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With rents rising faster than incomes, many people are expected to start looking to buy homes of their own. 

There are many good reasons why now is the time to look at purchasing a home.  Lower down payment mortgages, looser lending standards and a bigger selection of homes to choose from.  According to the Mortgage Bankers Association, sales of new homes are expected to climb by more than 13% in 2015, while existing home sales are expected to increase by 5%.

Builders are ramping up production of smaller homes to accommodate new entry-level buyers, said Stan Humphries, chief economist for Zillow.  With so many new homes slated to come onto the market, the supply is expected to loosen up and take some pressure off of home prices. That should improve

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Many people are still in shock from the extreme decline of the Real Estate market that took place in 2009.  Even with the amount of economic recover the country has had in recent years, people still question how the market is doing.  Is now is a good time to buy or sell homes?  Many current factors point to the fact that now is an excellent time to consider selling your home.  Demand for homes is high as of the end of 2014.  There has been more foot traffic (people out physically looking at homes) currently than at this time last year.  Because lots of people have been looking at and purchasing homes over the last year, the supply of available homes as been declining.  This increases home values. 

If you make the decision to sell your current home and

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Some homeowners may consider trying to sell their home without the assistance of a real estate professional.  We think there are several reasons this may not be a good idea for the majority of sellers.  Trying to sell your home without representation really puts you at a disadvantage when you have to negotiate.  You have to deal with buyers, buyers agents, attorneys, home inspection companies, appraisers, banks, all without the experience and guidance of someone who has been through the process repeatedly.  Most realtors have an extensive internet marketing strategy to sell homes.  Most sellers simply can't produce the same level of advertising on their own.  Also, the paperwork involved in selling your home has increased dramatically as industry

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This can be a tough question to answer, but it’s an important question when trying to purchase a home. For one, there are so many factors to consider.  Many homebuyers believe they should immediately respond with a lowball offer; however, this may not be reasonable. A reasonable offer is one that carefully considers market data, how the property compares to others that have sold and the buyer’s overall desire for the property.

Making the right offer is not an emotional decision. Rather, it’s one that should be based on research and market data.  Always be sure to have a qualified realtor advise you to find the ideal offer to make when purchasing a home. For more answers visit www.calltheporters.com

www.chesapeakerealestatespecialist.com

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    After 18 years of continuously selling home: many of them New Construction: I thought I new all about how to prepare my clients for the expenditures that come with a New Construction Purchase.  All of the homes that I had personally purchased had been residential re-sale with a VA Home.  I finally decided to purchase a new construction home because we had never lived in one.  It was in an upper middle class neighborhood around 450K.  I gave my wife a 25K budget to make things comfortable and I sure did under estimate the cost of making things what I considered right. 

   The first things that we purchased did not seem to bad: there are many windows in the home and we wanted Plantation Blinds so it was around 3K for blinds.  I did not realize that

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     There are so many choices out there for todays Consumers when Listing their home, Buying a new home and selecting the right Real Estate Professional for them that no wonder confusion abounds.  Approximately 55% of Real Estate agents across Hampton Roads have less than three years of experience.  Approximately the top 10% of all agents sell about 70% of all homes sold.  What do you want from the Real Estate Agent that you select to handle possibly the largest transaction in your life?  I cannot speak for others but I know what I would want.  I would want someone with a minimum of 10 years of full time experience with multiple credentials earned through the Hampton Roads Real Estate Association.  Also I would want someone with a minimum of a high

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     Many people get into trouble by getting behind on their mortgage payments.  It is a symptom of our times.  A large majority of Americans live from paycheck to paycheck or with very little cash reserves.  It is not that they are bad people: part of the issues is that prices especially the cost of housing has increased incrementally faster than wages.  You cannot fault individuals for taking a risk on a home and trying to grasp some security and a part of the "American Dream".  When a homeowner gets in trouble finacially most immediately think that it is the end of the world for them.  That is not the case.  There are many methods that can be used to recover from a short term financial situation to a long term disaster.  the worst thing anyone can do

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 What makes a neighborhood better than average?  Many would argue that it's not strictly a matter of architecture, schools, nearby shops or restaurants.  What seems to have a big impact are the people who live there.  Some communities put a lot of effort into cleaning things up, keeping homes looking nice.  They have community events.  Small local shops add a flare of creativity to their unique store fronts.  Some communities simply don't have these types of individuals putting in that extra effort.  But it can always get started, and then revitalization is born.  Great neighborhoods contribute to great schools, and attract high quality shops and restaurants into the area.  So keep these factors in mind when searching for your next home.  Please keep in

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Over the past few months there have been many signals that the housing market is heating up once again.  We have seen an increase in home prices, a drop in forclosures, an increase in sales of both new and previously owned homes, and an increasing mortgage rate.  Homebuilders are actually suffering from a shortage of workers due to increasing demand for new homes.  All of these signs point to a recovering, healthy market. 

Our national economy is emerging from the recession we suffered four years ago, which is driving the increase in activity and boosting mortgage rates.  Rates and home prices are still fairly low, and it is unlikely we will see them this low again anytime soon.  So now would still be an excellent time to purchase a home. 

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 Many people who are ready to sell their home consider doing so without the assistance of a realtor.  The idea is that they will be able to sell their home at more of a profit, because they don't have to pay an agent commission.  When deciding how you are going to sell your home, you need to carefully consider your goals and how to best achieve them.  Do you need to sell your home fast or are you willing to take your time?  How are you going to advertise?  How are you going to determine the best price to meet your goals?  How are you going to educate yourself about the process of successfully selling your home? How are you going to ensure the safety of your family with no electronic lock boxes to track strangers entering your home?  How are you going to

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