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It is highly likely that the home you currently own (or will buy some day) won't be your forever-home. Families change, from size to dynamics, jobs change from pay to location. Needs change from large yards to extra bedrooms. Thus it is a wise thing to consider... What is important to the NEXT person who buys that home (from you!) may be different from what was important to you (and your family). 

Are you buying a FOREVER home... or a FOR NOW home? Most of us buy a FOR NOW home... which means you DEFINITELY need to put on a seller's cap at some point- why not try it on, now?

Here's a few just to get the thought process started:

1.) You: Schools really aren't that important to us (we don't have kids/aren't planning on having kids/ we plan on home

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Mortgage Matters: Is an approval an approval?

  • By Steve Rockefeller 

Historically low mortgage interest rates have continued to spur home sales in Hampton Roads. If you’ve been thinking about buying a new house, or perhaps your first house, this may be the time to commit and jump into the marketplace. The key, however, is gaining loan approval.

Just when you thought the “F” word was a four letter word, when applying for a mortgage loan it is a five-letter word spelling “FRAUD.” Because of the sins of the housing industry’s past, along with what appears to be a constant mountain of foreclosures, every lender in the nation at every level of their company is charged today with preventing mortgage fraud. If you

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A few quick notes:

  • Interest rates are projected to increase steadily heading into 2019.
  • The higher your interest rate, the more money you end up paying for your home and the higher your monthly payment will be.
  • Rates are still low right now. Don’t wait until rates hit 5% to start searching for your dream home!

Got questions on that? Be sure to reach out to one of our premier lenders, Patrick Steele of Tidewater Mortgage, or Steve Rockefeller of George Mason Mortgage. Both are incredibly knowledgeable on everything you could want to know about the mortgage process and are willing to help out with any questions you may have.

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Thank you to KCM for a great writeup!

Got questions? We've got answers! Hit us up in the comments

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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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All Cash Offers are on the rise nationwide according to a recent Washington Post Article.     As All Cash offers become more common here in Hampton Roads you may be wondering, Is a Cash Offer Better for a Seller in Today's Market Conditions? We will address this from both Buyer and Seller positions. Today lets take a look at the buyer's side of the transaction.   Cash Buyer Considerations:   Pro: A faster closing and move in may be possible since underwriting a loan is not needed.  Pro: Under the right conditions a cash offer may motivate a seller to accept less for a home.  Pro: Paying cash may broaden the choices for available homes since mortgage condition guidelines will not be a factor.   Con: Be Sure your finds…
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We have over 100 years combined living experience in the Hampton Roads area. As such, we thought to poll our agents and see who stayed and went with Hurricane Florence coming in.... and what they did to prepare their homes. Turns out everyone actually stayed in the area, thus their preparation was for hunkering down to weather the storm (if it came this way)!

Here's what some of them had to say:

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We picked up the standard stuff, except I bought some junk food that I normally don’t get. 

  We bought extra gas, fired up the generator to make sure it was good to go, froze a dozen bottles of water to help use as ice to keep things cold if power goes out. I turned the refrigerators & freezers to the coldest settings. 

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Monday and

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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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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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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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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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