If you need assistance, please call 540-793-4095

Roanoke Home Buyers and Sellers Blog

Monday, September 16, 2024   /   by Rene Reiner

Can you sell a home in Virginia during Probate

Selling a house during probate in Virginia involves several legal and procedural steps, as probate is a court-supervised process to manage the estate of a deceased person. Below are step-by-step instructions to guide you through this process:
Step 1: Determine if Probate is Necessary
Not all estates require probate. If the deceased held the property in joint tenancy or had a living trust, probate may not be needed. Consult with an estate attorney to confirm whether probate is necessary for the specific property.
Step 2: Appoint an Executor or Administrator
If there is a will, the person named as the executor will handle the estate, including selling the property.
If there is no will, the court will appoint an administrator. You need to petition the Circuit Court in the county where the deceased lived to be named the administrator of the estate.
Actions:
File a Petition for Probate with the Virginia Circuit Court to be formally appointed.
Provide the death certificate, the will s ...

  myroanokehome, reinerrealty, roanokerealestate, realestatetips, selling during probate

Tuesday, September 3, 2024   /   by Rene Reiner

Should You Sell Now? The Lifestyle Factors That Could Tip the Scale

Are you on the fence about whether to sell your house now or hold off? It’s a common dilemma, but here’s a key point to consider: your lifestyle might be the biggest factor in your decision. While financial aspects are important, sometimes the personal motivations for moving are reason enough to make the leap sooner rather than later.
An annual report from the National Association of Realtors (NAR) offers insight into why homeowners like you chose to sell. All of the top reasons are related to life changes. As the graph below highlights:

As the visual shows, the biggest motivators were the desire to be closer to friends or family, outgrowing their current house, or experiencing a significant life change like getting married or having a baby. The need to downsize or relocate for work also made the list.
If you, like the homeowners in this report, find yourself needing features, space, or amenities your current home just can’t provide, it may be time to consider ta. ...

  myroanokehome, reinerrealty, roanokerealestate, realestatetips, roanokecountyrealestate, right time to sell

Tuesday, July 23, 2024   /   by Joe Johnson

July Real Estate Roundup: 3 Top Tips for the Current Market

Wow - we’re halfway through 2024! As we look at the rest of the year, I’ve got a few tips on how to help your buyers navigate the current market conditions as they prepare to purchase.?? 

1. Paying Discount Points Can Help the Right Buyers 

With average interest rates hovering around 7%, combined with higher home prices, more buyers are choosing to pay a partial or full point to buy down their interest rate in exchange for a lower monthly payment.? 

It used to be that the general rule of thumb was for every discount point your buyer paid, their rate would decrease by .25%.? However, in the current market environment, we’re seeing that paying a full point can save from .25% - .50% in rate, or even paying a partial point can save .25% on the rate.?

2. Closing Costs Have Risen 

We discuss this often, but it bears repeating: the old 3% for closing cost in many markets no longer holds true. 

As mentioned above, buyers may pay. ...

Wednesday, May 8, 2024   /   by Rene Reiner

How to get started as a Real Estate Investor

Starting in real estate investment can seem daunting, but with the right approach, it can be an exciting and profitable journey. Whether you're looking to create a steady stream of passive income, save for retirement, or diversify your investment portfolio, real estate offers a wealth of opportunities. Here's a comprehensive guide to getting started in real estate investment.
1. Educate Yourself
Before diving into real estate investment, it's crucial to understand the basics. This includes learning about different types of real estate investments (e.g., residential, commercial, industrial, retail, mixed-use), financing options, market analysis, and the legal aspects of real estate. There are numerous resources available for beginners, including books, podcasts, online courses, and seminars. Consider joining real estate investment groups or online forums to learn from experienced investors.
2. Set Clear Goals
Identify what you want to achieve with your real estate investments. Are ...

  myroanokehome, realestate, reinerrealty, roanokerealestate, real estate investor

Monday, March 11, 2024   /   by Joe Johnson

March Real Estate Roundup: Planning for Closing Costs Over 3%

WHAT YOU'LL LEARN


Why closing costs have gone up


Why discount points could be a good choice


How a closing cost worksheet can help





" style="overflow-wrap: break-word; text-size-adjust: 100%; box-sizing: border-box; color: var(--alt-black); font-kerning: normal; -webkit-font-smoothing: antialiased; margin: 0px; max-width: 100%; padding: 0px; inset: 0px; height: 630px; position: static; width: 1200px; object-fit: cover; max-height: 630px; display: block;" />




For a long time, 3% of the loan amount in closing costs was the standard most clients could expect. But in the current market, we are finding that 4-5% is a safer estimate (although they could be higher or lower). There are many factors that go into closing costs – they aren’t due to any one party or item in the transaction.  

Why Closing Costs Are Higher 

First, the amount of the settlement costs rely greatly on the loan amount. Some costs are fixed, but most a ...
Reiner Realty
Rene Reiner
2923 Brambleton Ave. SW
Roanoke, VA 24015
540-793-4095
Joel Balsley
NMLS#210455
Licensed in VA
Office #: 540-278-1430
Mobile #: 540-597-8877
joelbalsley@atlanticbay.com



Featured real estate company is not a mortgage lender and so you should contact Atlantic Bay Mortgage Group, L.L.C. directly to learn about its products and your eligibility for such products. The featured lender has an affiliated business relationship with the featured real estate agent. You are under no obligation to use the featured lender for financing. All loans subject to income verification, credit approval and property appraisal. Not a commitment to lend. Atlantic Bay Mortgage Group, L.L.C. NMLS #72043 (nmlsconsumeraccess.org) is an Equal Opportunity Lender. Located at 600 Lynnhaven Parkway Suite 203 Virginia Beach, VA 23452.
Last updated; multiple times December 7, 2024. Information is deemed to be reliable, but is not guaranteed. Roanoke Valley Association of Realtors© 2024 MLS and FBS. Although the Multiple Listing Service of The Roanoke Valley is the single source for these listings, listing data appearing on this website does not necessarily reflect the entirety of all available listings within the Multiple Listing Service. All listing data is refreshed daily, but its accuracy is subject to market changes. All copyrights and intellectual property rights are the exclusive property of the Multiple Listing Service of The Roanoke Valley. Whether obtained from a search result or otherwise, visitors to this website may only use this listing data for their personal, non-commercial benefit. The unauthorized retrieval or use of this listing data is prohibited. The information on this sheet has been made available by the MLS and may not be the listing of the provider.
This site powered by CINC: www.cincpro.com