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
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The Real Estate Group Blog

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.

 
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With a vigorous real estate sales market, far fewer properties are in foreclosure than during the “real estate bust” of ten years ago.  However, there are always situations that can render homeowners unable to service their mortgage debt.  When the property is occupied by tenants, there are practical and legal considerations regarding the impact of a foreclosure.

On May 24, 2018 the “Protecting Tenants at Foreclosure Act” (PTFA) of 2009 was revived as part of a larger piece of legislation (the Dodd-Frank Amendments) after expiring in 2014.  The Act is designed to provide a buffer for tenants who live in property, pay rent as promised, and through no fault of their own become impacted by the landlord’s inability to service the mortgage. 

Prior to

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Looking for the hottest rental listings in Hampton Roads? Look no further. Below you can browse our curated selection of rental listings to find the one that meets your specific needs!

Featured Rentals Page.

In search of Professsional Property Management Services? Visit  TREG's Property Management Services, to research, educate, and inquire. We look forward to speaking with you !

 

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In a perfect world, every homebuyer would get exactly the home they want, in the price range wanted, and it would even be eco-friendly. Sometimes, concessions have to be made. Luckily, being eco-friendly doesn’t have to be one of those concessions.

April will be New Homes Month, and the National Association of Home Builders (NAHB) has shown how new homes increasingly offer the energy-efficient features homebuyers seek. Surveys indicate that efficiency is among the most-wanted features of homebuyers and that builders are responding to this demand.

There is an impact on the environment for every little small thing that we do in our daily life. If we shift towards eco-friendly products, we can contribute to saving our environment. Switching to

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Real estate sales and single family rental markets tend to counterbalance each other.  When the sales market is “soft”, rental homes will usually be in higher demand and market times are shorter as a result.  Conversely, when the sales market is performing well, as it is at the moment, rental properties move more slowly.  Therefore landlords and property managers have to find ways to stimulate interest and be aggressive in their strategy to secure tenants quickly.  In a market like Hampton Roads, where average rent is $1400+ for a quality rental, buying becomes a viable alternative for well qualified prospects.

RENT REDUCTIONS - The low hanging fruit in any effort to get a tenant quickly is aggressive pricing.  Tenants are shopping to get the best

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Because you’re having a new home built for your family, you might think you don’t need to worry about having an inspection done when construction is finished. But now that your house is complete, it’s time for the final walkthrough with your builder.

This walkthrough isn’t meant to “nit-pick” your builder’s work. Instead, it’s a way to make sure your new home meets your expectations, specifications and passes all state safety and legal requirements, before you take possession of it. If it’s not, you can still raise an issue. If you use your final walkthrough to thoroughly inspect your future home, you might avoid costly repairs or extra work on your part further down the road.

Wendy Herndon, of Bradenton Patch, shared a list of the items you’ll want

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The transition from homeowner to landlord can be an arduous one.  Renting a home you purchased for yourself and your family to strangers often becomes an emotional roller coaster.  To compound matters, the process is frequently coupled with the need to secure replacement housing, as in the case of a military move.  Handing off the rental process to a professional to lessen the stress is one reason people hire a property manager.  Whether you do the same or go it alone, there are some fundamental things to understand when you become a landlord which may require a change in mindset.

  1. Do it right - Make sure your property is in good condition.  Perform any needed maintenance and ensure you’re putting your best foot forward with prospective tenants. 
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Dear Annie Agent,

My husband and I have been married for a few years and working hard to save for a home of our own. We’re at a place where we are starting to feel like we are ready to buy. How do you know when you are truly ready to buy and that it is the “right” time to do it? 

Signed,

Possible House Hunter

Dear Possible,

The truth is, you’re ready now. The process of buying a home isn’t always a neat, straight line of not owning to owning. There are steps you should take, and there is information you need to have, but you have already started the process by deciding that you want to own and setting some financial goals.

Your next step is going to be finding professional guides to help you navigate the purchasing process. You

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The coffeehouses of Norfolk should take heed: there’s another bean grinder in town.

Coaster Coffee opened last November, at 8418 Tidewater Drive, close to the Ocean View area. Nestled in across the street from Northside Park, it may end up being the perfect place for you and your children as summer winds down: after an afternoon on the playground or the skateboard park, the whole family can cool off and relax with a drink and a snack from Coaster Coffee. They offer special daily brews, featured teas and the barista’s drink of the week, which you can track on their Facebook page. For today, their special brews were Coaster Rican, Tanzanian Peaberry and Snickaroo. The featured tea was raspberry.

Their menu offers great artisan coffees, teas and

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Timely payment is the cornerstone of the landlord/tenant relationship. Both parties make certain promises and representations when a lease is signed, the most significant of which is the rent will be paid as promised and without demand. Some tenants feel landlords are relatively wealthy and a late payment here or there has little impact.

Nothing could be further from the truth, as most landlords have a single home they rent and commit to service the mortgage debt independent of the lease. When rent is late, the landlord has to suddenly make a sizeable payment unexpectedly, which usually has an immediate negative effect on their financial situation.

Most leases are constructed for rent to be due on the first calendar day of the month, with a typical

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