Real Estate Blog

7 Reasons Your Realtor Is The Best Friend You Never Knew You Had...

by Sarah D'Hondt

There are a few times in life when we connect with a person and develop a strong bond of friendship, trust, and admiration for one another. These lifelong besties may enter your life in high school, or become your college roommate, work colleagues, or as your future spouse.

Some people may come and go in your life, but one special person will always be there for you; to stand beside you, and guide you, comfort you and console you. This amazingly special person is: YOUR REALTOR.

Realtors are Superheroes who make your dreams happen, and will travel the ends of the county, working tirelessly for YOU.

Realtors go above and beyond to protect your best

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Check out this article from REIN--supply is LOW, which gives sellers a healthy edge! Wondering if you should sell? Now may be the time--give us a call! We are always available to help and answer any questions you may have! 

Months’ Supply of Inventory Falls Below Historic Average

"The Hampton Roads real estate market ended 2015 on a bright note, with most residential statistics meeting economists’ expectations of continued market improvement for the year. The region saw strong pending sales activity throughout the year, growth in year-end settled sales when compared to 2014, and a balanced inventory level that is below the region’s historic average as of December. Rising consumer confidence and a declining unemployment rate provided great fuel

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Secrets of a Pro: How to Create a Dazzling Christmas Light Display

If you’ve got deep pockets and time on your hands, you can turn your ho-hum Christmas lights display into a dazzler with only 400,000 bulbs, 70 extra circuits, and hundreds of hours of planning and hanging.  To read more, click here. 

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The Impact of Higher Interest Rates | Keeping Current Matters

Last week, an article in the Washington Post discussed a new ‘threat’ homebuyers will soon be facing: higher mortgage rates. The article revealed:

“The Mortgage Bankers Association expects that rates on 30-year loans could reach 4.8 percent by the end of next year, topping 5 percent in 2017. Rates haven’t been that high since the recession.”

How can this impact the housing market?

The article reported that recent analysis from found that -

“…as many as 7% of people who applied for a mortgage during the first half of the year would have had trouble qualifying if rates rose by half a percentage point.”

This doesn’t necessarily mean that those buyers negatively impacted by a rate increase would not purchase a home.

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We know you love living in Virginia Beach, but how does it stack up Nationally--pretty well! 

"Virginia Beach rated highest in walkability and lowest in commute. It was above average in educational opportunity, economic opportunity and real estate confidence. Cities with similar rankings included Orlando, Washington andDetroit."  For complete article and lots of stats, click here. 

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Ahhhh, you’ve finally found your dream home. Right?

Before you commit to buying, make sure you consider whether some of your favorite features might actually hold back your house when (way down the line) it comes time to sell. Some design and architectural details—such as pools and multiple stories—split homeowners evenly, with half considering them a no-go and the other half completely obsessed.

So be informed! While these features won’t necessarily be the main factors determining whether or not you sign on the dotted (home-purchase) line, it’s best to know exactly what you’re getting into. Here’s what to look for in your future home.  For the complete story from, click here. 

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If you are debating listing your house for sale this year or even early next year, here is the #1 reason not to wait!  This is simple supply and demand.  Selling when demand is high and supply is low is how you make the most money on your sale.  You have to act fast though.  Things can change quickly.  If you have been thinking about making a move, now is the time!

Buyer Demand Continues to Outpace the Supply of Homes For Sale

According to the National Association of REALTORS’ (NAR) Foot Traffic report, there are more buyers out in the market right now than at any other time in the past three years.

The graph below shows the significant increase in foot traffic experienced this year compared to 2014.

Foot Traffic Year-Over-Year | Keeping Current Matters

The latest Existing Home

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Home values in 29 states and the District of Columbia are within their historically normal range, according to Freddie Mac’s latest housing index.

The Multi-Indicator Market Index now stands at a value of 81, indicating a national housing market that is on its outer range of stable activity. The MiMi has improved 6.17 percent year-over-year and has rebounded 37 percent since its all-time low in October 2010. Still, the index remains significantly off its high of 121.7.  To read the article, click here. 

If you are thinking of selling, now might be the time--contact us for more information, we would love to show you what your home may be worth! 

(Source: Realtor Mag)

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Do you know what the value of your home is?  If you are thinking of selling or are just curious, give us a call so we can price your home right the first time! 

"For the seventh consecutive month, the gap has widened between what home owners say their home is worth compared to what appraisers say, according to Quicken Loans’ August 2015 Home Price Perception Index."  To read the complete article, click here.  (Source: RealtorMag)

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