February 16th, 2010:
About the humble bungalow
These narrow, rectangular one and one-half story houses originated in California during the 1880s as a reaction to the elaborate decoration of Victorian homes. The style then moved eastward to the Midwest in the early 20th century, where it remained popular until the Great Depression.
Bungalows have low-pitched gabled or hipped roofs and small covered porches at the entry. The style became so popular that you could order a bungalow kit from Sears and Roebuck catalog. The name “bungalow” had its origins in India, where it indicated a small, thatched home.
There are several neighborhoods in Northern Virginia were bungalows are not uncommon. Burgundy Village is near the Huntington Metro and many homes there were originally bungalows. There are quite a few bungalows in Del Ray in Alexandria Virginia.
Secure a Lender Quickly for Tax Credit
Home buyers who are eager to close the deal before the tax credit expires should be prepared to deal only with lenders who will respond to the need for speed.
Even buyers without A-plus credit should be able to get a loan. “If you go to enough lenders, you can typically get a loan even with a low credit score. The terms, of course, are not as attractive,” says Spencer Rascoff, chief operating officer of Zillow.com.
Another possibility is to propose a lease-purchase deal or land contract to the seller. If the deal is structured properly, both buyer and seller could walk away winners.
Source: CNNMoney.com, Jean Chatzky (02/15/2010)






