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Real Estate Blog

Another great one from our people at Keeping Current Matters:

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The results of the latest Rent vs. Buy Report from Trulia show that homeownership remains cheaper than renting, with a traditional 30-year fixed rate mortgage, in 98 of the 100 largest metro areas in the United States.

In the six years that Trulia has conducted this study, this is the first time that it was cheaper to rent than buy in any of the metropolitan areas.

It’s no surprise, however, that those two metros are San Jose and San Francisco, CA, where median home prices have jumped to over $1 million dollars this year. Home values in San Jose have risen 29% in the last year, while rents have remained relatively unchanged.

For the 98 metros where homeownership

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  • By Steve Rockefeller 

The most recent National Association of Realtors profile shows that 40 percent of repeat buyers and 66 percent of first-time homebuyers are putting less than 10 percent down. Understanding all of your low-down-payment mortgage options may aid you in obtaining a mortgage while helping to save money.

Different types of mortgages can be tailored to purchase a home. If you’re looking to use a conventional loan and you made a down payment of less than 20 percent of the home’s value, you’re probably going to need mortgage insurance, commonly known as PMI. If using, for example, a government FHA loan, you’re going to need mortgage insurance, known as MIP. Confusing I know.

With the lowest of

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We hear these names as they come up as tropical storms.... but where do the actual names come from? Find out more below!

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Tropical storms have been named for 2017, so here is the list of hurricane names for the Atlantic Basin (Miami hurricanes) and Eastern North-Pacific (California hurricanes). Is your name listed?

HOW ARE HURRICANES NAMED?

  • Native Americans called these storms Hurakons, after “a great spirit who commanded the east wind.” Spanish explorers adopted the word and then began giving hurricanes the names of patron saints on whose feast days the storms occurred. Later, hurricanes were identified by their longitude and latitude.
  • A weatherman in Australia is credited with being the first person to name a
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So, you've been looking at houses online, hopefully working directly with a professional real estate agent... and otherwise staying off certain national sites that like to take your information, sell it to whatever random agent has bought that particular zipcode and got your business only by spamming your email, phone and text.

But... we digress.

So you've been looking at houses online, and decided that there's ONE IN PARTICULAR THAT WOULD BE PERFECT. 

The pictures!

The price!

The layout (from what you can tell)!

The colors look fantastic...

The yard looks well kept...

The appliances are new or at least recent...

EVERYTHING IS PERFECT.

Right?

So, you arrive there and it hit's you:

Something. Anything. Everything... is a

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Do you think that FSBO, or "For Sale By Owner" sounds easy?

Or even if it's just a bit of work on your end as the seller, it will TOTALLY be worth the money you save.... right?

Not so fast... check out this honest writeup from the National Association of Realtors:

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You’ve heard of buyer’s remorse; but without your market expertise and sales skills to back them up, sellers who choose to sell their home on their own just may experience “seller’s regret” when they see how much less they get for their properties.  Some may want to avoid paying an agent's commission—but even factoring that in, FSBOs still stand to make less on their home sale. “Talk to an agent and find out what they suggest for the commission, and then do the math

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Does retirement seem so far away? Or maybe not far enough? Do you wonder whether your forever home could really BE your FOREVER HOME? Here's a few thoughts to ponder on:

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As more and more baby boomers enter retirement age, the question of whether or not to sell their homes and move will become a hot topic. In today’s housing market climate, with low available inventory in the starter and trade-up home categories, it makes sense to evaluate your home’s ability to adapt to your needs in retirement.

According to the National Association of Exclusive Buyers Agents (NAEBA), there are 7 factors that you should consider when choosing your retirement home.1

1. Affordability

“It may be easy enough to afford your home today but think

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Important notice for our Virginia Beach residents and those who are coming into this area...! Hot off the press from the Virginia Beach city website:

Temporary Road Closure to affect Princess Anne Road starting July 23

Monday, July 16, 2018

‚ÄčThe Department of Public Utilities will begin the construction of a sanitary sewer vacuum main along Princess Anne Road starting on Monday, July 23. This work will result in the temporary closure of Princess Anne Road from Fenwick Way to Seaboard Road, with a detour from Holland Road to Nimmo Parkway to Seaboard Road. This detour is expected to be in effect until Sept. 23, 2018.  

Advanced warning signs will be posted advising motorists of the utility work and detour routes. The Dozier's Bridge Canoe

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Who doesn't deal with some dead-zones, here and there? If you don't... you're LUCKY! 

If you do... there's NO PLACE more annoying to have spotty service than IN YOUR HOME!

Check out these tips from PopSci (Popular Science) on how to deal with those in home dead zones:

Try a messaging app

If Wi-Fi calling doesn’t work for you, and you’re unwilling to buy a new phone, you can still try another solution—though none of them are quite as seamless.

Most messaging options—like Facebook Messenger, WhatsApp, and Skype—allow you to make voice calls and send messages to any of your friends within those apps.

There’s a good chance most of your contacts are on Facebook anyway, so that’s a decent option—but it isn’t always as reliable as text

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One of the best kept secrets here in the 757 is the Military Aviation Museum. Be sure to check out their website, www.militaryaviationmuseum.org, to find out more information about their events. They keep a full calendar, so you'll be sure to find something going on there on nearly a weekly basis!

This year's "Summer of Flight" includes the following scheduled events:

Fee: Summer of Flight is included in your general museum admission, free for museum members!

Schedule: Each Summer of Flight event starts at 1pm. Flights, Aircraft and Topics subject to change.

  • May 26th – Dunkirk Evacuation Begins – Featuring Supermarine Spitfire

  • June 2nd – Battle of Midway – Featuring Grumman Wildcat & PBY Catalina (taxi only)*

  • June 9th –

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Everyone seems to have an interest in something.

This often leads to collecting, a past time of what seems like generations past, but is actually still prevalent!

But is what you are keeping a collection, or just keeping some clutter?

Marie Kondo, a #1 New York Times best-selling author of both Spark Joy and The Life-Changing Magic of Tidying Up , approaches whether or not items give you joy, in deciding whether to keep them or send them on to another place in their life. 

Some items in your home may truly bring you joy; others, you may have forgotten the reason of why you have them in your home.

Some may have been gifts you accepted on a memorable holiday, others may be something that was passed down by someone else who had a hard time

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