Why in the world would anyone want to buy a home in terrible condition, and then spend time and energy rehabbing the property? Well, to put it in a nutshell, it would be to create wealth. Let’s face it, investors flipping houses do it every day! The theory is you buy a house for well below market value, hire a contractor to do the necessary improvements and the total costs are far less than the final value. It’s not that difficult if you’re working with an experienced Realtor and HUD consultant. Continue reading
A recent survey by a national home builder shows that over 65% of renters’ ages 18-34 have an income of more than $50K. This same survey shows that 30% of home sales are to first time home buyers, who fall into the 18-34 year old age group. These are encouraging signs for the Hampton Roads real estate market, as many of the recent home buyers falls into this demographic. Continue reading
If you’re considering purchasing or refinancing a home in Virginia Beach VA, it’s important to take the necessary steps to increase your credit score. You want to ensure you have the highest credit score possible, so you will be better positioned to qualify for the best possible mortgage rate and products. Continue reading
As the real estate market in Hampton Roads continues to stabilize, many buyers are considering purchasing a home with a FHA loan. Originally created to boost home ownership for moderate-income families, FHA loans offer low down payment guidelines and affordable closing cost. These benefits have positioned FHA loans as an increasingly popular financing tool for buyers of all income levels. Continue reading
The spring season is here in Virginia Beach, and now is the time to get your home market-ready. When you list your home and invite potential buyers in, it’s important to have your property ready for the market or you risk the opportunity to make a good first impression. Updates don’t have to be expensive, and with a little preparation and planning, your home will stand-out, which means a faster sale and less market time.
Here are 7 simple ideas to get your home market-ready. Continue reading
If you are like many Virginia Beach VA property owners, you’ve most likely considered refinancing your current mortgage to take advantage of low interest rates. Before you decide if refinancing is right for you and your family, it’s recommended you consider the different options and the pros and cons of a refinance. Continue reading
If you’re interested in taking advantage of the current low interest rates to refinance your Hampton Roads VA home, you may want to consider the Home Affordable Refinance Program, also known as HARP. Continue reading