Norfolk, Virginia Beach, Chesapeake, Portsmouth, Suffolk

What is the best time to make an offer on Real Estate for Sale in Virginia Beach

Different areas in the country have different cycles for people moving in and out of the area. During the Summer is always the best time to have your real estate for sale, but it is not the best time to look for that bargain of a home in mint condition.
Hampton Roads is overwhelmingly a military area, which means young families with children in school. Starting your search in May until August means that you are competing with every family that is is being transfered in to the area. At the same time, people who have taken the time to plan the sale of their home will put the home up for sale during this time, so although this is not the best time to make an offer to buy a home in Virginia Beach, it is the time when you will find the best looking move-in ready homes.
What is the best time to make an offer on Real Estate for Sale in Virginia Beach or the Hampton Roads area. From the middle of November through the middle of January is the best time to get the best price on a home. By this time homes have been sitting on the market with no end in sight, and the budget for keeping that extra home until the market picks up, start running out. Not every seller needs to sell, and I have seen vacant homes on the market for over a year or more.
During this time the best time to write an offer is between Christmas day and New Years day. Very few people are out there looking at homes, and with the hope of starting the new year free of that "home for sale," sellers are eager and thankful for that offer.
When it comes to foreclosures the best time to get a bargain is when it has been on the market for a couple of months, and before the bank makes a major reduction to the price, as at that time you will find your self in a multi bid situation.
Short sales are not for everyone, and unless you are prepared to wait for months for a yes or no answer, I would avoid this transactions entirely. Yes, you can get a bargain, but also you may have missed the boat with the low interest rates that are available at this time.
What is the best time to make an offer on Real Estate for Sale in Virginia Beach or the Hampton Roads area. The best time to make an offer on new construction is when the builder has run out of money. Too many homes for sale, might mean that the builders quarterly projections call to sell one at a discount. Builders are savvy business people so they plan accordingly to avoid finding themselves in this situation, but it happens, and although they may not lower their prices much the buyer can walk away with a lot of extra freebies.
Back on the market homes are a good strategy for finding good deals. The seller has probably found another home, and now the seller is in no situation to pay two mortgages.
Regardless of when you need to buy, the best thing that you can do before you buy a home is to plan. Find a good Realtor, pin down what is it that you want on a home, find the general area that you want to live in, and last but not least, get preaproved with a legitimate mortgage lender. There is nothing worse to finding the perfect home to find out that you can not afford it.

To SELL or BUY Real Estate in Virginia Beach, or Hampton Roads visit my website. http://www.tererottink.com/ visit my Blog at HamptonRoadsrealEstateVoice.com

Call me at: 757-502-5324

What is the best time to make an offer on Real Estate for Sale in Virginia Beach or the Hampton Roads area. was first published on Hampton Roads Real Estate VoiceCopyright © 2010 By Tere Rottink, All Rights Reserved.

About Homeowners Tittle Insurance in Virginia Beach - Norfolk - Chesapeake VA.  Talk to your closing attoreny

I was reminded once again, why I am so persistent on recommending my buyers to buy Homeowners title insurance.
We are ready for closing tomorrow, it is one hour before the walk through, and I get the call from our attorney that we have a little snag, and we might not be able to close tomorrow.  The problem is an unreleased deed of trust dating back to 1987.  I have not heard of any one not being able to eventually follow the trail, and get the lien holder to get proof of payment, but now we have to deal with a delay in our closing.  If my buyers were having any doubts about the home this would be a perfect time for walking away.  Starting tomorrow, the seller has 7 days to produce clear title.
I have been on the other side of this situation, and the buyer did walk away from the deal  at the end of November, and I ended up holding on to that house until the market picked up again in March and sold for much less than the original contract.

Title insurance protects the home owner from any encumbrances, liens or title defects that stay with the home, even after is is sold several times.  When you purchase the home what you get to prove ownership is the title to the property. This title is then recorded at the city courthouse.  All liens against said property are also recorded at the courthouse.  For example,  when  a home owner has a judgment against him, that judgment can be recorded against the property.  When the homeowner sells the property this judgment has to be satisfied.

