This is why you need to meet with a Realtor who can help you determine the comparable homes on the market that have sold recently and whether it will appraise/be worth what the current asking price is on this new construction home site. They are there to help you make the best decision and give you educated answers and resources. I would be glad to work on your behalf and help you through the process.

Sincerely,

Anja Howard
Realtor
Prudential Towne Realty
600 22nd Street
Virginia Beach, Virginia 23451

There are no tax records until the new construction is SOLD. These are new. I am familiar with condos in the beachfront area from First Colonial to beach. These have garages and are over 2000 sq ft . The pricing is appropriate and comparable to other sales of like properties. Being NEW you are getting upgrades other resale properties may not have like granite, stainless steel appliances, wood/ceramic flooring etc. These are beautiful and the location supports the price.

I recently spoke with a new buyer who was frustrated when she searched a neighborhood on different websites. She said "They all have the same houses...why is that?" The answer, of course, was "Because those are the ones that are for sale!". I think you're experiencing something similar, you're not finding recent sales, because there have not been any, or at least very few. I researched that neighborhood, Linkhorn Crest, and found that there were 3 sales in 2008, none so far in 2009. There are 7 active listings right now.
In this price range in Northern Virginia Beach, there are 161 active listings...approximately 10 sales occur each month. Too many homes for sale...not enough buyers to purchase them all.