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Virginia Beach : Real Estate Advice

  • All670
  • Local Info81
  • Home Buying193
  • Home Selling35
  • Market Conditions30

Activity 348
Thu Mar 22, 2012
Drew Hitt answered:
It was Nations Home Mortgage but on 4/6/2009 they sold the loan to World Alliance Financial Corp, but they assigned the mortgage to Bank of America on 5/3/2010.

So currently the mortgage appears to be with Bank of America.

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0 votes 1 answer Share Flag
Mon Mar 19, 2012
Chris Ognek answered:
The easiest thing to do is make an offer and you'll know right away if they are firm or not. Good luck.
0 votes 24 answers Share Flag
Mon Mar 19, 2012
Robin Holliday answered:
Hi Frank,
Woodstock is a nice area in Kempsville, good schools, nice neighborhoods, not to far from interstates,shopping etc...When were you looking to relocate if you decide? If you need any help with transitioning..I would love to help...if you need lenders for financing and/or any more questions you need answering let me know..
Thanks, Robin
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0 votes 9 answers Share Flag
Fri Apr 13, 2012
Drew Hitt answered:
What areas are likely to appreciate in Virginia Beach in the next 5 years? That's an easy one. None of them.

Values will stabilize at best. They will likely be lower than this point at which they are at today, in 5 years. 8 years...different story, we should start seeing an uptick, albeit slow 2 - 3% appreciation.

Unless banks open up lending to a somewhat larger or broader market, the market will continue to decline. We won't need 2003 - 2005 lending standards, but we do need better standards to improve the residential home market.

I'd love to hear someone try to argue the other side of this. It would be a hard arguement, but I'd love to hear it!

-Drew Hitt
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0 votes 5 answers Share Flag
Mon Mar 19, 2012
Robin Holliday answered:
Hi Just looking....
When you find the "Right" agent you will know...a good buyers agent is someone who you are going to feel comfortable with, asking questions and explaining the home buying process to you..they need to know the market we are in, find you homes that meet your criteria, and ask questions on properties they are not familar with. You want someone that has your best interest at heart and that will negotiate on your behalf to get the best possible price and terms. They need to know the area that the buyers are wanting to buy in and also ask you alot of questions on what it is you want, need and can afford paying. Building a relationship with your client is the key to sucess. Knowing what that client wants and needs is also have to be able to ask and understand all the different aspects for you as the buyer to feel comfortable moving forward with purchasing your new home...the buyers agent will write the contract, neg. the price and terms, set up home inspections, neg. the repairs..if any, set up the closing and be there every step of the way to make you as the buyers comfortable and happy that you have made the right decision....hope this helps ... more
0 votes 7 answers Share Flag
Mon Mar 19, 2012
Cheryl Talbot answered:
Read it cover to cover. Is it a REIN lease? Meaning, is it a lease from or through a real estate office? Those leases are well written and protect both of sides the transaction. If you are leasing from an owner working without a Realtor, you really should seek legal counsel or take it to legal aide. There are too many aspects of the lease where you could be damaged if the language wasn't there. Seek legal counsel is the best answer here. Thanks and Good Luck! ... more
0 votes 6 answers Share Flag
Mon Mar 5, 2012
Kevin Monette answered:
Short sales are by no means short. There are a ton of variables that determine if the deal will go through or not. In most cases it can take from 4 to 6 months to actually close. The bank could however, come back after 4 month's and say they are going to repo the home or they will sell the home at a higher price, then the buyer must deside if it is worth it at that time.
If you have the time to wait, it could be a great deal. If your in a hurry, well it is not adviseable to get involved with a short sale contract.
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0 votes 2 answers Share Flag
Mon Mar 19, 2012
Wayne Goodman (757) 692-6266 answered:
Hello Other/Just Looking -

In my opinion, the same tips apply for the most part to all buyers: buy smart, buy what you want, be as sure as possible of your decision, make sure you have established your priorities with respect to what you are looking for, and when the right opportunity comes along - give it your best shot and go for it. In addition, and perhaps most importantly, work with a good Realtor and consultant who will guide you through the process.

Good luck to you.

