Looking for your dream home? Here are some helpful tips before you get started. Or call us at 757.348.0032 or 757.635.6833 now. We'll answer your questions whether you use us...or not.

Why use a REALTOR?

All real estate licensees are not the same. Only real estate licensees who are members of the NATIONAL ASSOCIATION OF REALTORS® are properly called REALTORS®. They proudly display the REALTORS “®” logo on the business card or other marketing and sales literature. REALTORS® are committed to treat all parties to a transaction honestly. REALTORS® subscribe to a strict code of ethics and are expected to maintain a higher level of knowledge of the process of buying and selling real estate.

Here are several more reasons to use a REALTOR®:

1. Your REALTOR® can help you determine your buying power—that is, your financial reserves plus your borrowing capacity. If you give a REALTOR® some basic information about your available savings, income and current debt, he or she can refer you to lenders best qualified to help you. Most lenders – banks and mortgage companies – offer limited choices.

2. Your REALTOR® has many resources to assist you in your home search. Sometimes the property you are seeking is available but not actively advertised in the market, and it will take some investigation by your agent to find all available properties.

3. Your REALTOR® can assist you in the selection process by providing objective information about each property. Agents who are REALTORS® have access to a variety of informational resources. REALTORS® can provide local community information on utilities, zoning, schools, etc. There are two things you’ll want to know. First, will the property provide the environment I want for a home or investment? Second, will the property have resale value when I am ready to sell?

4. Your REALTOR® can help you negotiate. There are myriad negotiating factors, including but not limited to price, financing, terms, date of possession and often the inclusion or exclusion of repairs and furnishings or equipment. The purchase agreement should provide a period of time for you to complete appropriate inspections and investigations of the property before you are bound to complete the purchase. Your agent can advise you as to which investigations and inspections are recommended or required.

5. Your REALTOR® provides due diligence during the evaluation of the property. Depending on the area and property, this could include inspections for termites, dry rot, asbestos, faulty structure, roof condition, septic tank and well tests, just to name a few. Your REALTOR® can assist you in finding qualified responsible professionals to do most of these investigations and provide you with written reports. You will also want to see a preliminary report on the title of the property. Title indicated ownership of property and can be mired in confusing status of past owners or rights of access. The title of most properties will have some limitations; for example, easements (access rights) for utilities. Your REALTOR®, title company or attorney can help you resolve issues that might cause problems at a later date.

6. Your REALTOR® can help you in understanding different financing options and in identifying qualified lenders.

7. Your REALTOR® can guide you through the closing process and make sure everything flows together smoothly.

©1995-2008NATIONAL ASSOCIATION OF REALTORS® and Move, Inc. All rights reserved.

Liz Livernois and Barbara Terranova are professional REALTORs® with Rose & Womble Realty.

Why Buy a Home Now
  1. Selection
  2. The Spring market has begun! Spring is known as the best time to list your home.
  3. Terms and Conditions
  4. In the current market, sellers are more willing to make concessions on price, closing cost assistance and closing dates.
  5. Interest Rates
  6. Mortgage rates are still at historically low levels.
  7. Tax Advantages
  8. The IRS provides substantial benefits to homeowners through mortgage interest and real estate tax deductions.
  9. Quality of Life
  10. Long-term home-ownership generates wealth, renting does not.
  11. It’s time in the market, not timing the market!

Questions? Give Liz a call at 757.348.0032 or Barbara at 757.635.6833. You can also send us a quick email now.

How Important is Your Credit Score?
“Your credit score is…the Holy Grail…Knowing how you rate is essential knowledge for anyone even thinking of getting a mortgage.”
-David Bach
The Automatic Millionaire Homeowner TM

It’s a fact:

Qualifying criteria have gotten somewhat tighter than in previous years.

Homebuyers need to pay more attention to their credit scores than they did before.

Credit history reflects your record of paying obligations on time.

Your credit score may impact your interest rate.

Your credit score may impact your down payment requirements.

Your credit score may impact the amount of documentation you provide.

But you don’t need perfect credit to buy a home.

What Makes Credit Less than Perfect?


  • Limited history
  • Excessive debt
  • Slow payments
  • Legal judgments
  • Past foreclosure or bankruptcy
  • Frequency of new accounts opened
  • Many new credit applications
  • Errors


Questions? Give Liz a call at 757.348.0032 or Barbara at 757.635.6833 now. You can also send us a quick email now.