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Real Estate Tips
Financing Your Home >Bridge Loans

What if you hear one day that the house you have coveted for years is on the market. Out of curiosity, you might call your real estate agent and arrange to see if the inside of your dream house is as terrific as the outside. It is, and you fall in love with the place. The sellers need a relatively fast settlement, and are not in a position to accept an offer that is contingent on selling your home before closing on the new one. While you are confident your house will sell fairly quickly, you cannot be sure in a fluctuating market.

A bridge loan might be your solution. Many lenders specialize in providing short term loans for just this type of situation. The principal and interest is paid back when you close the sale of your present house. If the market in your area is strong and there is a good possibility of selling your home quickly, or if you are willing to offer your home at a price that will make it attractive in a sluggish market, then a bridge loan is a tool that could make the home you love a real possibility. A good real estate agent and a knowledgeable loan officer are the team you need to work it out.

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Real Estate Trivia
Q 
What is the world's tallest monument?

A 
The stainless steel Gateway Arch in St. Louis, MO, designed by architect Eero Saarinen and costing $29 million to build, is 630 feet high.
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Michelle Perkins & Associates, REALTOR®, real estate agent and broker for Warrenton, Culpeper and Gainesville, Virginia home listings, property and land for sale - NUMBER1EXPERT

Michelle Perkins & Associates
RE/MAX Regency

403 Holiday Court
Warrenton, VA 20186
Toll Free: (877) 341-1077
Phone: (540) 341-1077
Home Office: (540) 937-9991
FAX: (540)341-1001
Email: michelle@mris.com

Why hire one agent when you can have a team working to ensure the quality service you deserve when looking to buy or sell! The "team" approach benefits everyone involved and is in place to better serve you. Our valued clients! Nikki, Susan and I are waiting for your call. *We offer over 13 years of licensed real estate experience. *Looking to sell? We utilize the latest in Internet Marketing & Technology. Over 80% of Home Buyers start their search on the internet. All our advertising drives Home Buyers to our website, so they see your home first. Also, I'm now offering your home to be appraised by a licensed appraiser before you list with me to make sure we price your home right for the highest price in the quickest amount of time. Call or e-mail me for more information. *Looking to Buy? Our clients have found that by meeting with us, they have a greater knowledge of the current market and greater opportunity to live in the right property for them and their family. We simply need to meet.

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