Date Archives: April 2015

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buying a home | 97 Posts
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April
29

wedding registry for down payment title graphic

If you're getting married, skip the traditional wedding registry and ask your guests to contribute towards a down payment for a home instead.  The folks at the National Association of Realtors teach you all you need to know about the process here.

Looking for an online wedding registry to fund your down payment?

Here are the most popular:

Hatch My House

Down Payment Dreams

However, be careful when choosing any of these options as some charge hefty service fees to use their service.

A better resource for this type of creative home financing comes from the FHA Bridal Registry Program. This program, created in the late nineties by the United States Department of Housing and Urban Development (HUD), allows you to receive wedding gifts to pay for your home purchase, provided you use an FHA loan instead of conventionalmortgage.

Before choosing an online registry or government program, be sure to consult a qualified mortgage professional to learn about the pros and cons of each one.

April
14

The  Charlottesville Area Association of REALTORs has released their Market Report for the  1st Quarter of 2015 and the numbers are as expected.The median sales price for the region has increased from $244,250 in 2014 to $256,750 for this quarter.  I hope you will read the entire report but here is a quick summary.  Condo sales increased by 40%-a number which surprised me.  Pending sales have increased 18% over the same time frame last year.  The number of sales closed remained almost identical but there are many more properties set to close this year.