The Real Estate Guy

The Real Estate Guy General tips and ideas about Real Estate. Pictures of eye catching, beautiful homes. Comments on local dining, pub, vineyard experiences. etc.

Taken from the National Association of Realtors existing nationwide home sales report dated 12/19/18. If you a consideri...
02/08/2019

Taken from the National Association of Realtors existing nationwide home sales report dated 12/19/18. If you a considering selling your home this year then please contact me for a complimentary consultation.

Happy Superbowl Sunday everybody! I'm not one to watch the pre game talking heads all afternoon. I'd rather do home impr...
02/03/2019

Happy Superbowl Sunday everybody! I'm not one to watch the pre game talking heads all afternoon. I'd rather do home improvement.
The bottom level of my above ground townhouse is always colder than the upper levels and a big part of the problem is the garage door. So a quick $50 trip to Home Depot for some insulation panels and the proper construction adhesive. Cut to size and glue them in and we now have an insulated garage door which will help tremendously with comfort on the bottom level as well as my wallet for the electric bill.

11/22/2018
The great Turkey Massacre of 1978

This aired 40 years ago and is by far still the best Thanksgiving TV episode ever! Take a minute to enjoy this clip of "The great turkey massacre of 1978." Have a good laugh and have a safe and Happy Thanksgiving!

Turkeys drop from helicopter in radio station promotion gone bad. From the classic WKRP in Cincinnati episode "Turkey's Away" S01E07

What does Amazon's new headquarters coming to our area mean? It could mean good things for real estate investors and hom...
11/14/2018
What Amazon’s HQ2 will mean for house prices

What does Amazon's new headquarters coming to our area mean? It could mean good things for real estate investors and homebuyers alike if they get in early. It is astounding what has happened to the Seattle market in the past 5 years.
Whether you are considering the purchase of an investment property or just looking to buy your first home I'd like to help. Please contact me for a complimentary consultation. I look forward to hearing from you today.

Amazon has decided to locate its new headquarters in both Long Island City, N.Y., and Arlington County, Va.

75% of Renters Have Been Misinformed
11/09/2018
75% of Renters Have Been Misinformed

75% of Renters Have Been Misinformed

Recently, multiple headlines have been written asserting that homeownership is less affordable today than at any other time in the last decade. Though the headlines are accurate, they lack context and lead too many Americans to believe that they can’t partake in a major part of the American Dream ...

Looks like the market will continue to move at it's current pace despite rising interest rates. If you're considering bu...
09/07/2018
What Does the Future Hold for Home Prices?

Looks like the market will continue to move at it's current pace despite rising interest rates. If you're considering buying or selling real estate please contact me for a free consultation and learn more about what today's market can mean for you.

Home prices are at the top of everyone’s minds. Can they maintain their current pace of appreciation? Will rising mortgage rates negatively impact home values? Will the next economic slowdown cause prices to crash? Let’s try to answer these questions based on what has happened in the past as wel...

FOR RENT Available July 1st in downtown Leesburg! 3 bedroom, 2 full and 2 half baths. Hardwood floors and granite counte...
06/28/2018

FOR RENT
Available July 1st in downtown Leesburg!
3 bedroom, 2 full and 2 half baths. Hardwood floors and granite countertops. Walking distance to downtown shops, dining, and pubs. Pets allowed.
If interested, please contact me at (571) 447-6861

If you or someone you know is considering buying a home in the near future, now is a great time to talk to a real estate...
06/18/2018
4 Reasons Why Summer Is a Great Time to Buy a Home!

If you or someone you know is considering buying a home in the near future, now is a great time to talk to a real estate professional about what is possible. I am available to speak with you right now! Call me, text me, email, message....doesn't matter how. I look forward to hearing from you today.

Here are four great reasons to consider buying a home today instead of waiting. 1. Prices Will Continue to Rise CoreLogic’s latest Home Price Insights reports that home prices have appreciated by 7% over the last 12 months. The same report predicts that prices will continue to increase at a rate o

Good read!
05/13/2018
5 Ways Tax Reform Has Impacted the 2018 Housing Market

Good read!

Starting late last year, some predicted that the 2018 tax changes would cripple the housing market. Headlines warned of the potential for double-digit price depreciation and suggested that buyer demand could drop like a rock. There was even sentiment that homeownership could lose its coveted status....

