Mike Platt, my Senior Loan Specialist with MetroCities, recently sent me the following information pertinent to the Charlottesville Virginia Real Estate Market:   "I keep hearing on the news that in order to purchase a house it now requires 20% down.   For single family primary residences this is simply not the case, and it is important to let your buyers know the facts.   Right now in the Charlottesville area, the 3 main types of low down payment loans being used are,...

Buying a home is very emotional. I know, the great negotiators tell us to keep it a business transaction, don't muddle the affair with emotions! But buying a home, especially your first home, can be emotionally taxing. I remember one of my first transactions back in 1980 something.  It was a young couple with a new baby girl.  He was an engineer, she was a new stay at home mom, having just left her job working at a downtown law office.  Wonderful people. They had contacted...