Norfolk, VA Real Estate News

By DeAndrea "Dee Dee" Jones, The NorthernVARealEstateLady & DMVRealEstateChick
(Home Buyers Marketing II, Inc.)
If you are a veteran, active duty, or a reservist prospective home buyer.  Listen up Dept of Veteran Affairs has announced new changes.   According to update 26-11-12  the change will affect the funding fee.  The funding fee is the amount due up front or can be financed into the loan amount on a VA Loan.  The purpose of this fee is to act as a mortgage insurance for VA lenders  and is intended to enable the veteran who obtains a VA home loan to contribute toward the cost of this benefit,.  The benefit of using a VA loan versus an FHA loan is there is no monthly mortgage insurance premium paid.   This can make a monthly payment on a VA loan significantly less.  Interest rates are still at record lows and sales prices are very reasonable.  If you are ready to buy or want to hear more abou...
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By DeAndrea "Dee Dee" Jones, The NorthernVARealEstateLady & DMVRealEstateChick
(Home Buyers Marketing II, Inc.)
 VHDA is pleased to announce an increase in maximum income limits, makingit possible for more first-time home buyers and anyone who has not purchased in last 3 years to qualify for a VHDA loan. Income limits increased in all areas of Virginia.                          In Hampton Roads: Now for a family of 2 or less if you have a household income of $79,600 (up from $71,000) and for a family of 3 or more the house hold income increases to $92,200 (up from $80,000). For home buyers who meet this income limit, a Home buyer Education class and other documentation requirements would be required to qualify. VHDA mortgages offer an affordable fixed rate usually at a minimum 3.5% down payment and for those that qualify for a VHDAPLUS loan this can help you with the downpayment requirement. For ...
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By Lorinda Ward, Serving, Hampton Roads Virginia. Norfolk, Chesapeake, Va Beach
(Keffer Realty)
29th Annual Norfolk Jazz Festival.  Presented by The City Of Norfolk  Downtown Norfolk has the regions longest running outdoor Jazz Festival.  Mark your calendars now.  The event will be held for two days, starting Friday, July 22nd at 5p.m until 11p.m and July 23rd 5p.m until 11p.m.  There will be performances by Joyce cooling, Ramsey Lewis, The Rippingtons, Eugene Grove, Kim Waters, Pieces of A Dream, Spyro Gyra, and many more talented bands. Tickets are on sale now!  You do not want to miss this great event.  Marion Meadows, Warren Hill and Paul Taylor will perform on Friday, July 22, 2011 as part of the "Gentlemen of the Night" tour for the 29th Annual Norfolk Jazz Festival in Town Point Park on the Downtown Norfolk Waterfront. Admission: General Admission 2-day Combo ticket: $38, a...
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By Lorinda Ward, Serving, Hampton Roads Virginia. Norfolk, Chesapeake, Va Beach
(Keffer Realty)
Selling A Home In Norfolk, Virginia.  Times have changed, and I am sure we can agree with that.  So have the ways that we use to market properties that are placed on the market.  When you put your home up for sale, they are in competition with Short Sales, Foreclosures, properties that are over priced, and properties that are priced to sell.  Make sure you are an informative seller.  There is tons of free information on the Internet that can help to facilitate the sale of your home.  Send for your free guide for the nine most Common Selling Mistakes.  This guide will assist you on how to avoid common mistakes that sellers make. When marketing your home, you should always describe the most appealing features of the property.  Take plenty of pictures, these pictures should include the fro...
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By Lorinda Ward, Serving, Hampton Roads Virginia. Norfolk, Chesapeake, Va Beach
(Keffer Realty)
Weekend Events for the whole Family in Hampton Roads Virginia. Norfolk Va (Ghent). Starts at 10:00a.m. until 8:00p.m.  Bring the whole family! The Local Heroes will be giving away free comic books all day long, Saturday, May 7th.   This will be a fun event for the whole family!  They will be giving away free comic books, face painting.  Yorgo's will be serving free coffee and bagels in the morning and Cogon's will be serving free pizza in the afternoon!  There will be door prizes and many free give aways.  The event is held at Local Heroes 1905 Colonial Avenue Norfolk Va, 23517.  Need more information call 757-383-6810. Norfolk Va.  Lafayette Branch Library.  The event starts at 1:00p.m and ends at 2:00p.m.  Saturday, May 7th. The Norfolk public library will have the Jow Ga Kung Fu mart...
