What is the average # days that a 4 bedroom, 3 bath custom built home on the market in Virginia Beach? Priced at $650,000? This is below city

Asked by Tl, 23452 Mon Oct 12, 2009

assessment.

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5
Wayne Goodman…, , Norfolk, VA
Wed Oct 28, 2009
TI - In my professional opinion, the best answer to that can only be determined by knowing if the property is priced correctly. Pricing properties correctly are what is key in this market. Our Region is not as dormant as so many others throughout the country right now; people are still buying and selling houses. However, as you know, inventory levels Region-wide for the most part remain high and overpriced houses are not selling. Moreover, even if an overpriced house does manage to go under contract, the chances are strong that the buyer's loan will not go through because the house will not appraise at such contract price. If the house is priced correctly and the market perception from such pricing is that it may represent a perceived value and good buying opportunity, then that house can be expected to have a shorter market time than others. I'd be happy to discuss this further with you if you would like to; you may contact me at wayne.goodman@longandfoster.com. Thanks.
0 votes
Jeff, , Virginia Beach, VA
Mon Oct 19, 2009
Virginia Beach City assessments are currently meaningless, and many are absurdly elevated. But they will slowly come back to reality after a few more years of annual city budget disasters.

The city is currently facing a $49M 2010-2011 shortfall before lowering assessments. Last years shortfall was only $22M before some stimulus money was obtained. Serious trouble coming for VB City.

Like the RE agents say, if it's priced right the market responds. If you are hanging on to delusions of grandeur, you have to wait for like minded folks. Also, $650K price range inherently has a little longer market time in out area.

http://www.vbgov.com/news.aspx?vgnextoid=c40261bb76d54210Vgn…

http://hamptonroads.com/2009/10/virginia-beach-city-council-…
0 votes
David Taylor, Agent, Virginia Beach, VA
Tue Oct 13, 2009
TI, we've had 4 sales between 600 and 700 in the last six mos in Little Neck...is this where you are? Three in Middle Plantation in about 3 mos, and Hurds Rd was on for a while, then off, then relisted and sold pretty quickly... Where are you? I live in Little Neck and know the areas pretty well. Want to talk? I can give you help and opinions, even with no strings attached if you like.

David Taylor
Rose and Womble Realty

A Realtor with Taylor-Made Solutions!

(757) 377-2133 direct

dtaylor@roseandwomble.com
http://www.taylormadehomesales.com

Have an iPhone? From the AppStore search "taylormadehomesales" and dowload my free App!
0 votes
Chris Capps, Agent, Richmond, VA
Mon Oct 12, 2009
TI,

I agree with Marie.

I highly recommend you partner with a Realtor and create a selling strategy net you the most money and work with you timetable.

I have some great contacts in that area, please contact me via email or phone if you would like names.

Sincerely,

Chris Capps, Realtor
Residential Real Estate Specialist

cell 804.896.6945
office 804.740.1644 ext. 103
fax 804.545.7224
email chriscapps@oakstoneproperties.com
web http://www.chriscapps.com

It's Time to Expect More From Your Realtor

Licensed in Virginia, with contacts across the state
Web Reference:  http://www.chriscapps.com
0 votes
Marie DeLuca, Agent, Naples, FL
Mon Oct 12, 2009
Hi:
Although my market is in Naples, Florida, I can tell you that exposure has the most to do with a house
that is priced right for the market.

Nomatter where the home is - Advertise, Open Houses, and get it exposed. If it is priced right and
staged, it will sell.

Marie DeLuca, PA, ABR
Gulf Breeze R.E.LLC 239-293-4290
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