Haymarket Virginia Real Estate ~ Homes For Sale In Piedmont ~ 6468 Ashby Grove Loop

Gorgeous Home For Sale In Piedmont

6468 Ashby Grove Loop ~ Offered For Sale At: $349,900

Enjoy the ammenities of Piedmont Country Club and the close proximity to I-66. This gorgeous home is in move in condition. It is ideally sited on a quiet corner lot just outside the gates of Piedmont Country Club. It’s a beautiful colonial style home with an open, contemporary floor plan which creates a bright and spacious interior. Gleaming hardwood floors grace the entire main level. Spacious Kitchen adjoins HUGE family room with sunroom extension and gas fireplace. Spectacular master suite boasts large sitting room, luxury bath and walk-in closet. Fully finished lower level provides a gigantic rec-room, fifth bedroom,  full bath and walkout to back yard.

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Ed Butler (Licensed In Virginia) RE/MAX Gateway Three Offices For Your Convenience

7521 Virginia Oaks Drive Gainesville, VA 20155

42365 Soave Drive, Suite 200 Brambleton, VA 20148

4090-B Lafayette Center Drive Chantilly, VA 20151

When It’s SOLD, The Butler Did It!

Haymarket Real Estate and Piedmont Real Estate ~ How HAFA Can Help Financially Challenged Homeowners

This past November, the Treasury Department released guidelines for its new Home Affordable Foreclosure Alternatives Program (HAFA), designed to help homeowners who are unable to retain their home under the Home Affordable Modification Program (HAMP). Under HAFA, homeowners may be able to avoid foreclosure by completing a short sale or a deed-in-lieu of foreclosure (DIL). If you or someone you know is having trouble making mortgage payments, understanding this new government program is essential.

As a Member of the Top 5 in Real Estate Network(R), I have consulted with many clients faced with a distressed property situation. The good news is HAFA is designed to simplify and streamline the use of short sales and deeds-in-lieu of foreclosure by improving the process.

Here’s how:

• Help homeowners who are HAMP eligible but nevertheless unable to keep their home
• Use financial and hardship information already collected in connection with consideration of a loan modification
• Allow borrowers to receive pre-approved short sales terms before listing the property
  • Require borrowers to be fully released from future liability for the first mortgage debt and if the subordinate lien holder receives an incentive under HAFA, that debt as well
• Use standard processes, documents, and timeframes/deadlines
• Provide financial incentives: $1,500 for borrower relocation assistance; $1,000 for servicers to cover administrative and processing costs; and up to a $1,000 match for investors for allowing a total of up to $3,000 in short sale proceeds to be distributed to subordinate lien holders

To be eligible for HAFA, homeowners must meet the basic eligibility criteria for HAMP:

• The home must be your principal residence
• The first lien must have originated before 2009
• Mortgage delinquent or default is reasonably foreseeable
• The unpaid principal balance cannot exceed $729,750 (higher limits for 2- to 4-unit dwellings).
• The borrower’s total monthly payment exceeds 31% of gross income

Under HAFA, the forgiven debt due to a short sale will not be taxed if the amount of forgiven debt does not exceed the debt that was used to acquire, construct, or rehabilitate a principal residence. Check with your tax advisor. Please also know that while the debt will be forgiven, the short sale will be reported to credit agencies and have some degree of negative impact on your credit. Short sale agreements must be executed and returned no later than December 31, 2012.

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Ed Butler (Licensed In Virginia) RE/MAX Gateway Three Offices For Your Convenience

4090-B Lafayette Center Drive Chantilly, VA 20151

7521 Virginia Oaks Drive Gainesville, VA 20155

10135 Colvin Run Road Great Falls, VA 22066

When It’s SOLD In Piedmont, The Butler Did It!

Piedmont Real Estate ~ FHA to Announce Changes This Week

Congress requires the Federal Housing Administration to maintain a capital reserve of at least 2 percent, but in October 2009 that reserved dropped below that limit. Congress and the Obama Administration asked FHA to make some changes to make sure it remains strong.

We’ll find out what those changes are later this week (the specific date wasn’t available at press time). Meantime, our friends at NAR have been discussing the issue, and say they expect changes in several areas. For example, they suggested improving FHA loan quality by, among other things, increasing ‘upfront cash’ that a borrower has to bring to the table, eliminating the ability to finance the upfront premium, increasing the cash investment required above 3.5%, and imposing a loan-to-value maximum ratio based on FICO score.

There’s a lot more to it, and you can read the details of what NAR had to say on VARbuzz.

Bottom line:

FHA will be transformed over the next few years. The changes outlined above are the beginning of the process with additional changes expected during the tenure of FHA Commissioner Dave Stevens. Going forward, FHA will continually evaluate programmatic changes and will likely withdraw them when the capital ratio returns above 2 percent. However, it is unlikely FHA will relax risk management and lender monitoring enhancements.

