Andre Gutierrez

Andre Gutierrez Andre Gutierrez is a residential real estate consultant who helps people buy, sell, invest, build, and rent residential homes in Virginia.
(7)

Really good read! It will be interesting to see how this plays out over the next few months.#AndreSellsVA
05/07/2020
Why Home Prices Are Rising During the Pandemic

Really good read! It will be interesting to see how this plays out over the next few months.

#AndreSellsVA

The economy is shrinking, businesses are closing and jobs are disappearing. But in the housing market, prices keep chugging higher.

*Joey from Friends voice*How you doing?🤙#AndreSellsVA
05/06/2020

*Joey from Friends voice*

How you doing?🤙

#AndreSellsVA

If you're considering doing a HELOC you may want to act ASAP! We have contacts that can still help do them...#AndreSells...
05/05/2020
Wells Fargo joins Chase in halting HELOCs - HousingWire

If you're considering doing a HELOC you may want to act ASAP! We have contacts that can still help do them...

#AndreSellsVA #HELOC

Wells Fargo announced Thursday evening that it is no longer accepting applications for new home equity lines of credit. The change goes into effect May 1.

Seriously - to my lender friends 👀#AndreSellsVA #ClearToClose
05/03/2020

Seriously - to my lender friends 👀

#AndreSellsVA #ClearToClose

Smh#AndreSellsVA
05/02/2020

Smh

#AndreSellsVA

The normal we have known and been comfortable with for so long is no longer here. Every part of our life is changing, so...
04/23/2020
Metro to announce it will close nine stations in Virginia this summer

The normal we have known and been comfortable with for so long is no longer here. Every part of our life is changing, so the focus should be on what we can directly control. Adaption, action and innovation are key moving forward in all aspects of our personal and professional lives.

#AndreSellsVA

ABC7 has learned Metro will announce later today that it will close three times as many stations as expected this summer, including the entire Silver Line in Virginia. Metro had originally planned to close East Falls Church, Dunn Loring, and Vienna for platform reconstruction work while leaving West...

😂😂😂😂#AndreSellsVA
04/18/2020

😂😂😂😂

#AndreSellsVA

Pandemic✔Narrow timeframe✔Multiple Offers✔Full asking price needed✔Settled this week✔#AndreSellsVA #JustSold
04/17/2020

Pandemic✔
Narrow timeframe✔
Multiple Offers✔
Full asking price needed✔
Settled this week✔

#AndreSellsVA #JustSold

"“The youthfulness, work ethic, and resilience of the Hispanic community will play a critical role in the revitalization...
04/15/2020
Hispanic Homeownership Posted Big Gains in 2019

"“The youthfulness, work ethic, and resilience of the Hispanic community will play a critical role in the revitalization of America’s post-pandemic economy.”🙌🙌

https://magazine.realtor/daily-news/2020/04/15/hispanic-homeownership-posted-big-gains-in-2019?AdobeAnalytics=ed_rid%3D3208486%26om_mid%3D2342%7CRealtorMagNews_2020_04_15%26om_nytpe%3DREALTOR%20MAG%20NEWS

“The Hispanic community will play a critical role in the revitalization of America’s post-pandemic economy,” a NAHREP spokesman asserts.

It will be interesting to see how this plays out...."As financial markets continue to heal, we expect mortgage rates wil...
04/09/2020
Freddie Mac predicts mortgage rates will drop even further

It will be interesting to see how this plays out....

"As financial markets continue to heal, we expect mortgage rates will drift lower in the second half of 2020," said Freddie Mac."

#AndreSellsVA

Mortgage rates are near historic lows. But one of the nation's major government-sponsored mortgage companies predicts they will drop even further.

"But other factors are also influencing loan pricing at the ground level. “There’s a lot of volatility in markets in gen...
04/09/2020
Mortgage rates are near record lows, but home buyers may face an uphill battle in securing them

"But other factors are also influencing loan pricing at the ground level. “There’s a lot of volatility in markets in general,” Hale said. “People see that in the stock market, which swings up and down depending on the time of day, and that’s also true in the mortgage market.”

#AndreSellsVA #InterestRates

Given the volatility of mortgage rates in recent weeks, time is of the essence for those looking to secure cheap home financing.

04/06/2020

HUD announces further homeowner relief measures

With many businesses closed up and a record number of people without paychecks due to the coronavirus emergency, the government is taking steps to allow some borrowers to pause their mortgage payments for six months or longer.

According to HousingWire’s Ben Lane, The Department for Housing and Urban Development announced that the Federal Housing Administration has introduced a “tailored set of mortgage payment relief options” for FHA mortgage borrowers who are affected by the coronavirus, including the ability for federally-backed borrowers to defer their mortgage payments for anywhere from 6-12 months.

“Effective immediately for borrowers with a financial hardship that makes them unable to pay their mortgage due to the COVID-19 National Emergency, mortgage servicers must extend deferred or reduced mortgage payment options – called forbearance – for up to six months, and must provide an additional six months of forbearance if requested by the borrower,” HUD and the FHA said Thursday.