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By Lorinda Ward, Serving, Hampton Roads Virginia. Norfolk, Chesapeake, Va Beach
(Keffer Realty)
Looking to sell your Norfolk, Virginia home?  Let my real estate experience, knowledge, and determination work for you. I love the city of Norfolk, and I love what I do.  My clients are treated with the utmost respect, I listen to what you have to say, call me today to schedule your CMA!  Let's get that property SOLD!           Anytime you are in the market to buy or sell real estate do not hesitate to contact me.  Lorinda Ward 757-748-2194 or lorinda@thebesthomesinva.com.  Don't forget to visit me at www.thebesthomesinva.com.  
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By DeAndrea "Dee Dee" Jones, The NorthernVARealEstateLady & DMVRealEstateChick
(Home Buyers Marketing II, Inc.)
Is it me or are Foreclosures looking cleaner, nicer, more complete, and better these days!!!!    I once went into a foreclosure in Chesapeake, VA that had been stripped of everything including the toilets.  The previous owner had even took the gas fireplace inset out of the house.  It was a gorgeous home completely scalped.  I once saw a Norfolk foreclosure that had paint poured in the toilets and over every corner of the home.  Lately, the last few foreclosures I have shown have been immaculate in all Hamprton Roads cities.  From Suffolk to Hampton.  New paint, New floors, I just saw one with new everything, new landscaping, and new appliances.  Banks are realizing they do not want there inventory to sit.  They are trying to attract the best offers.  In my area with an abundance of Mil...
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By DeAndrea "Dee Dee" Jones, The NorthernVARealEstateLady & DMVRealEstateChick
(Home Buyers Marketing II, Inc.)
 FHA Changing Monthly MIP rates...effects Purchases and refis...AgainI keep telling my loan officers, don't nobody bring me no bad news!!!!!! then I get this info today! Provided from Brandon J. Blalock, Senior Mortgage Loan Officer McLean Mortgage Virginia Beach, VA Here we go again! The last increase took us from 0.55% to 0.90% (annually) on a 30 year fixed with 3.5% down. This next increase is an across the board 0.25% increase, so this will take us from 0.90% to 1.15% on a 30 year fixed. What does this mean in terms of your monthly payment?For each $100,000 borrowed on an FHA loan, your monthly payment will increase by $20.83. Why is this increasing?The word is that the FHA reserve fund continues to head in the wrong direction and they will continue to make these types of course cor...
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By Doug Wolfe, Ready to save you Thousands!
(Redefy Real Estate)
Norfolk Real Estate Market Update is a weekly report of real estate market statistics. This information is for buyers and sellers that are currently in the real estate market or are thinking about getting in to the market. Since Norfolk contains multiple zip codes this analysis may or may not be specific to your subdivision and should only be used as a tool to determine trend lines and a look at Norfolk as a whole.This week in Norfolk the median list price at $143,950 with the average asking price per square foot at $114.00. An average day on market is 169 days. Inventory and days-on-market are climbing, while the Market Action Index has been flat recently. The trends point to a weakening market. The market has settled in at a relative status in inventory and sales conditions. It's a B...
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By Doug Wolfe, Ready to save you Thousands!
(Redefy Real Estate)
Norfolk Real Estate Market Update is a weekly report of real estate market statistics.   This information is for buyers and sellers that are currently in the real estate market or are thinking about getting in to the market.  Since Norfolk contains multiple zip codes this analysis may or may not be specific to your subdivision and should only be used as a tool to determine trend lines and a look at Norfolk as a whole. This week in Norfolk the median list price is $149,900 with the average asking price per square foot at $116.00. An average day on market is 163 days.  Inventory has been lightening lately and the Market Action Index has been trending up. These are mildly positive indications for the market. Home sales have been exceeding new inventory for several weeks.  Since this is a ...
