 20176 - SOLD by Nova Real Estate Group

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 ...

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Sunday, March 12, 2017   /   by Michael Wilson

The Connection Between Home Prices & Family Wealth

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 


Pulsenomics’ 


most recent 


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.
Bottom Line
Not only is homeown ...

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eXp Realty
Michael & Melana Wilson
20130 Lakeview Center Plaza, Suite 400
Ashburn, VA 20147
703-722-8831

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