Virginia Real Estate Blog: February 2009

Do you like to look at new homes but don't want to stop in a model and get harassed by the on site agent?  One great way to see the latest features and techniques in decorating and construction is to visit the annual Tidewater Builders Association showcase of homes called Homearama.

This year, as in prior years, it is in the fall. October 3rd is the starting date for 2009. Location is Culpepper Landing in Chesapeake. New this year is a focus on more affordable construction. Home prices for this neighborhood are expected to be in the $300,000 to $500,000 range.

Looking for information on green building? Try the Tidewater Builders Association Green Building Council Site.

Look for real estate in Hampton Roads, Norfolk, Chesapeake, Virginia Beach, Suffolk and beyond?  Check my Website for homes search and other information such as Hampton Roads School information and more!

Fannie and Freddie - Extended Moratorium

Government-controlled mortgage finance companies Fannie Mae and Freddie Mac said Friday they have immediately suspended all foreclosure sales involving occupied single-family and 2-4 unit properties through March 6, to give troubled borrowers more time to work with loan servicers to avoid losing their homes.  Click here to read more from the Associated Press.

Need to list your home for sale in Hampton Roads?  I am happy to assist.  Searching for a home?  Check  my website for home search!    http://www.bethanyphillips.com

Good Morning!

If you are out there today wondering where to find your next true love... I have a suggestion for you!  Beagles to the Rescueis holding an ADOPTION DAY!  Have you met a beagle before???  Most of us know Snoopy with his crazy aviator antics and penchant for sleeping.  Well, beagles have lots of personalities, primarily fabulously gentle, loving, kind, sweet, and playful.

Please stop by today to meet those available through Beagles to the Rescue.  The adoption day will be at the Family Dog Farm on S. Centerville Turnpike in Chesapeake from noon to 4pm.

Are you hunting for a home in Hampton Roads!  I can help you sniff out just the right one! For real estate throughout Hampton Roads including foreclosures, waterfront property or urban living, Search for homes on BuyaNorfolkhome.com or bethanyphillips.com! 

For those of you not following the gyrations of Congress and the President's Administration, there is a lot of discussion on how best to stimulate the economy.  Though Hampton Roads was one of the few metropolitan regions which did not lose any jobs in 2008, we are still seeing troubling signs in the housing arena including increasing numbers of foreclosures and bank short sales. The Senate voted this week to include a 10% tax credit for anyone (not just first-timers) who purchases a home (up to $15,000).  The full article is here.  What good news that would be! 

So, to you folks out there who are considering a move-up, do you think this incentive would be enough to get you moving?  How about we throw in the lowest interest rates in decades, a huge number of homes to choose from, and seller contributions?  What do you think now?  I really want to know! 

Just thinking about buying or selling?  Check my website for information on home buying in Hampton Roads or other Real Estate information!

Here is one example that might work for Norfolk-living. It is a short sale, well below market value (average Sales Price in this area is $485,000). It is on the market for $399k!  If you would like information on this home, please call me.