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714 Longwood Ave Bedford VA 24523

December 16, 2010 by 1 Comment

714 Longwood Ave Bedford VA 24523

Once known as English Hall, this grand dame property sits on Bedford’s premier street. Stately rooms with 14ft ceilings, beautiful wood floors and an open floor plan that flows effortlessly from room to room make it perfect for easy living and elegant entertaining. Seven fireplaces. Deep, wraparound porch perfect for porch parties or just relaxing in one of two large porch swings. Large kitchen with granite island and butler’s pantry with granite countertops, stainless steel sink and lots of storage. Separate dining room featuring a fireplace with inlaid mosaic tile. M/L bedroom with large bath, claw foot tub. Two parlors on main level. Dramatic staircase leads to upstairs hall and sitting area with built in bookcases. 4 large bedrooms upstairs, 2 full baths with subway tile, period fixtures and plantation shutters. Large walk in closet for added storage. Jeffersonian stairs lead to the floored attic and stairs to a widows walk. Two car detached garage at end of paved drive.

What a wonderful home on Bedford’s premier street. Large kitchen with granite island, pot rack to keep everything at arms length, butlers pantry conveniently stores staples. M/L bedroom with large bath, claw foot tub and shower. Two parlors on Mail level and large DR. Grand entry with central stair. Deep Wrap around porch, perfect for entertaining as this home has a wonderful flow for indoor/outdoor entertaining. Seven fireplaces. Large hall upstairs with built in shelves. 4 large bedrooms upstairs, 2 full baths with subway tile, period fixtures and plantation shutters. Large walk in closet for added storage. Jeffersonian stairs lead to the floored attic where yo will fin stairs to widows walk. Two car detached garage at end of paved drive and partial basement with interior and exterior entrances.

For more area information visit Discover Bedford

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Bo, our dog from the Lynchburg Humane Society

December 15, 2010 by 1 Comment

Bo the boxer from Lynchburg Humane SocietyBo, our dog from the Lynchburg Humane Society.

One day, I had a little extra time as I was on my way to meet a client for lunch. As I drove by the Lynchburg Humane Society, I thought why not stop in just to look… and there he was! This boxer they named “Ali“.  He was reverse brindle, with white socks, full of energy and a bit of sparkle in the eyes. We asked about him and as it turns out he had been found wondering the street.

Loving the breed and have been wanting another dog for some time, we had to adopt him. There were many concerns, how would he be with the children and the other dog. Most boxers are great with kids and do well with other dogs, but the only way to know was to take him home and see.

He fit in just perfect! His energy has returned a youthfulness that had left our other dog. They play, the run, they bark, the wrestle, they do all the things two puppies usually. And the kids! The kids love him, they climb all over him and he climbs on them. Bo is one of them, they all play together. When the kids wrestle, Bo always defends the smallest person, its like he is always helping out the underdog.

Often we joke “I would love to switch places with that dog!” Everyone pours affection on him. During bad weather he stays indoors, usually he sleeps in a bed or on the sofa during the day and with the kids at night. When its cold, everyone makes sure he is “tucked in” with a blanket.

Meet the cat: BO
Image by fofurasfelinas via Flickr

We are so lucky to have added this wonderful dog to our lives. If you are considering adopting a pet. Please look into the area Humane Society. These are wonderful pets who need a loving home.

Lynchburg Humane Society

Bedford Humane Society

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810 Pinecrest Bedford VA 24523

December 9, 2010 by 2 Comments

810 Pinecrest Bedford VA 24523

Great home with plenty of living space, wonderful deep and level yard backs up to woods- alm810 Pinecrest Bedford VAost 3/4 acre in the city. Garden space, lower level patio with privacy wall. Inside, beautiful wood floors through LR, DR, BD, carpet in upstairs den. Beautiful gas log FP. Plenty of storage in floored attic and in basement. High speed Internet/cable wired in most rooms. Well maintained newer oil furnace, gas log fireplace. New ceramic tile in m/l bath- 3 bathrooms! Potential 4th bedroom. .648 Acres

Visit Wendy Witt for more information.

For more information on Bedford visit Discover Bedford

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Does my home qualify as a short sale?

December 3, 2010 by Leave a Comment

Does my home qualify as a short sale?

short sale
Image by TheTruthAbout via Flickr

What is a short sale? Simply put, A short sale is when you owe the bank more then what your home is worth. This can happen for a variety of reasons but the most common is the loss of value due to the economic downturn. Bedford, Lynchburg, and Roanoke has not been impacted like the rest of the country. Home values have dropped since 2006, but not like other areas. This area is great in that we don’t see major swings in real estate. We didn’t have the big real estate bubble therefore we don’t have bursting of the bubble (or the big drop in values).

Bedford VA, Lynchburg VA, and Roanoke VA are just like the rest of the country, you have to meet certain criteria in order to get approved for a short sale. Going into a short sale is serious.If not done correctly, it could impact your credit for many years. Even if done right, it does hurt your credit for two years.

Reduction of your homes value is not enough to qualify for a short sale. Do you have a life altering event- loss of job, severe reduction of income, death of income earning family member, or divorce. Its unfortunate but you need an event such as this to qualify.In other words, there has to be something major in order to qualify for a short sale.

But you also need to be behind on your payments. This is where it gets tricky. I wouldn’t suggest missing payments just to get approved for a short sale because your home could go into foreclosure before the short sale is approved.

Ok, you had a life altering event and your behind on your payments, now what?

Call a qualified REALTOR! Someone who is SFR certified. Scot and Wendy both have taken and passed the SFR (Short Sale and Foreclosure Resource Designation) from the National Association of REALTORS. Many REALTORS have given up on short sales. While the rules have changed and banks are getting faster in processing, it still can take some time to get a bank to approve a short sale. Many REALTORS feel short sales take up far too much time and will refuse to work with him. The process is very frustrating to REALTORS. It often requires many calls to the bank, submitting the same paperwork over and over. A REALTOR has to stay on top of the transaction  to make this happen.

You have a REALTOR and a buyer, now what?

Hopefully you have already started but gather everything your bank will want. Basically you are building a case for the for the bank to approve your short sale. First, you need a “hardship” letter. You need to write a great letter explaining where you are and how you got there. You don’t need to write a novel, but just tell the bank the facts in a well organized fashion. Let them know how you feel and what happened was beyond your control. You will also need copies of your taxes, pay stubs, bank records, death certificates, divorce papers, utility bills,  anything you think will help your case with the bank.

In summary, you need to qualify for a short sale and a great REALTOR to help you along the way. Its a stressful and can take some time. But there is hope!

For more information Call Scott or Wendy

For more information about Bedford, Lynchburg and Roanoke. Visit Discover Bedford

 

If you stop making payments on your home, it will hurt your credit and the bank may take action such as but not limited to- foreclosure upon the home. We advise you discuss this with an attorney and a CPA.
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