Let me first thank you and your husband for his (and yours!) service to our Nation. All over town, our flags are flying at half staff in honor of our fallen heroes from the recent tragedy in Afghanistan. Many on that fateful mission were stationed here in Hampton Roads as part of SEAL team 6. We continue to lift these families and friends up in prayer. God Bless our servicemen and women deployed across the world in defense of our freedom!
As a lifelong resident and third generation native of Norfolk, I would love to assist you with a potential home purchase in Norfolk as would virtually all REALTORS. I always try to get as much info as possible before suggesting homes or even a home purchase? The rule of thumb used to be that a military person needed to be sure they were going to be stationed here for at least 3-5 years to ensure they would have enough equity if they had to sell upon getting new orders. Given that our home prices are still sliding and the cost of selling exceeds 10% generally, I would caution that you may want to push that safety window out past 5 years? Unfortunately, many military personnel who purchased locally in the past 5-6 years are being forced to rent their homes because their value has decreased substantially in addition to the aforementioned 10% cost of selling (3-4% closing costs plus 6% sales commissions). This has undoubtedly caused some unnecessary hardship in addition to preventing them from taking advantage of a probable buyers market at their next duty station.
That said, I practice almost exclusively in the City of Norfolk and feel there are great bargains to take advantage of if you decide that's the right decision for your family. I also feel that you will more likely end up in the upper 160's to upper 180's if you need the second bath and a larger kitchen or open floor plan for family gatherings. That is in keeping with Norfolk's median home price currently around $170,000. Virginia Beach's median home price is even slightly higher so I'd bet you would end up closer to $200,000 if you opted for Virginia Beach. Norfolk is roughly a 6 mile by 6 mile square so every neighborhood would be close to the either the Air Station or the Amphibious Base, Norfolk's two bases, and Interstate 64 which runs through the heart of Norfolk. You can contact me at http://www.MickShaw.com
or by cell phone at 757-286-0800. I can also send you a Hampton Roads welcome package via the postal service or in digital format electronically. Let me know which you prefer? Thanks for your inquiry...and welcome !