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By Doug Wolfe, Ready to save you Thousands!
(Redefy Real Estate)
Norfolk Real Estate Market Update By dougwolfe Norfolk Real Estate Market Update is a weekly report of real estate market statistics.   This information is for buyers and sellers that are currently in the real estate market or are thinking about getting in to the market.  Since Norfolk contains multiple zip codes this analysis may or may not be specific to your subdivision and should only be used as a tool to determine trend lines and a look at Norfolk as a whole. This week in Norfolk the median list price is $234,000 with the average asking price per square foot at $145.00. An average day on market is 211 days.  Inventory and days-on-market basically has unchanged and the Market Action Index has been trending down lately, while inventory and days on market are climbing.   The trends i...
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By Doug Wolfe, Ready to save you Thousands!
(Redefy Real Estate)
  Norfolk Real Estate Market Update is a weekly report of real estate market statistics.   This information is for buyers and sellers that are currently in the real estate market or are thinking about getting in to the market.  Since Norfolk contains multiple zip codes this analysis may or may not be specific to your subdivision and should only be used as a tool to determine trend lines and a look at Norfolk as a whole.  This week in Norfolk the median list price is $349,000 with the average asking price per square foot at $183.00. An average day on market is 366 days.  Inventory and days-on-market basically has unchanged and the Market Action Index has been trending down lately, while inventory and days on market are climbing.   The trends imply a weakening market.  Since this is a buy...
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By Kathryn Maguire, Serving Chesapeake, Norfolk, VA Beach
(GreatNorfolkHomes.com (757) 560-0881)
Hurrah Player's Presents Halloween: It's For the Birds.   If you are looking for a great event to get you in the Halloween spirit, come to the Perry Family Theater in downtown Norfolk for the Hurrah Players' production of the brand new play by Chip Fortier, Halloween: It's For the Birds.   This is a show for all ages and is sure to make you smile.  Chip Fortier is well noted for his creation of the local sensation, 1607: First Landing.  The Hurrah Players and its Artistic Director, Hugh Copeland, have long been a driving force for fostering a love of the performing arts in Hampton Roads children and adults alike. Call today for tickets (757) 627-5437.  The intimate venue of the Perry Family Theater will most likely ensure that tickets to Halloween:  It's For the Birds sell out prior to ...
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East Beach -Norfolk VA  Real Estate Market Report: September 2010 - East Beach -Norfolk VAHomes for Sale - Neighborhood Information      To view any of these homes or for more detailed information Call me at  757-502-5324 begin_of_the_skype_highlighting              757-502-5324      end_of_the_skype_highlighting begin_of_the_skype_highlighting              757-502-5324      end_of_the_skype_highlighting begin_of_the_skype_highlighting              757-502-5324      end_of_the_skype_highlighting  or visit my website Homes for Sale in  East Beach LP = Listing Price    SqFt = Square Feet    SP = Sales Price     SP/LP = Sales Price  to Listing Price     LP/SqFt = Listing price per Sqare Feet SP/SqFt = Sales price per Square Feet     DOM = Days on the market * Days on the market does not ta...
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Ghent  - Norfolk   -VA   Real Estate Market Report: September 2010 - Ghent- Norfolk    -VA Homes for Sale To view any of these homes or for more detailed information Call me at  757-502-5324 begin_of_the_skype_highlighting              757-502-5324      end_of_the_skype_highlighting  or visit my website Homes for Sale in  Croatan Beach LP = Listing Price    SqFt = Square Feet    SP = Sales Price     SP/LP = Sales Price  to Listing Price     LP/SqFt = Listing price per Sqare Feet SP/SqFt = Sales price per Square Feet     DOM = Days on the market * Days on the market does not take in to account prior listing attempts. * Sales Price to Listing Price does not take in to account prior price reduction.  Only the last price offered. Information Deemed Reliable but not guaranteed. Information c...
