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Renting

Get the latest advice on living in a rented home and on how to rent your own house in Hampton Roads. You’ll find rental advice, featured properties, and details on our property management services.

Found 36 blog entries about Renting.

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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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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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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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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Most people will gloss past this headline- there's nothing exciting about mortgage rates, right?

Well, actually....

Read this first, then let us know what you think!

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Where Are Mortgage Interest Rates Headed In 2018?

The interest rate you pay on your home mortgage has a direct impact on your monthly payment. The higher the rate the greater the payment will be. That is why it is important to know where rates are headed when deciding to start your home search.

Below is a chart created using Freddie Mac’s U.S. Economic & Housing Marketing Outlook. As you can see, interest rates are projected to increase steadily over the course of the next 12 months.

Where Are Interest Rates Headed? | Keeping Current Matters

How Will This Impact Your Mortgage Payment?

Depending on the amount of

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You've probably thought about these things before, but we'll pull them all together in this quick list for you.

Spring is right around the corner, so if you're planning on having one, now's the time to start planning!

So here goes...

6 FANTASTIC TIPS For Your Garage/Yard Sale:

1.) Make sure ALL of your signs LOOK the same! Obviously, the arrow may change, but if a prospective shopper is driving around your neighborhood LOOKING to find your house, they are subliminally looking for the SAME sign--- thus one is neon, make them all neon. If you put a balloon on one, put a balloon on ALL of them. That way, as they are driving through a neighborhood and trying to find the "next" sign marker, your next sign will stick out to them. Remember... the

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Hot off the press from Patrick Steele, of Tidewater Mortgage... here is a decent explanation on the latest!!!

Mortgage rates are in big trouble.  Whatever you've read about the current spike so far today, you'll probably need to double it after today's bond market movement.  Why?  Because most news stories on rates haven't yet accounted for today's bond market movement!  The most prevalent source material is Freddie Mac's weekly survey which generally tracks lender quotes from Monday and Tuesday of any given week.  The survey showed a 0.07% jump week over week. 

The actual jump is more like 0.12-.13.  The average lender is now quoting 4.375% on top tier 30yr fixed scenarios.  More than a few are already up to 4.5%.  Lenders quoting rates much lower

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Yet another fantastic write up from Keeping Current Matters!

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Urban Institute recently released a report entitled, “Barriers to Accessing Homeownership,” which revealed that “eighty percent of consumers either are unaware of how much lenders require for a down payment or believe all lenders require a down payment above 5 percent.”

Myth #1: “I Need a 20% Down Payment”

Buyers often overestimate the down payment funds needed to qualify for a home loan. According to the same report:

“Consumers are often unaware of the option to take out low-down-payment mortgages. Only 19% of consumers believe lenders would make loans with a down payment of 5% or less… While 15% believe lenders require a 20% down payment, and 30% believe lenders

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Agh, did that title pull you in?! Check out this sage advice from our friends at Keeping Current Matters:

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Owning a home has great financial benefits, yet many continue to rent! Today, let’s look at the financial reasons why owning a home of your own has been a part of the American Dream for as long as America has existed.

Zillow recently reported that:

“In reality, buying or renting a home is an intensely personal decision, with emotional and even financial considerations that go beyond whether to invest in this one (admittedly large) asset. Looking strictly at housing market numbers, there is a concrete point at which buying a home makes more financial sense than renting it.”

What proof exists that

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The honest truth is....  You should know your credit score. But let's be honest, 

Wondering why, or even what to do if it isn't so stellar?

Read this great piece by our friends over at KCM:

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Knowing your credit score or getting a recent copy of your credit report is one of the first steps that you can take toward knowing how ready you are to start the home buying process.

Make sure all the information listed on your report is accurate and work to correct any mistakes. The higher your credit score, the more likely you will be to receive a better interest rate for your mortgage, which will translate into more ‘home for your money.’

Many potential buyers believe that they need a 750 FICO® Score or higher to be able to purchase a

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