Real Estate Blog

Due to resurgence in urban living, more and more buyers are considering condos over single-family homes in recent years.  Condos tend to be located in urban areas, for example in downtown Norfolk and within walking distance of shops, restaurants and other places of high interest.  

In addition, some also have resort-like amenities, such as pools and fitness centers, which are often cost-prohibitive in a house. According to HGTV FrontDoor, people are now living busier lives, which make condos an attractive choice due to their convenience and low-maintenance lifestyle.  Being that association fees cover the exterior as well as the expensive components of the structure, maintenance is limited to the interior of the dwelling.

Many condos offer gated or

1,933 Views, 0 Comments.

Thinking about renting your home?      How many people actually read these agreements?   How many actually go through their agreements and explain the agreements?       Many property management agreements include a clause that the agency that the first right to list and sell your property if you choose to sell the property.   My suggestion is to cross that out!!    How do you know what type of job the property manager is going to do while they are managing your property unless you have previous experience with them.    You may have a great experience with them and decide to list your home with the agent when you decide to sell, but you could get locked into the agreement with the agency too.      Over the years, I have heard about this a…
923 Views, 0 Comments.

Based on predictions for 2014, the real estate market is headed not only in a positive direction but coming back strong. When buying a home it is critical to maximize your investment, while at the same time minimizing any surprises by calculating all risks.  However that doesn’t mean you shouldn’t follow your heart and your initial instincts... the ideal situation is when you can accomplish all of these.     Problems can arise when a buyer decides to accept too many compromises on the things that are most important to their needs.  For example... not enough bathrooms for the family, or too many amenities that do not increase the home’s value when you want to sell the house.  It is important to remember that your home’s current “live-in” value is…
836 Views, 0 Comments.

Happy New Year!  It’s hard to believe that 2014 is already here and upon us.  And from the predictions so far it looks like this is going to be a healthy year for the housing market.  


A recent article on CNNMoney points out how the housing market is shifting and will provide more opportunities for both buyers and sellers, although it is somewhat of a balancing act.  

“For a sustainable recovery you want to see more balance between buyers and sellers,” CoreLogic Case-Shiller’s chief economist David Stiff explains.  Stiff is forecasting a 6.8% rise in the median home value for 2014.

While housing inventory is up, it’s still a seller’s market because the supply is lower than normal – about 15% lower than the historical average. There are going

1,417 Views, 0 Comments.

The percentage of women over the last decade in the work force has risen roughly 11 percent and women going into 2014 are projected to account for 47 percent of the total labor force according to the United Stated Department of Labor. Demographic changes are helping to fuel the trend. 
More women than ever are the primary earners in their households, according to a recent Pew Research Center study. In a record 40 percent of American households with children— nearly four times the level in 1960 — women are the breadwinners. And about two-thirds of these breadwinners are single.  According to the National Association of Realtors, single women accounted for 16 percent of home buyers last year, lower than their long-term average of 20 percent. Yet they…
725 Views, 0 Comments.

We live in a time where digital photos are everywhere.  Take Instragram, Snapchat, Facebook and of course Pinterest as prime social media examples of where photos are instant forms of communication.  It's because of these social networks that consumers demand a visually appealing online presence.

According to the National Association of Realtors, nine out of 10 home shoppers begin their search on the Web.  Due to this listing photos can play a major role in how quickly your home sells, the home price it's listed at and of course even if it  sells at all. "Photography is at the center of all your marketing," says Brian Balduf, chairman of VHT, ..."It's not just documenting that there is a house for sale. You want people to say, 'What a house,' " and be

1,348 Views, 0 Comments.

The holidays are a fun and festive time, but what about buying a house?  Should you try to do that in November or December?  If you're not picky about the home you intend to buy, the answer might be yes.

Sellers tend to avoid the end of the year due to the short days, wintry weather and the conventional wisdom that says buyers are otherwise occupied. But for those who do choose to sell at year end are often under pressure and highly motivated to cut a deal and that's why it might be a smart time to buy. Determined househunters can take advantage of sellers' urgency.

The biggest downside is the limited supply of for sale homes, which occurs mainly because sellers are so uninterested, but a couple of things are working to your advantage. There will be

805 Views, 0 Comments.

 Hurry, Only 2 Condos Left

Looking for a Home?  Do you want to live at the beach?  Move to Beachtown Condos in Shadowlawn, Virginia Beach.    Come home to this coastal design inspired community only 3 blocks to the boardwalk in the Shadowlawn Community.  Start living by the beach lifestyle and enjoy the Virginia Beach sunshine, boardwalk, restaurants, and festivals at the  oceanfront.

Bishard Development presents Beachtown Condos – 8 – “No Fee” 3 story condos ranging in square footage from 1393 sq ft to over 2200 sq ft.     All condos have at least 3 bedrooms 2 ½ bath and 9’ ceilings on the main living area plus a 1 or 2 car garage.   These condos will not last long in this prime location.   Get in early to make your selections…  Projected

3,403 Views, 0 Comments.

Did you buy in the housing boom?  Want to sell your home now?

Over the last year, I have heard from a few prospective sellers that say I made a bad decision and should have never bought when I did.  You may have this same thought if you purchased your home in 2005 through 2009.  

Let’s dig into this deeper.

For an example you purchased your home in Virginia Beach at the end of June 2005 for $300,000 dollars.  Say today, it is worth $250,000.  Say if you had rented a home of the same value – rent would be maybe $1,400 a month.

What is your home worth?

For a case study- We will use June 2012 as the ending point with would be 7 ½ years. 

If you take $1400 a month in rent paid each month for 7 ½ year that is $16,800 x 7 ½ years or $1400 a

1,249 Views, 0 Comments.