About Homeowners Tittle Insurance in Virginia Beach - Norfolk - Chesapeake VA.  Talk to your closing attoreny because when the house is put up for sale the mortgage company will require Lender's title insurance and a title search will be done.  A title researcher goes to the court house and goes back as far as they can looking for liens or defects in the title.  The purchaser may or may not purchase tittle insurance.  If the researcher misses a lien against the title, the property is sold with said lien attached.  
When the property is sold or refinanced again the research starts again by a new title researcher.  When this new title researcher finds the lien, the home owner's title insurer will indemnify the home owner who purchased it at the time of the initial purchase.  If he didn't buy title insurance, the original lien holder has to be found and they have to provide a certificate of payment.  This can take a couple of weeks or a couple of days.  If the lien has not been paid  and it is still attached, it must be paid at the time of closing.
The few hundred dollars to protect your investment is worth every penny. In the past 5 years, I have seen this happen three times.  Liens from the 60's, 70's and now the 80's.

"I am not an attorney, and I have given a simplified version of what title insurance is.  For complete information consult your attorney."

To SELL or BUY  Real Estate in Virginia Beach, or Hampton Roads visit my website. http://www.tererottink.com/  visit my Blog at HamptonRoadsrealEstateVoice.com 

Call me at: 757-502-5324

About Homeowners Tittle Insurance in Virginia Beach - Norfolk - Chesapeake VA.  Talk to your closing attoreny  was first published on Hampton Roads Real Estate VoiceCopyright © 2010 By Tere Rottink, All Rights Reserved.

Why home stage your home before you sell in Norfolk - Virginia?
It will bring out the best in your house.  It will feature rooms that compel the eye, evoke emotion.  It will revitalize the house, show its best features.  Home buyers will gravitate to the newly organized and freshly rejuvenated rooms.  Your house will sell 50% faster, much easier, and for 6-10% more in profit.    

A fresh look in your home by a stager, with a little or sometimes no investment for accessories and furniture on your part, can impart a new image.   This past weekend, I had to hire a home stager and I interviewed a couple of local home stagers, but I was very impressed with Gerrie Beck from Maxispace Staging and Redesign.  

I had asked a couple of Realtors for references, and Gerrie's name came up as highly recommended.  Once I met Gerrie Beck from Maxispace Staging and Redesign  I asked  her  ....  

Why home stage your home before you sell in Norfolk - Virginia or why redesign?   This is what she had to say "If you want a new perspective for your home, or a room, redesign can help accomplish this.  With some new accessories, and placement of your furniture to bring about a creation that will give a unique visual impression, you will be surprised at what can be accomplished.  Personal shopping services are available to recreate your new interior. "

WHAT IS HOME STAGING?     When potential purchasers enter your home, the first thing that will impact them is the emotional connection they have.  That means the rooms should show off their best qualities be it a fireplace, french doors, lighting, outside appearance, large or small rooms with character – aiming to draw the eye to the best features of a room.  To accomplish this, various options are available and they range from giving the room(s) a new feeling by reorganizing the furniture, adding neutral paint color, redefining rooms, adding accessories to bring the buyer into the expression of the room.  While everyone enjoys living in their home, selling the home to others means depersonalizing the space and giving it a warm and inviting ambiance.  In this way, a purchaser’s connection is made.  A qualified home stager can redesign rooms so as to appeal to a wider audience, as well as enhancing your marketing efforts.  Maxispace Staging and Redesign truly hopes to aid you in this process. 

Why home stage your home before you sell in Norfolk - VirginiaTo SELL or BUY  Real Estate in Virginia Beach, or Hampton Roads visit my website.http://www.tererottink.com/  visit my Blog at HamptonRoadsrealEstateVoice.com 

Call me at: 757-502-5324

Why home stage your home before you sell in Norfolk - Virginia  was first published on Hampton Roads Real Estate Voice Copyright© 2010 By Tere Rottink, All Rights Reserved.

