Real Estate Group Blog for Hampton Roads, Williamsburg & N. Carolina

Real Estate Group Blog for Hampton Roads, Williamsburg & N. Carolina. Keep up on all the latest happenings and local market information.

Real Estate Group Blog for Hampton Roads, Williamsburg & N. Carolina Close
Page Summary

to Save Searches, Listings & receive free updates via email. Already a Member?

The Real Estate Group Blog

Most residential leases are negotiated for one year. There is no maximum, however, so leases can be for longer, by agreement. From time to time, circumstances change, which can alter a tenant’s ability or willingness to complete the full term of the lease. When that happens, there are usually some options available. Today, we’re focusing on ways to end a lease before the expiration of the agreed term.

The most important element in any lease-ending situation is communication. All parties have responsibilities and obligations under the contract. Open, honest communication generally makes everyone more willing to work toward a common solution and ultimately minimize liability and damages for everyone. If a tenant needs to explore the possibility of

70 Views, 0 Comments.

Looking for the latest luxury home listings in Virginia Beach? Look no further. Here are the latest luxury listings in the Virginia Beach real estate market. There are some amazing homes here. If you would like to see any of these homes, please contact us via the website or get in touch with one of our professional and helpful associates. They will be happy to arrange showings for you.

1,909 Views, 0 Comments.

When you have to decide between buying an existing home or having one built for you, especially if they’re both feasible options, Bethany Lyttle, a real estate columnist for the New York Times, might have the best thought.

“Picking out a new house can be exciting and terrifying at the same time. How do you choose the best location? What if the house has problems you can't afford to fix? What’s the tiebreaker if you love two places equally?” she asked.

Lyttle goes on to explain the first and only way to begin the decision-making process is with a calculator, because a dream home becomes a nightmare the moment you can't afford it. Buying a house with everything you’ve ever wanted will cost you more outright, than taking the time to make those

86 Views, 0 Comments.

Last week, we talked about preparing for a hurricane. But a question remains: if a storm approaches and you’re not evacuating from the area, do you shelter in place in your home or go to an emergency shelter?

Hurricanes can cause loss of life and catastrophic damage to property along coastlines and can extend several hundred miles inland. Damages can vary according to the size and wind intensity of a storm, as well as with the path it takes, the amount and duration of rainfall, the terrain, soil conditions, and the number and type of buildings in the area.

One way to decide to stay or go is to think about where you live. Your risk from hurricanes is based on where you live, the structure of your home and your personal circumstances. People who

83 Views, 0 Comments.

The Real Estate Group is proud to be the "Hampton Roads Original" serving the entire region including Northeast North Carolina.  Check out our Newest Listings and you may just find the perfect home for you and your family.  If you would like to see any of these homes, please contact us via the website or get in touch with one of our professional and helpful associates. They will be happy to arrange showings for you.

 
2,121 Views, 0 Comments.

The Atlantic hurricane season is June 1-November 30. The time to start planning for a possible storm is now. If you wait until a hurricane is coming, you might only have a day or two to get ready. Many disasters allow no time for people to gather even the most necessities, which is why planning is essential.

Have emergency supplies in place at home, at work and in the car.

A basic emergency supply kit could include the following recommended items:

  • Water: 1 gallon of water per person per day, for at least 3 days, for drinking and sanitation
  • Food: at least a 3-day supply of non-perishable food, per person
  • Battery-powered or hand crank radio
  • NOAA Weather Radio with tone alert and extra batteries for both
  • Flashlight and extra
112 Views, 0 Comments.

Every state has laws that apply to rental property. Some states' rental laws are relatively basic, and other states are quite comprehensive. These laws regulate the landlord and tenant relationship in a way that structures the conduct of each party to a lease.

The bulk of law affecting Virginia rentals is in Title 55 of the Code of Virginia (Property and Conveyances), which contains the Landlord and Tenant law (VLTA), as well as the Virginia Residential Landlord and Tenant Act (VRLTA). For purposes of this post, we’re focusing on VRLTA, as it’s targeted more directly at residential rentals, whereas VLTA is more general in nature and differs in ways that can be significant for residential landlords.

A working knowledge of VRLTA is valuable for anyone

134 Views, 0 Comments.

We want to send a very special, “Thank You,” to everyone who joined us at our School Supply Drive and Teacher Appreciation Night at Harbor Park on Saturday, June 3. The agents of The Real Estate Group, their clients, family, and friends, as well as our sponsor, Southern Bank, all rallied together to help make a difference for many Hampton Roads children.

By joining us for a fun night of baseball and donating school supplies, we were able to make a large contribution to our wonderful beneficiary program, Project Hope, a fantastic year-round organization. This year, TREG collected more than 22 boxes of school supplies, which surpassed last year’s contribution. We have posted pictures of the drive and the game on our Facebook page.

The supplies

131 Views, 0 Comments.

If you’re new to Norfolk, or to the Ocean View area, and you’re looking for something to do this summer, free concerts on the Chesapeake Bay will soon start.

Ocean View Beach Park is located at the end of Granby Street at Ocean View Avenue in Norfolk. The 6.5-acre beach park is considered the jewel of Ocean View. It has a large band shell for presentations and dancing, a beach with lifeguards in the summer, a boardwalk, beach handicap access ramp, and lots of open green spaces. Parking is available on-site and across the street. And when the concerts are over, there are some nearby restaurants to check out.

Between June 30-August 25, families can enjoy live performances from local and regional bands every Friday night, at the TGOV Beach Music

200 Views, 0 Comments.

For most landlords, there are two primary reasons for investing in rental properties:

1)            Real estate is a relatively stable investment that tends to appreciate over time.

2)            The tax advantages of owning rental properties can have a substantial impact on tax liability.

Today, we’re focusing on the deductibility of certain expenses and providing links to IRS resources for potential investors who want to do more research. For more detailed information, IRS Publication 527 addresses rental property and federal taxes.

Mortgage Interest

The deduction for interest on loans obtained to purchase a rental property is usually the largest single write-off for landlords. Loans for buying or improving rental property qualify, as do

244 Views, 0 Comments.