These payment relief options are part of the Coronavirus Aid, Relief, and Economic Security Act (CARES), which was signed into law on March 27. Lane says that according to the FHA, the forbearance option applies to any borrower who has an FHA loan and is experiencing a coronavirus-related hardship. “The issue of forbearance is that typically when the forbearance period ends, the borrower is required to either pay the full amount of missed payments in one lump sum or work with their mortgage servicer on some kind of payment plan,” he says. He adds that in an effort to avoid any issues with the end of forbearance, the FHA is also rolling out a new program that will allow borrowers to hold off on paying the full amount of their forbearance period until their mortgage is paid off.

The FHA also implemented the COVID-19 National Emergency Partial Claim, an option to be used by servicers when the COVID-19 forbearance period ends, saying, “This partial claim will help eligible homeowners who have been granted special COVID-19 National Emergency forbearance to reinstate their loans by authorizing servicers to advance funds on behalf of homeowners.” Through this option, borrowers are given an interest-free subordinate mortgage that they do not have to pay off until their first mortgage is paid off.

Homeowners experiencing financial hardship as a result of the COVID-19 National Emergency are advised to immediately contact their mortgage servicer to discuss forbearance or other options that may be available to them.

04/04/2020
03/31/2020

I copied this from another realtor❤❤

❤️This message is to my non realtor friends.❤

Based on what you see on TV, you may believe Realtors are concerned because they can’t sell homes or hold open house.

The Federal government labeled residential real estate “essential” last week, and let me explain why....it’s not about “sales”, In reality, our government and the real estate industry are much more concerned about people with these sorts of challenges:
🔵 A mother of two boys who just lost her husband in a horrible car accident last night. They didn’t have life insurance. She realizes she can no longer afford the home her and her children live in. That mom desperately needs to sell the house and get a smaller one in the same school district because she doesn’t want the kids to be further dramatized by losing their friends right after just losing their dad.
🔵 The 80-year-old couple who just moved into a small condo to cut expenses and put their 4-bedroom colonial up for sale. They lost most of their life savings this month in the stock market crash. They must now sell their previous house immediately because they need the proceeds of that sale to sustain them financially.
🔵 A couple with an infant daughter who has special long-term medical needs. They must move closer to the hospital that specializes in the type of procedure required to heal their little one. They need to move now.
🔵 A woman and her two small kids who has been in an abusive relationship and finally had the courage to say enough is enough! Her priority is to get her kids to a safe home, she needs to move now.

TV concentrates on the glitz and glamour of the profession. In reality, Realtors serve many people through some extraordinarily difficult times. Death, divorce, sickness, job loss. The list goes on.

We don’t talk much about these people and their situations as we simply aren't able to for privacy purposes.

Situations like those mentioned above and many others are taking place right now all over the country. We promise you its not to be selfish, but people do still need to buy, sell or rent a home as a basic need. It’s not about “sales” right now, it’s about serving those that need to move most!

"A mix of new retail and residential buildings are envisioned in Manassas Park, Northern Virginia’s youngest city, all i...
03/31/2020
Manassas Park to announce new downtown development plans Tuesday

"A mix of new retail and residential buildings are envisioned in Manassas Park, Northern Virginia’s youngest city, all in an effort to attract new residents and shoppers to the area."

#AndreSellsVA

A mix of new retail and residential buildings are envisioned in Manassas Park, Northern Virginia’s youngest city, all in an effort to attract new residents and shoppers to the area.

"Residents can expect to see their annual real estate bills drop, even with this year’s 5-percent increase in the value ...
03/22/2020
Round Hill Adopts $8.3M Budget with Large Real Estate Tax Reduction - Loudoun Now

"Residents can expect to see their annual real estate bills drop, even with this year’s 5-percent increase in the value of the average Round Hill single-family home—which is now up to about $431,300, according to the county Commissioner of the Revenue’s 2020 Assessment Report. The average single-family homeowner should expect to see their annual real estate bill drop by $230, down to $431."

#AndreSellsVA

Round Hill residents will see a reduction in their real estate tax bills this coming year. The Town Council on

With so many negative opinions and thoughts floating around out there right now I want to be able to provide  relevant a...
03/21/2020

With so many negative opinions and thoughts floating around out there right now I want to be able to provide relevant and accurate data regarding this entire pandemic and how it is predicted to impact the housing market. Everyday this past week we are getting questions and statements comparing this to the market crash of 2008. After reading several articles, watching live interviews, and listening to several podcasts with top economists and real estate experts here is a mash up of a few articles I think are worth your time.

***Question: Are we headed to a market crash similar to 2008?

1. The Market Today Is Vastly Different from 2008.

Today’s market conditions are far from the time when housing was a key factor that triggered a recession. From easy-to-access mortgages to skyrocketing home price appreciation, a surplus of inventory, excessive equity-tapping, and more – we’re not where we were 12 years ago. None of those factors are in play today. This is not an entire system collapse as was 2008. This is instead an event that is happening that will cause a slow down, but not a collapse.