Fannie Mae Incentives and Federal Income Tax Credit for home buyers in Chesapeake - Virginia

A 3.5% incentive is being offered for the purchase of a Fannie Mae-owned house. This is only for home buyers who close the purchase of a home between January 28 and April 30, 2010. Buyers of homes in Chesapeake Virginia will receive up to 3.5% of the final price for:

- Closing costs

- New Whirlpool appliances

- Or a mix of both. Up to a maximum of 3.5%

The offer must be accepted and the deal must close before May 1, 2010. These incentives only apply to owner-occupants.

Individual lenders may impose limitations, so ask your lender to make sure they are participating fully on the program.

On top of that Chesapeake home buyers and sellers must take advantage of the Federal Income Tax Credit, which runs through April 30, 2010 with a 60 day cushion after that date to complete closing.

Some details:

- $8,000 tax credit for first-time home buyers in Chesapeake -Virginia.
- $6,500 tax credit for existing home owners who have lived in their current residence for at least five years but want to relocate to a new primary residence.

*** Consult an accountant, lender or attorney for specific details on refunds for these incentives*** I have referrals for all these sources.

Lets do the numbers on a Chesapeake home purchase of:

$ 200,000 x 3.5% = $7.000 plus $8.000 Tax credit = $15.000 //+$ 6.500 = $ 13.500

$ 250.000 x 3.5% = $8.750 plus $8.000 Tax credit = $ 16.750 //+$ 6.500 = $ 15.250

$ 300.000 x 3.5% = 10.500 plus $8.000 Tax credit = $ 18.500 //+$ 6.500 + $ 17.000

Call me today to take advantage of these incentives. 757-502-5324 or send me an email at: Tere.Rottink@yahoo.com

Below are the properties available for sale in Chesapeake and and surrounding areas at this time. To view any of this homes contact me. To view all the listings available please visit my website

Fannie Mae incentives and Federal Income Tax Credit for home buyers in Chesapeake - Virginia was first published on Hampton Roads Real Estate Voice Copyright © 2010 By Tere Rottink, All Rights Reserved.* Fannie Mae incentives and Federal Income Tax Credit for home buyers in Chesapeake - Virginia

Courthouse Estate Market Report - Homes for sale in Courhouse Estate - Virginia Beach

Map of Comparable Market Analysis or Market Report  in Courthouse Estates - Virginia Beach - Virginia                                                          

The Courthouse Estates - Virginia Beach - Virginia Market Report shows what we have seen in the region.  Houses are selling, as long as they are moderately priced and in great condition.  Above you can see the  Market report in Courthouse Estates as of February 1, 2010.

Blue: Days on the Market       Green: List Price           Red:  Sale Price

Notice that houses have been selling under the asking price, but this doesn't take in to consideration prior price reductions.  It olny takes in to account the asking price at the time of the offer.                                              The Courthouse Estates - Virginia Beach - VA - Market Report doesn't include properties that were sold buy owner.  

A total of 23 houses sold from July 2009 to January 20101 as shown by the Courthouse Estates - Virginia Beach - VA - Market Report.

There are a total of 17 active listings and the average days on the market is 54 days. It was 76 DOM back in July.

To SELL or BUY  Real Estate in Virginia Beach, or Hampton Roads visit my website. http://www.tererottink.com/  visit my Blog at HamptonRoadsrealEstateVoice.com 

Call me at: 757-502-5324

Below are the properties available for sale in the Courthouse Estates neighborhood and and surrounding areas at this time. To view any of this homes contact me. To view all the listings available please visit my website

Courthouse Estate Market Report - Homes for sale in Courhouse Estate - Virginia Beach   was first published on Hampton Roads Real Estate Voice Copyright © 2010 By Tere Rottink, All Rights Reserved.*Courthouse Estate Market Report - Homes for sale in Courhouse Estate - Virginia Beach

While you tour East Beach - Norfolk -VA you think you are driving in an old neighborhood with walk-friendly streets, ample front porches and unique homes. Not so, East Beach used to be a blighted, crime ridden neighborhood. It has been redeveloped in to a Luxury neighborhood. used to be a blighted, crime ridden neighborhood.
The 100 acre waterfront site on a peninsula between Pretty Lake Harbor and the Chesapeake Bay, East Beach is a neighborhood development designed in to a traditional neighborhood. The development was designed based on a Master plan created by the team of Duany and Plater-Zyber.

