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Real Estate Blog

   Please visit and examine our credentials.  You may also search for homes (real time on our site).  Lori and I have combined 40 years of experience and would love to help you buy, sell, or rent your home in Chesapeake VA where we also reside.  We are in the top 5% of Realtors in Sales in Hampton Roads and carry numerous credentials and awards which can also be examined on our website. 

Chesapeake is an independent city located in the U.S. commonwealth of Virginia. As of the 2010 census, the population was 222,209;[3] in 2013, the population was estimated to be 232,977,[4] making it the third-most populous city in Virginia.

Chesapeake is included in the Virginia Beach–Norfolk–Newport News, VA–NC MSA. One of the cities in

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There were more houses under contract in March than in any other month since June 2013, according to the National Association of Realtors.

The Pending Home Sales Index shows an 11% increase in home buyer activity from March 2014 to March 2015. The index tracks contracts signed that are waiting to close, so it’s a good indicator of future existing-home sales numbers. A property is marked as “pending” only after all contingencies have been met.  Demand in many markets is beginning to far exceed supply, which will drive home prices up. 

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As a military family, we understand the challenges of moving to a new area.  Relocations are a part of military life.  Moving can be challenging and stressful, but many service members and their families learn to thrive on the new experiences and opportunities for personal and professional growth afforded them through this mobile lifestyle. As Realtors, we help families navigate moving related challenges by helping to minimize the stress of finding a new home. To ensure a smooth move, start planning early using the many relocation assistance services and tools available.

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Foreclosure activity in the United States fell last month to the lowest rate in nearly nine years as banks started the process on fewer homes and scheduled fewer auctions than in the previous month, industry firm RealtyTrac said on Thursday.

A total of 101,938 properties across the United States were at some stage of the foreclosure process, which includes foreclosure notices, scheduled auctions and bank repossessions, the group said.

That drove overall foreclosure activity down 4.3 percent from January and down 9.4 percent from the same time last year.

"Given that August 2006 was the peak of the housing bubble, this eight-and-a-half year low in foreclosure activity is a significant milestone and a sign that nationwide foreclosure activity is on

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A competent property manager can add significant value to your investment, which is why many seasoned real estate investors will tell you that a good management company is worth their weight in gold.  Here are a few ways that a good property manager earns their keep:

Higher Quality Tenants

Think of tenant screening as the moat and draw bridge around your castle. It is certainly possible to get a bad tenant out of your home once they are in, but it’s a real hassle and you are so much better off never accepting them in the first place. A thorough screening process results in reliable tenants that:

  • Pay on time
  • Rent longer
  • Put less wear and tear on the unit
  • Generally cause less problems

An experienced property management company has

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 The National Association of REALTORShas announced that there's a housing supply shortage. Homes are selling quickly and home prices are starting to inch up again. It's becoming a seller's market in many areas.

 Any time the market changes, it's time to change strategies. During a buyer's market, buyers have the upper hand and can make more demands to sellers over their homes' price and condition. During a sellers' market, buyers concede the upper hand to sellers and are more willing to accept higher prices and terms.

 When homes are in short supply, buyers don't have the luxury of taking their time, teasing sellers with lowball offers, demanding that every little thing be fixed, and shopping for homes with multiple real estate agents. Do these five

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Home sales declined in January to their lowest rate in nine months while home prices increased, the NAR said.

Sales of previously owned homes dropped 4.9% to a seasonally adjusted annual rate of 4.82 million in January, the lowest sales volume since April. The median price of a house in January increased 6.2% to $199,600 year over year, according to the NAR. Inventory is to blame.

Low inventory is measured by the number of houses available for sale. Total housing inventory at the end of January increased 0.5% to 1.87 million, but that is still 0.5% lower than a year ago, when it was 1.88 million, according to NAR. Please feel free to comment on our BLOG!!!!!

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Mortgage interest rates have fallen back to 2013 levels this week.  Fewer homes are available for sale leading to a slight increase in prices.  With mortgage rates still low buying activity has been increasing.  Mortgage applications for Federal Housing Administration loans spiked last week in the midst of lower FHA mortgage insurance premiums, according to the Mortgage Bankers Association. Both purchase and refinance activity are up, signaling higher demand for housing. 

With rates low and prices still good, now is an excellent  time to look at purchasing a home.  Current homeowners should take a look at their equity gains for the past view years and consider trading up for a better home. 

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  • I just wanted to share some important safety tips for anyone that is selling their home.  This applies to sellers listed with a Realtor and especially For Sale By Owners. FSBO's are especially vulnerable because they have total strangers calling them so they can enter their home.  My suggestion for a FSBO is never show the home alone.  Always have a partner  
  • Stow away valuables. During showings, sellers cannot always depend on the agent to watch every move a client makes. Be sure to safeguard all jewelry, prescription drugs, and small poachable items.
  • Remove family photos. Agents have often told sellers to do this as a way to allow potential buyers to envision themselves in the house. It’s now a safety concern. What if a pedophile is the buyer
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It is getting easier for some buyers to land a house with less money up front.

More lenders are lowering down-payment requirements, allowing borrowers to commit 3%—or even less—of a home’s purchase price to get a mortgage. Most had been requiring down payments of 20% or more since the recession began, with a few exceptions.

Some lenders also are waiving mortgage-related fees, and more are allowing down payments to be made by other parties, such as the borrower’s family.

The deals are aimed at buyers with good credit scores and a steady income who have been unable to save enough for a sizable down payment. They are often targeted at buyers who live in expensive housing markets, where even a small down payment can equal tens of thousands of

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