88% of property managers have raised their rent in the last 12 months! Mortgage rates are still historically low! Why wo...
04/25/2018
Home Buying Myths Slayed [INFOGRAPHIC]

88% of property managers have raised their rent in the last 12 months! Mortgage rates are still historically low! Why would you even think about continuing to rent?

Some Highlights: The average down payment for first-time homebuyers is only 6%! Despite mortgage interest rates being over 4%, rates are still below historic numbers. 88% of property managers raised their rents in the last 12 months! The credit score requirements for mortgage approval

Great information on home values over the past 5 years.
03/09/2018
Home Prices: The Difference 5 Years Makes

Great information on home values over the past 5 years.

The economists at CoreLogic recently released a special report entitled, Evaluating the Housing Market Since the Great Recession. The goal of the report was to look at economic recovery since the Great Recession of December 2007 through June 2009. One of the key indicators used in the report to d

Should I Wait Until Next Year to Buy? Or Buy Now? [INFOGRAPHIC]
02/22/2018
Should I Wait Until Next Year to Buy? Or Buy Now? [INFOGRAPHIC]

Should I Wait Until Next Year to Buy? Or Buy Now? [INFOGRAPHIC]

Some Highlights: The Cost of Waiting to Buy is defined as the additional funds it would take to buy a home if prices & interest rates were to increase over a period of time. Freddie Mac predicts interest rates to rise to 5.1% by 2019. CoreLogic predicts home prices to appreciate by 4.

I say this all the time! You work hard for your money so make sure your money is working for you. Please contact me toda...
02/08/2018
Whether You Rent or Buy, Either Way You're Paying a Mortgage!

I say this all the time! You work hard for your money so make sure your money is working for you.

Please contact me today for a complimentary buyer consultation.

There are some people who have not purchased homes because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize, however, that unless you are living with your parents rent-free, you are paying a mortgage – either yours or your landlord’s. As Entrepreneur Magazin...

Iffy about selling? Here is some solid data from 2017. Don't let the "aggressive headline" scare you. Contact me today f...
01/25/2018
If You’re Considering Selling, ACT NOW!!

Iffy about selling? Here is some solid data from 2017. Don't let the "aggressive headline" scare you. Contact me today for a complimentary listing presentation.

Definitely an aggressive headline. However, as the final data on the 2017 housing market rolls in, we can definitely say one thing: If you are considering selling, IT IS TIME TO LIST YOUR HOME! How did we finish 2017? New-home sales were at their highest level in a decade. Sales of previous

Food for thought if you don't think you have enough saved up for a home purchase. Contact me today for a complimentary h...
01/19/2018
61% of First-Time Buyers Put Down Less than 6%

Food for thought if you don't think you have enough saved up for a home purchase. Contact me today for a complimentary home buyer's consultation.

According to the National Association of Realtors’ latest Realtors Confidence Index, 61% of first-time homebuyers purchased their homes with down payments below 6% from October 2016 through November 2017. Many potential homebuyers believe that a 20% down payment is necessary to buy a home and hav

What you thought wasn't possible before may just be possible now. If you are considering a home purchase but are unsure ...
01/10/2018
FICO® Scores on Approved Home Loans Drop Again

What you thought wasn't possible before may just be possible now. If you are considering a home purchase but are unsure if you are ready or not then please contact me today and let's find out where you stand.

According to Ellie Mae’s latest Origination Report, the average FICO® Score on all closed loans dropped to 722 which is its lowest mark since April. The average includes all approved refinance and purchase loans. FHA and VA loans showed the most opportunity for millennials looking to enter the ma

Winter is always a great time to get your house on the market. Here are 5 good reasons to back it up.
12/10/2017
5 Reasons to Sell This Winter!

Winter is always a great time to get your house on the market. Here are 5 good reasons to back it up.

Here are five reasons listing your home for sale this winter makes sense. 1. Demand Is Strong The latest Buyer Traffic Report from the National Association of Realtors (NAR) shows that buyer demand remains very strong throughout the vast majority of the country. These buyers are ready, willing and

One of the best things about this time of year in Loudoun county is without a doubt the Middleburg Christmas Parade that...
12/04/2017

One of the best things about this time of year in Loudoun county is without a doubt the Middleburg Christmas Parade that just took place this past Saturday. They begin in the morning by releasing the hounds for the fox hunt in the morning and then in the afternoon the parade begins and lasts for 75 minutes. The town of Middleburg provides such a beautiful setting for one of the best parades that you could ever witness. Hounds, Horses, Llamas, Hot Rods, Motorcycles, Classic Firetrucks, Marching bands, Cheerleaders, Boy and Girl scout troops, Elvis, and of course to top it off, Santa Claus in a horse drawn carriage. If you're looking for a great day with the family next December, let me suggest the Middleburg Christmas Parade.

