Sherri L. Parsons's Blog

You've decided to rent out your house. Ask these 10 questions first.

  Are you thinking of renting out your home? In that case, you need to ask these 10 questions to anyone wanting to rent your house:   1. When are you planning to move in? This is the question that shapes the rest of your engagement with the potential tenant. The answer here...

Market Prediction: Is 2019 good year to buy a house

  The first 6 months of 2019 have undoubtedly been very promising to first-time homebuyers.  Beautiful houses, with amazing scenery, alluring wall art canvases and gardens have witnessed an increase in prices that did not seem to end. However, the worrying trend has been slowing down...

Vacation Home Advice for Retirees

  Right now, there are more people 65 and up in the United States than there have been at any other time in our nation's history.  Currently, that figure stands at 15.1 percent.  Granted, not all people in their mid-60s are retired.  (According to stats from 2017, 19 percent...

Broaden Your Financing Options: Hacks for Homebuyers

.blog-img { margin: auto !important; } If you’re in the market for a new house but don’t like your financing options, you may be happy to hear that there are other, less conventional means that can help you make a purchase. Traditional financing may suit the needs of most buyers,...

How to maintain a healthy garden

It is very disheartening when the plants in your garden fall prey to disease. The question everyone asks is how exactly this came about. In the event that it spreads out will it destroy all your plants? For a fact, preventing disease when it comes to plants depends on the host, pathogens that attack...

5 Homebuying Acronyms You Need to Know [INFOGRAPHIC]

5 Homebuying Acronyms You Need to Know [INFOGRAPHIC]   Some Highlights: Learning the lingo of homebuying is an important part of feeling successful when buying a home. From APR to P&I, you need to know the acronyms that will come up along the way, and what they mean when you...

What FICO® Score Do You Need to Qualify for a Mortgage?

What FICO® Score Do You Need to Qualify for a Mortgage?   While a recent announcement from CNBC shares that the average national FICO® score has reached an all-time high of 706, the good news for potential buyers is that you don’t need a score that high to qualify...

Homeownership is the Top Contributor to Your Net Worth

Many people plan to build their net worth by buying CDs or stocks, or just having a savings account. Recently, however, Economist Jonathan Eggleston and Survey Statistician Donald Hays, both of the U.S. Census Bureau, shared the biggest determinants of wealth, “The...

Tips to Pay Off Your Loan Faster

For generations, homeowners would buy a home for life. Working over the years to make the payments and celebrating the end of the 30 year mortgage were great milestones in the family. Today, few home buyers expect to be in their home for longer than 7 years on average. Paying off a 30 year mortgage seems...

Buying Vacant Land

Building a new home from scratch can be a dream come true. The idea of designing the perfect property with morning sun in the kitchen and evening breezes on the deck can be exhilarating; the first step to a successful project is finding the right piece of land on which to build. This can present challenges...

What does "Move In ready" Really Mean?

If you’ve been searching for a new home no doubt you’ve seen the term, “movein ready.” This description sounds very appealing, but understanding what it actually means is important so you have the right expectations when arranging your home listing tour. First it’s important...

Most Popular Community Amenities

Crafting the perfect lifestyle is about more than just the size of the kitchen or the space in the backyard. The community in which the home is located is almost as important to quality of life as the home itself. As more and more properties are developed in master planned communities, the home buyer...

Latest Kitchen Backsplash Trends

Latest Kitchen Backsplash TrendsSummer is upon us and home designers are hard at work showcasing the upcoming trends for 2020. This year, kitchen design shows are filled with new materials, patterns and colors as enthusiasts look for the latest trends and styles. As we leave thedarkgranite countertops...

SHORT SALE AND FORECLOSURE: HOW ARE THEY DIFFERENT?

As unfortunate as it can be when homeowners fall behind on mortgage payments and must face the possibility of losing their homes, short sales and foreclosures provide them options for moving on financially. The terms are often used interchangeably, but they’re actually quite different, with varying...

3 Tips for Buying a House in the Summer

We are in the heart of summer and the real estate marketing is booming here in Hampton Roads.  Here are three tips to remember when you are buying your home in the summer.  Tip #1:  Be Ready to Close If there’s one rule to the real estate seasonality of summer homebuying, it’s...

Which Down Payment Strategy Is Right For You?

You’ve most likely heard the rule: Save for a 20-percent down payment before you buy a home. The logic behind saving 20 percent is solid, as it shows that you have the financial discipline and stability to save for a long-term goal. It also helps you get favorable rates from lenders. But there...