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Ed Butler (Licensed In Virginia) RE/MAX Gateway Three Offices For Your Convenience

4090-B Lafayette Center Drive Chantilly, VA 20151

7521 Virginia Oaks Drive Gainesville, VA 20155

10135 Colvin Run Road Great Falls, VA 22066

When It’s SOLD In Piedmont, The Butler Did It!

Gainesville Virginia Real Estate ~ Homes For Sale In Piedmont South ~ 5513 Altenbury Loop

Contract Pending

5513 Altenbury Loop Gainesville, VA

Offered For Sale At: $414,900

MLS Comments:

Beautiful Avalon Model with Brick Front*3 Finished Levels*3,600+ finished sq ft*Near Cul-de-sac*Backs to Expansive Common Area*4Bedrooms*2.5Baths*2 Storyl Foyer*Kitchen with Corian,Stainless Steel Appliances,Cook Top,Double Wall Ovens*Sitting Room Off Kitchen *Family Room with Fireplace*Master Suite with Sitting Area & Luxury Bath*Finished lower level with Walk-Out and  rough-in for full bath*Short Sale*Third Party Approval Required*Professionally Negotiated By Advanced Title*CDPE/CDRS Listing Agent

My Thoughts:

This 4 bedroom 2.5 bathroom home is sited on a .21 acre lot that backs to wooded common area. It is conveniently located at 5513 Altenbury Loop . Boasting approximately 3,600+ sq ft of living space, this home in the sought after community of Piedmont South is incredibly appointed. Generous room sizes, upgraded counter tops, cabinets and appliances, a fully finished basement with rec-room and walk-out, H U G E master suite with dual walk-in closets and luxurious master bath make this home THE MUST SEE home in Piedmont South!

(Click On A Photo Below To Expand View)

Brokered by: RE/MAX Gateway

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Ed Butler (Licensed In Virginia) RE/MAX Gateway Three Offices For Your Convenience

4090-B Lafayette Center Drive Chantilly, VA 20151

7521 Virginia Oaks Drive Gainesville, VA 20155

10135 Colvin Run Road Great Falls, VA 22066

When It’s SOLD In Piedmont, The Butler Did It!

Haymarket Real Estate ~ Piedmont Country Club Community Information ~ Prime Rib Night At Piedmont Country Club

New Prime Rib Night

Date: Friday, January 8, 2010
Time: 5:00pm – 8:00pm
Location: Piedmont Club Dining Room and Bar

This is a weekly, Ala carte style dinner feature served in the Family Dining room or bar.

Two different cuts available:
1) Big Lug (14 oz) … $19.95
2) Slender Tender (8 oz) … $13.95

Signature Flavor Profiles:
Everyone has an option to add a flavor profile at no additional cost.

-Blackened
-Pepper Crusted
-Cabernet Braised Onions
-Regular

Signature Sides:
All plates are served with the Club’s signature sides.

-Loaded Baked Potato, Roasted Garlic Mashed Potatoes, or Sweet Potato Fries
-Truffle Scented Yorkshire Pudding
-Smoky Bacon Horseradish Sauce

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Ed Butler (Licensed In Virginia) RE/MAX Gateway Three Offices For Your Convenience

4090-B Lafayette Center Drive Chantilly, VA 20151

7521 Virginia Oaks Drive Gainesville, VA 20155

10135 Colvin Run Road Great Falls, VA 22066

When It’s SOLD In Piedmont, The Butler Did It!

Haymarket Virginia Real Estate ~ Homes For Sale In Piedmont Country Club ~ 5911 Amber Ridge Road

5911 Amber Ridge Road Haymarket, VA

Offered For Sale At: $475,000

MLS Comments:

Just down the street from the clubhouse! Located on a pipestem with over one-third of an acre, this spacious and open colonial boasts hardwood floors throughout the main and upper level. Kitchen with center island, cooktop, double wall oven, walk-in pantry. Sunroom addition backs to trees. Master Bedroom has walk-in closet and private bath with soaking tub. Secondary bedrooms also have direct access to baths. Mudroom off two car garage.

My Thoughts:

This 4 bedroom 3.5 bathroom home is sited on a .35 acre lot located at 5911 Amber Ridge Road. Boasting approximately 3,400 sq ft of living space (with a full unfinished basement that can be finished as your needs grow!), this home in the sought after community of Piedmont Country Club is nicely appointed. Generous room sizes, hardwood floors on the upper two levels, a two story family room and private location are just a few of the best qualities of this home.

