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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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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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Part ONE of our new short-video series, "Real Estate Moment of Truth!"

So what do you think? Surprised? Not at all? Let us know!

If you have any questions, please feel free to reach out!

As always... thanks for stopping in and seeing how we're doing here on our blog...
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