Interest rates on mortgages are going up and yet still at historic lows. Even though housing prices have been edging up ...
11/16/2017
Mortgage Interest Rates Are Going Up… Should I Wait to Buy?

Interest rates on mortgages are going up and yet still at historic lows. Even though housing prices have been edging up due to low inventory in 2017, now is still a great time to consider home purchase.

Mortgage interest rates, as reported by Freddie Mac, have increased over the last several weeks. Freddie Mac, along with Fannie Mae, the Mortgage Bankers Association and the National Association of Realtors, is calling for mortgage rates to continue to rise over the next four quarters. This has c

Happy Veterans Day!I want to thank all Veterans out there from the bottom of my heart for your service to our great nati...
11/11/2017
Thank You for Your Service!

Happy Veterans Day!
I want to thank all Veterans out there from the bottom of my heart for your service to our great nation.

Thank you for your service!

It only took me all of 2017 in my spare time but I finally got these done and hung up in Lautown of Leesburg! Note the h...
09/10/2017

It only took me all of 2017 in my spare time but I finally got these done and hung up in Lautown of Leesburg! Note the happy wife in the mirror. Lol!

Are you considering putting your townhouse on the market but you want to wait for spring and summer when the market is i...
03/11/2017

Are you considering putting your townhouse on the market but you want to wait for spring and summer when the market is in full swing? Why wait?!
The lower end of the housing market is extremely low on inventory. Right now houses for sale in the $400,000 and below range are only on the market for a few days at a time before a contract is in place. Some are even selling in a "coming soon" status before they even get on the market.
Now is a great time to sell your townhouse!
If you'd like to learn more and see what your house could command on the market then please give me a call and let's discuss your situation today! (571)447-6861

Stay warm!

Thank you again Mr. Peterson for allowing me to help you and Mrs. Peterson find your first home. I'm looking forward to ...
12/08/2016

Thank you again Mr. Peterson for allowing me to help you and Mrs. Peterson find your first home. I'm looking forward to the housewarming .

Congratulations to my very good friends the Peterson's on the purchase of their new home! Enjoy it with your family and ...
11/18/2016

Congratulations to my very good friends the Peterson's on the purchase of their new home! Enjoy it with your family and thank you for choosing Kenny the Real Estate Guy as your agent.

My Uncle JC Reeves just posted a picture of his leaf stuffed gutters and it's a great reminder for all of us to get out ...
11/13/2016

My Uncle JC Reeves just posted a picture of his leaf stuffed gutters and it's a great reminder for all of us to get out there to check and make sure those gutters and downspouts are free flowing going into winter. Be proactive and take care of your investment!

Come see me as I host an open house at this amazing property tomorrow, August 21st in Leesburg. 1-4 pm. Over 3500 sq ft ...
08/20/2016
529 Fortress Cir Se, Leesburg, VA 20175 - Home For Sale and Real Estate Listing - realtor.com®

Come see me as I host an open house at this amazing property tomorrow, August 21st in Leesburg. 1-4 pm. Over 3500 sq ft of home that backs to forest for excellent outdoor privacy. Minutes from downtown Leesburg and the W O and D bike trail connects to the neighborhood.
I look forward to seeing you there!

529 Fortress Cir Se, Leesburg, VA 20175 a single family home is 3,444 Sq. Ft., 4 beds, and 4 baths. Visit 30 photos on realtor.com(R), listing value of $599,990.

Just a friendly reminder folks. Mother nature cranked up the heat on us by about 30° this week. Since you're switching ...
05/28/2016

Just a friendly reminder folks. Mother nature cranked up the heat on us by about 30° this week. Since you're switching from heat to A/C in your home, this is a great time to swap out those air filters if you haven't done so already.

Happy Memorial day weekend to all!