How This Property Compares:

There are currently fourteen single family, detached properties in the gated section of Piedmont known as Piedmont Country Club. Of the fourteen active mls listings, eight of these properties are priced for less and five are priced for more than this home. One property has less bedrooms and three have more bedrooms. Three properties have a fewer full baths and six have more. Ten of the properties have smaller lot sizes while three have larger lot sizes. Only one of the fourteen properties has a larger garage. All thirteen of the other properties have been on the market longer as this home has only been on the market for two days.

(Click On A Photo Below To Expand View)

Brokered by: RE/MAX Gateway

Click Here To See EVERY Home For Sale In Piedmont

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Ed Butler (Licensed In Virginia) RE/MAX Gateway Three Offices For Your Convenience

4090-B Lafayette Center Drive Chantilly, VA 20151

7521 Virginia Oaks Drive Gainesville, VA 20155

10135 Colvin Run Road Great Falls, VA 22066

When It’s SOLD In Piedmont, The Butler Did It!

Gainesville and Haymarket Real Estate ~ Piedmont Communities Real Estate ~ Top 3 Real Estate Mortgage Scams: What You Need To Know

RISMEDIA, November 2, 2009—Being a homeowner is one of the biggest dreams for the American people. Due to record numbers of homeownership and cheap mortgage rates, individuals who did not own a home previously are now looking for mortgages for financing their ambitions. On certain occasions, the dream of homeownership is associated with a cost that exceeds the mortgage.

For finding out how much your mortgage is going to cost you, a loan mortgage calculator often works as a user-friendly tool. Nevertheless, this tool can’t save you all the time. Similar to other forms of investment, real estate mortgage loans are also subject to scams. Mortgage frauds and scams can make you lose thousands of dollars on interest as a minimum because of excessive fees and other hidden costs. The worst that can happen is that you can lose your home to foreclosure.

According to industry professionals, there are three principal or familiar types of real estate fraud:

1. Identity theft via mortgage request
2. Bait and switch
3. Loan flipping

For preventing scams, it has been witnessed that offense is the best defense. Understand the truth and don’t hesitate to make queries.

Bait and switch is a fraudulent sales technique where a loan product is publicized at a lucrative rate (bait). However, the product or rate is subsequently changed for the gain of the lender (switch). This is an utterly illegitimate and deceitful practice. For instance, one interest rate is assured at the time of selling a loan, but a bigger rate is provided at the time of closing.

When you’re obtaining a pre-approval or mortgage quote, you believe that your question with the lender is secret, right? You’re wrong. On many occasions, important financial details about you and your mortgage requirements are hacked by vying lenders. This can happen within 24 hours of your credit bureau inquiry. Your loan officer is even unaware of this. Many firms provide countrywide accessibility to your financial details to the lenders and everybody in your city who requested for a mortgage within the last 24 hours. Any other lender can talk to these individuals the following day and give them a pre-approval for an improved mortgage loan.

One more dilemma is mortgage solicitation through telephone, the Internet or door to door. These scams involve filling in an application through fax, the Internet or over the telephone and often the rates are phony. However, it is not the largest issue to be bothered about–it is nothing but identity theft. Even though the rates are legitimate, the company would get all your important details such as your social security number that can result in mortgage scam or identity theft.

Another type of mortgage scam that is prevalent in the real estate industry is loan flipping. Loan flipping denotes frequent refinancing of a mortgage within a small time frame with very small gains to the borrower. It takes place when a borrower can’t keep up with the planned payments or constantly combines other unsecured loans into a new secured loan at the request of a lender. Lenders flipping loans ask for too much origination fee with every consecutive refinancing. They might ask for these fees on the basis of the whole loan amount, not only on the increased amount summed up with the loan principal through refinancing. In addition, every refinancing might attract prepayment penalties that can be funded as a portion of the overall loan amount, accumulating the debt of the borrower.

If you’re buying a home, looking for a home equity loan or considering a mortgage refinance, it is better to work with a trustworthy lender. You must shop around and do some homework to get the best offers. Try to stay away from furnishing any details until you’re confident that the company or individual you’re talking to is right for you.

Protect Yourself From Identity Theft

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Ed Butler (Licensed In Virginia) RE/MAX Gateway Three Offices For Your Convenience

4090-B Lafayette Center Drive Chantilly, VA 20151

7521 Virginia Oaks Drive Gainesville, VA 20155

10135 Colvin Run Road Great Falls, VA 22066

When It’s SOLD, The Butler Did It!

Gainesville and Haymarket Real Estate ~ Piedmont Community Information ~ The Piedmont link newsletter (Oct-Nov-Dec 2009 edition)

From the Piedmont Homeowners Association at Piedlink.org

You should have received the most recent edition of the Piedmont Link in your mailbox. It’s full of all that is going on in our community. Community Events, Schedule of classes for the Athletic Club, Activities & Events, etc…

For your convenience we have made it available HERE. Enjoy!