In addition, the Goldman Sachs GDP Forecast (I have attached the image) released this week indicates that although there is no growth anticipated immediately, gains are forecasted heading into the second half of this year and getting even stronger in early 2021. Both of these expert sources indicate this is a momentary event in time, not a collapse of the financial industry. It is a drop that will rebound quickly, a stark difference to the crash of 2008 that failed to get back to a sense of normal for almost four years. Although it poses plenty of near-term financial challenges, a potential recession this year is not a repeat of the long-term housing market crash we remember all too well.

***Question: Is a recession a housing crisis?

Take a look at the past five recessions in U.S. history (I have attached the graph). Home values actually appreciated in three of them. It is true that they sank by almost 20% during the last recession, but as we’ve identified above, 2008 presented different circumstances.

***Question: Will we see foreclosures start to flood the market?

Many are concerned we may see a new wave of foreclosures. Restaurants, airlines, hotels, and many other industries are furloughing workers or dramatically cutting their hours. Without a job, many homeowners are wondering how they’ll be able to afford their mortgage payments. In spite of this, there are actually many reasons we won’t see a surge in the number of foreclosures like we did during the housing crash over ten years ago. Here are just a few of those reasons:

1. The Government Learned its Lesson the Last Time

During the previous housing crash, the government was slow to recognize the challenges homeowners were having and waited too long to grant relief. Today, action is being taken swiftly. Just this week
• The Federal Housing Administration indicated it is enacting an “immediate foreclosure and eviction moratorium for single family homeowners with FHA-insured mortgages” for the next 60 days.
• The Federal Housing Finance Agency announced it is directing Fannie Mae and Freddie Mac to suspend foreclosures and evictions for “at least 60 days.”

2. Homeowners Learned their Lesson the Last Time

When the housing market was going strong in the early 2000s, homeowners gained a tremendous amount of equity in their homes. Many began to tap into that equity. Some started to use their homes as ATM machines to purchase luxury items like cars, jet-skis, and lavish vacations. When prices dipped, many found themselves in a negative equity situation (where the mortgage was greater than the value of their homes). Some just walked away, leaving the banks with no other option but to foreclose on their properties.
Today, the home equity situation in America is vastly different. From 2005-2007, homeowners cashed out $824 billion worth of home equity by refinancing. In the last three years, they cashed out only $232 billion, less than one-third of that amount. That has led to:

•37% of homes in America having no mortgage at all
•Of the remaining 63%, more than 1 in 4 having over 50% equity

This stat is huge!

Even if prices dip (and most experts are not predicting that they will), most homeowners will still have vast amounts of value in their homes and will not walk away from that money.

Additionally, mortgage payments as a % of income are historically 21.2%. Currently we are sitting at 14.8%! This is very different than how we were sitting in 2008.

***I know this is a lot of information but the bottom line is these are not going to be easy times. However, the lessons learned from the last crisis have Americans better prepared to weather the financial storm. We can choose negativity every day or we can look to the positive of the future ahead. We will get through this. Phillip and I are here for our clients, friends and family and will continue to keep you updated! Try to see the positive of down time and spend it loving and being with your family.

#AndreSellsVA

Check out the outside photos of our new listing coming on in Chantilly!http://homes.btwimages.com/4211pennsboropl/?mls#&...
03/20/2020
4211 Pennsboro Pl

Check out the outside photos of our new listing coming on in Chantilly!

http://homes.btwimages.com/4211pennsboropl/?mls#&gid=1&pid=4

Amazing value in the heart of Chantilly, zoned to Rocky Run Middle School and Chantilly High School! Sitting at the end of a charming cul de sac, this single family, 4 bedroom, 2 bathroom has beautiful newer wood floors, freshly painted throughout and lots of upgrades, including newer dual zone HVAC...

🙏❤
03/20/2020

🙏❤

"The Fed on Sunday said it will begin buying $200 billion of mortgage-backed bonds, a move that will stabilize and likel...
03/16/2020
Mortgage rates likely to fall again after the Fed's latest dramatic response to coronavirus

"The Fed on Sunday said it will begin buying $200 billion of mortgage-backed bonds, a move that will stabilize and likely lower mortgage rates, which moved sharply higher last week."

#AndreSellsVA #InterestRates #CoronaVirus

The Federal Reserve announced it will begin buying $200 billion of mortgage-backed bonds, a move that will stabilize and likely lower mortgage rates, which moved sharply higher last week.

Address

4090 Lafayette Center Dr
Chantilly, VA
20151

Opening Hours

Monday 08:30 - 19:30
Tuesday 08:30 - 19:30
Wednesday 08:30 - 19:30
Thursday 08:30 - 19:30
Friday 08:30 - 19:30
Saturday 09:00 - 18:00
Sunday 10:00 - 17:00

Telephone

(703) 586-7338

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