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By Robert Resh
(Resh Realty Group & Richmond Realty Professionals)
Drive into the Ghent area of Norfolk, VA and you will find a lovely historic area. This neighborhood is rich in culture and conveniently located to downtown Norfolk and the Naval Base. This area has a combination of amazing architecture dating back to the early 1900s, new construction homes and condos, restaurants and shops. The Ghent Neighborhood League works to maintain the architectural integrity of the community. This tightly knit community is a place to easily call home. You will always find something to do in Historic Ghent. There is a neighborhood movie theatre, the Chrysler Museum, local restaurants and boutiques and a park to enjoy a relaxing afternoon. Interested in finding a home for sale in Ghent, Norfolk, VA? Resh Realty Group will work with you to find the home that is be...
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By Robert Resh
(Resh Realty Group & Richmond Realty Professionals)
Larchmont and Edgewater are two neighborhoods located on the West side of Norfolk, VA. Together, these communities are governed by the Larchmont-Edgewater Civic League, a volunteer organization, focused on preserving the beauty of the neighborhoods, crime prevention and more. This 2,300 home community offers a variety of styles ranging from estate-like homes built back in the 1920s to small bungalows to new construction. Additionally, there are some townhomes and condos available in the area. So, there should be a home for just about everyone in Larchmont and Edgewater. Both Larchmont and Edgewater are conveniently located off Hampton Blvd and are near Old Dominion University. Residents have easy access to beautiful water views, shopping, dining and downtown Norfolk. School aged childr...
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By Robert Resh
(Resh Realty Group & Richmond Realty Professionals)
East Beach is a lovely waterfront community in Norfolk, VA. East Beach gives residents the best of everything. The area is located where the Chesapeake Bay meets the Atlantic Ocean. Those living in East Beach can easily access downtown Norfolk, the airport and of course the beach. This is a community you can easily call home. The design of the area gives you a sense of belonging to a caring neighborhood. Residents enjoy their front porches or a sidewalk strolls. It’s a place where neighbors greet each other. The traditional architecture sets the tone and reminds you of a coastal town. This planned community offers single family homes, townhomes, condos, parks and common areas. And, the community is golf cart friendly. The Bayfront Club offers recreation and swimming. This young neighbo...
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By Robert Resh
(Resh Realty Group & Richmond Realty Professionals)
Lochhaven is located in Norfolk, VA. This lovely community is located off Hampton Blvd near  the Lafayette and Elizabeth Rivers. As you drive through Lochhaven, you will see elegant homes that were primarily built between 1920s and 1950s. These homes have been updated and well maintained. Mature trees line the streets and homes are situated on nice sized lots. When you actually see the inside of a home in Lochhaven, you will find architectural touches that you don’t see usually in newer homes. You’ll find built-ins and moldings that give the homes a stately feel. This is a must see community for those looking for a home for sale in the Norfolk, VA area. Resh Realty Group will work with you to find the right home for your family in Lochhaven or another neighborhood in Norfolk, VA. There...
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Ghent - Norfolk - VA Market Report:  6 months - Ghent - Norffolk - Virginia Homes for Sale - Neighborhood Information Information is as of September 6th, 2010 LP = Listing Price SqFt = Square Feet SP = Sales Price SP/LP = Sales Price to Listing Price LP/SqFt = Listing price per Sqare Feet SP/SqFt = Sales price per Square Feet DOM = Days on the market * Days on the market does not take in to account prior listing attempts. * Sales Price to Listing Price does not take in to account prior price reduction. Only the last price offered. Information Deemed Reliable but not guaranteed. Information courtesy of REIN Real Estate Information Network **Statistics are based on REIN member listings and may not represent the total number of units in this area Find out more about Ghent - Norfolk Virgini...
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