Come see me tomorrow at the open house! 1pm-4pm. This is a wonderful upper deck condo with a view in the heart of Ashbur...
03/25/2016
43852 Artsmith Ter, Ashburn, VA 20147 - Home For Sale and Real Estate Listing - realtor.com®

Come see me tomorrow at the open house! 1pm-4pm. This is a wonderful upper deck condo with a view in the heart of Ashburn. And bring that friend that's looking for a new home. I look forward to seeing you there!

43852 Artsmith Ter, Ashburn, VA 20147 a single family home is 2,552 Sq. Ft., 3 beds, and 3 baths. Visit 26 photos on realtor.com(R), listing value of $359,990.

I own a house similar to this one here that I saw today. Mine may have been in slightly better condition than this one w...
03/23/2016

I own a house similar to this one here that I saw today. Mine may have been in slightly better condition than this one when I bought it 6 years ago. Me and a good friend of mine put a lot of effort that summer into making my old house new again. Where many see junk, I saw the potential. I'm sure many thought I was nuts. After nearly 5 years of renting, it is now in the process of being sold.
Investment properties can be a great supplement to your income as this one was for me. Honestly I didn't expect nor did I plan to own it for as long as I did but I was pretty comfortable with opening the mailbox every month and grabbing another fat rent check!
If this sounds appealing then let me know. Perhaps I can help you with finding the right investment property to suit your needs. Whether it's a rental or a flip, let's begin the search today!

Kenny Lau
[email protected]
(571) 447-6861

03/04/2016
Virginia Housing Development Authority

Do you know anybody who wants to buy real estate but feel as though they don't have enough for a down payment? Or maybe they feel like they will never have enough and therefore impossible?
Let them know that a large down payment is NOT necessary. There are currently many low cost to no cost down payment options available. The Virginia Housing Development Authority (VHDA) offers a few programs to help buyers get into a new home. Here are a few:

The VHDA MCC or Mortgage Credit Certificate is a credit against your federal income tax liability. The MCC is equal to 20% of the annual mortgage interest you pay and is good for the life of your mortgage. This could save you thousands of dollars by reducing the amount of tax you owe. Awesome!

The VHDA Fannie Mae 97% No Mi loan is affordable financing for more than just first time homebuyers. No Mi means no mortgage insurance required which translates to a lower monthly mortgage payment. 97% means 97% financing with a 3% down payment. Sound possible now?

How about the VHDA plus? No down payment cash is needed because you get a mortgage for the house and they give you a second mortgage to pay for the down payment and closing costs.
WHAT? I can do that?! Yes! Yes you can.

Other than the VHDA:

Ever heard of National Homebuyers Fund? NHF will give you a non-repayable grant of up to 5% of the loan to help fund your down payment and closing costs. You heard me correct. A grant is non-repayable. Dare I say....free money!

Last is the USDA! This a 100% loan from the USDA Rural development loan program. The property has to be in an eligible area. Just so you know most of Loudoun County is eligible. You will have to go to there website to check eligibility.

There you have some great possibilities that are low to no down payment. Of course there are some qualifications you have to meet with each one of these options but these are designed to make homebuying possible.
Have those people you know give me a call and let's talk about buying a home.

Kenny The Real Estate Guy
Kenny Lau
Century 21 Redwood Realty
571-447-6861
[email protected]

VHDA helps Virginians attain quality, affordable housing.

Is anybody considering selling a home this year?  If you want to get it on the market in the spring or early summer then...
02/17/2016

Is anybody considering selling a home this year?

If you want to get it on the market in the spring or early summer then now is the time to game plan. Here are a few things that you can do to prepare your home for peak real estate season.

- Improve the landscaping. Curb appeal IS the first impression to potential buyers!

- Clean the outside. Clean the gutters and pressure wash the exterior of the house to make it sparkle.

- Make the front porch inviting. Replace that old, worn doormat with a new one. Add a fresh coat of paint to the front door. Colors that contrast the rest of the house will make the door stand out. Spray paint those dingy house numbers to make them pop new again.

- Declutter and organize busy areas of the house. If things are too jumbled up and appear to be in disarray then if will give potential buyers the feeling of not enough space.

These are a few ideas to help you get moving in the right direction. If you or somebody you know are considering selling this year then please feel free to contact me and we can work on that game plan together!
Have a great day my friends!

Kenny The Real Estate Guy
(571) 447-6861
[email protected]

Address

43777 Central Station Drive, Suite 390
Ashburn, VA
20147

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