East Beach - Norfolk - VA- Homes for sale and community enjoy so many amenities that are almost to many to mention.
- Bay Front Club with a
-Pool
-Fitness center
-Catering kitchen
-Beach Access
-Playgrounds
-Giant outdoor chess set.
- Within walking distance to restaurants, a variety of shops, fishing access and marinas.
- Drive a golf cart
- 24-hour security patrol
- Location, location, location
- Centrally located to Navy Bases
- 10 minutes to Norfolk International Airport
- 15 to Major Hospitals
- Due to it's planning friendly neighbors abound.
- WALK TO THE BEACH

Home buyer in East Beach - Norfolk - VA- real estate for sale will also enjoy future amenities. There is a town center planned for the community.
In the master plan there will be a sunken croquet court, tennis courts and outdoor stage.



East Beach - Norfolk - VA- Homes for sale Start at $ 295,000 for 576 square feet up to $2,900,000 for an Ocean front home with 5,177 square feet

To SELL or BUY  Real Estate in Virginia Beach, or Hampton Roads visit my website. http://www.tererottink.com/  visit my Blog at HamptonRoadsrealEstateVoice.com 

Call me at: 757-502-5324

To SELL or BUY  Real Estate in Virginia Beach, or Hampton Roads visit my website. http://www.tererottink.com/  visit my Blog at HamptonRoadsrealEstateVoice.com 

Call me at: 757-502-5324

Home for Sale by the beach in Lakewood, Virginia Beach, VA

Lakewood, Virginia Beach  -

If you are looking to live by the beach in luxury with a very affordable price  605 Pinewood Dr is the place for you.  

You will live in luxury for an affordable price in this gorgeous twin-home just four blocks from the beach.  This twin home by the oceanfront has been meticulously  maintained.  Beautiful and spacious with  2027 sqare feet a covered front porch and a fenced back yard with a  deck  area waits  for  you.  A great school system that includes  First Colonial High School,  Virginia Beach Middle and W T Cooke Elementary School  are the schools your child or children will be going to.      

This 3 bedroom, 2.5 baths home for sale by the beach has a huge den and two parking spaces that will afford you plenty of space.  Some of the amenities  awaiting you are hardwood floors, granite counter tops, upgraded wood cabinets, open and airy feel, crown molding, surround sound in the living room, 2 Zone A/C, 9ft ceilings in the first floor and a  security system .  Priced accordingly for $340,000 this listing will sell quickly.  This is a great buy for  a Virginia Beach oceanfront neighborhood.

Lakewood is a tranquil and family friendly neighborhood; a one of a kind close to the beach subdivision with homes built since the 1930's.  Many of these homes have been turn down and new ones built in place.  Across the street from this gorgeous home is a new condo-conversion where 1 bedroom condos with 590 square feet are selling in the 130's.  Within a couple of blocks you will find homes close to $800,000 and all prices in between.  You will not find a better priced home than this lovely twin house.
When you live at 605 Pinewood Dr you will love the five minute scenic walk to the beach! You will also be close to all of the local hot spots at the boardwalk like Mahi Mahi's. This home for sale by the beach is conveniently located right across the street from a little market and a sensational deli (Tads Deli)!

Come live in this beautiful home for sale by the beach close to interstate 264, shopping, beaches, fine dining and you will be proud to live close to the oceanfront.  
( You will also find my favorite store The Heritage health foods... within a 5 minute car ride)

To buy or sell Real Estate in Virginia Beach, or Hampton Roads visit my website. http://www.tererottink.com/  visit my Blog at HamptonRoadsrealEstateVoice 

Call me at: 757-502-5324

"Home for Sale by the beach in Lakewood, Virginia Beach, VA" was first published on  Hampton Roads Real Estate Voice Copyright © 2009 By Tere Rottink, All Rights Reserved.*  "Home for Sale by the beach in Lakewood, Virginia Beach, VA"