Wayne Goodman
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0 votes 7 answers Share Flag
Mon Mar 19, 2012
Robin Holliday answered:
Hi ... If you are a buyer and need your cc.. In the market we are I'm sellers are usually willing to assist or pay all the closing cost.. If your asking which closing cost are neg. as far as reducing... Cc are made up of real estate taxes insurance escrows lenders fees etc.. And most of these fees are not neg. but as a buyer we can ask for the fees to be paid by the seller hope this answers your question ... more
0 votes 4 answers Share Flag
Sat Dec 29, 2012
Kevin Monette answered:
Do basis work on the home and yard. Trim trees, edge yard, keep all excess stuff picked up in the home and year, clean any spider webs from the door ways, paint trim, and stuff to help set your home seperately from the others in the neighborhood. The first impression is the lasting.
The the inside of clutter, box unneeded items and place them in the attic, garage, storage unit. Keep as little clutter on counters, TV stands, Floors etc. Have a Fresh sent, once you first enter the home and keep the same sent going through-out the home. NO LOOSE PETS, this kills more showings than anything. If a buyer is scared or has allergies to animals, well the deal is dead before it starts.
This will bring the buyers to contract for you and you should get your value. Besides all this, you can do some upgrades, however I find even though you have upgraded items like granet counters, hardwood floors, etc. You really only get a fraction of the cost added to the purchase price and appraisal. Let the new buyers install the things they want, because when you put in Cherry Cabinets, they will want light oak color.
Good Luck.
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0 votes 6 answers Share Flag
Tue May 19, 2015
Lisa Timko, Cleveland REALTOR ® answered:
I completely agree! Curb appeal is very important. A lot of buyers drive by before making an appointment to see the home. If they don't like how the home looks from the outside, they will never step inside. Since there are tenants there who might not take care of any landscaping, I would highly recommend the seller hire someone temporarily to maintain it while it is active. These are the little things that really matter when it comes to selling a home. It will pay off in the long run for the seller. ... more
0 votes 18 answers Share Flag
Fri Mar 2, 2012
Ann Markley answered:
This is a great question.. As a professional Realtor I believe in educating my clients on the buying process such as what to expect on a home inspection, termite & moisture inspection, appraisals etc. I also team up my clients with a motivated lender to explain the loan process, such as current interest rates and loan optons..This is the First step before going out blind to look at homes. Sellers will not accept an offer from a buyer who does not have a lender letter stating that you are qualified to buy that home.. I hope I have answered some of your questions and I would be happy to speak with you on any additional questions or concerns.

Thank you for your time and I look forward to speaking with you. Remember it does not cost you anything to use my services. The Seller pays me at closing.

Have a great day.
Ann Markley
Your Hampton Roads Realtor
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0 votes 3 answers Share Flag
Sun Sep 9, 2012
Phil Rotondo answered:
You could try selling the home as an investment property with tenant already in place and willing to stay.
Someone out there might just like that.
0 votes 12 answers Share Flag
Wed May 14, 2014
Craig Barber answered:
You might look at Virginia Beach as a starting point. Depending on the location in Norfolk it could be a very easy commute. I know of a home for sale on a lake with an inground pool with great schools in Va. Beach. It is listed at $309,000 4 BR 2 Bath. Let me know if I can help further.

Craig Barber
Sales Associate with William E Wood & Assoc.
757 672-9644
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0 votes 6 answers Share Flag
Wed Nov 13, 2013
Marie Souza Team answered:
Depends on your location. Ask your agent. They can best help guide you.
0 votes 5 answers Share Flag
Sun Feb 26, 2012
Tim Moore answered:
Because they lose money on it when they do. Would you like to give up $100,000? I doubt it and a bank is no different. Often they will foreclose so they can take over the house, move out the ex owner who defaulted on payments and then decide what to do. Other banks like the short sale approach, but in either case there is a loss to the bank and no banks likes to lose money. Some owners try to short sale their house while still making payments and the bank just ignores those offers since they are being paid the mortgage each month. You, as a potential buyer, will have no idea if the owner is current or behind on payments and often the sellers listing agent won't know either. It happens and those situations drag on for months sometimes as the bank just ignores the offers. I feel listing agents should have bank approval to short sale a house before it is listed for sale, this would prevent owners from trying to short sale just because the house is worth less than when they bought it but still current on payments. ... more
0 votes 8 answers Share Flag
Wed Feb 15, 2012
Joshua Parnell answered:
If its a Chapter 13 possibly but if its an Chapter 7 you need to wait 2 years, Owner financing at that point would be your only avenue, call me when you get a chance to discuss or if have any questions


Josh Parnell
Prudential Towne Realty
757 469 5674
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0 votes 7 answers Share Flag
Sun Nov 1, 2015
Charles Lewis answered:
Inventory is shrinking. Homes sales are up but the year over year increase was the smallest for the 7 major cities in Hampton Roads. Average sales price down from 2010.
0 votes 11 answers Share Flag
Fri Jan 20, 2012
Erica Ramus, MRE answered:
If you're looking for some sort of answer you must give more info than that.
0 votes 12 answers Share Flag
Wed Nov 13, 2013
Bill Eckler answered:

Yes, try contacting the listing agent but in going this route "solo" gaining access for an appraisal and inspection are only the very beginning of your worries.

The reality is that history shows that more home have been sold without the services of a real estate professional than with one...however, that was when a deal was done on a "hand shake." You may say that times have changed.....

Going it without a RE professional or an attorney in your corner may be asking for trouble.

Good luck,

... more
0 votes 11 answers Share Flag
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