Selling A Home? Click Here

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Ed Butler (Licensed In Virginia) RE/MAX Gateway Three Offices For Your Convenience

4090-B Lafayette Center Drive Chantilly, VA 20151

7521 Virginia Oaks Drive Gainesville, VA 20155

10135 Colvin Run Road Great Falls, VA 22066

When It’s SOLD In Piedmont, The Butler Did It!

Gainesville and Haymarket Real Estate ~ Selling A Home In Piedmont ~ Improving Your Home’s Value

Fast Ways to Update Your Kitchen, Increase Value

While there are many different variables that contribute to selling a home, during the course of my real estate career, I have witnessed one constant: the kitchen.

Today, the kitchen has become more of a multi-functional space than ever before, where cooking happens alongside bill paying and homework, not to mention the kitchen’s role as social hub for family and friends. That’s why it’s more important than ever to buyers and sellers alike that this key room be fresh and inviting.

While home improvement experts report that kitchen remodels provide anywhere from an 80-100% return on investment, based on my years of experience working with homeowners, I have found that just by updating certain aspects, the entire look and feel of the kitchen can be refreshed and modernized—and your home’s value increased in the process.

As design expert Melissa Birdsong, vice president for Trend, Design & Brand at Lowe’s Companies, Inc. (www.lowes.com), says, if the kitchen is outdated and tired, the whole house can feel that way; a few simple updates can make all the difference in getting the green light on the buying decision. So whether you want to update your kitchen for your own lifestyle enhancement or to help move it off the market, try these tips from Birdsong:

1. Color and light are the easiest, most cost-efficient elements to add personality and ambience to the kitchen. Use your vegetable bin and spice cabinet for inspiration! A scheme of natural greens, yellows, mustards and russets washed with dimmable overhead and under-cabinet lighting can add energy as well as create a level of calm.

2. If the existing cabinets are sturdy but the finish is sending out a distress signal, a well-executed paint job can turn it around. Mismatched appliances and worn flooring are other leading visual cues, so if the budget permits, replace them.

3. Last but not least, add sparkle and a new point of view to the kitchen by replacing the metals palette–cabinet hardware, faucet, lighting and outlet covers. A few thoughtfully chosen, simple finish updates can seal the deal.

As a Member of the Top 5 in Real Estate Network(R), I have access to more great ideas for improving your kitchen as well as all areas of your home…both for your own lifestyle enjoyment and to increase your home’s value. Please contact me to discuss other ways to improve your home’s value and please forward this email to your social network who may also find it helpful.

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Ed Butler (Licensed In Virginia) RE/MAX Gateway Three Offices For Your Convenience

4090-B Lafayette Center Drive Chantilly, VA 20151

7521 Virginia Oaks Drive Gainesville, VA 20155

10135 Colvin Run Road Great Falls, VA 22066

When It’s SOLD, The Butler Did It!

Haymarket Real Estate: Piedmont Country Club Homes for Sale

Haymarket Real Estate: Piedmont Country Club Homes for Sale Piedmont Country Club is a private, gated golf community that is located in scenic Haymarket, Virginia. Less than a mile from Interstate 66, Piedmont affords it residents a short commute to anywhere in the Northern Virginia metropolitan area. Piedmont’s amenities include: Aquatic Center with indoor and outdoor pools, Lighted tennis courts featuring community sponsored tournaments and lessons taught by certified professionals, State-of-the-art, fully staffed Athletic Club featuring top-of-the-line cardio and strength equipment, plus aerobics studio, Business Center with copier, printers, and personal computers and a Board Room which can accommodate up to 12 people. Piedmont residents enjoy the Piedmont Golf & Country Club and the 18-hole championship golf course designed by Tom Fazio.

• Homes for sale in Piedmont currently range in price from $256,000 – $729,888.
• There are currently 14 homes for sale in Piedmont.
• No homes for sale in Piedmont received & ratified contracts this week.
• 2 homes for sale in Piedmont were “Sold & Settled” this week.
• There is currently a 1 month supply of homes for sale on the market in Piedmont.

* Based on the ratio of homes for sale -vs- homes that have been contracted for sale in the last 30 days.

We specialize in Creatively Marketing and Selling Residential Real Estate in Piedmont Country Club, Piedmont South, Piedmont Mews, The Parks at Piedmont and Piedmont Riding Club. We provide professional and discreet Real Estate service to meet your needs and maintain your privacy simultaneously. Our Piedmont  Real Estate experience and our Luxury Homes Marketing & Distressed Properties expertise will alleviate the concerns that can occur during a real estate transaction.

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“When It’s SOLD In Piedmont, The Butler Did It!”