Real Estate Group Blog for Hampton Roads, Williamsburg & N. Carolina - Blog Archive: March, 2017

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

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March 2017

There are 8 blog entries for March 2017.

Hiring a property manager to oversee your real estate investments is a big decision.  It can be difficult to relinquish direct involvement, particularly if you’re offering to rent a property that has been your personal home. 

First and foremost, understand you’re going into business.  Therefore, it’s important to divorce yourself emotionally from the property.  As a landlord, you are providing a dwelling to a tenant in exchange for rent.  Like all businesses, there will be both profit and loss.

Property management companies come in all shapes and sizes from small, “mom and pop,” operations with limited resources, to very large firms with substantial investments in staffing, facilities, and technology.  Finding a good balance of cost versus

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You know spring is finally here when Tidewater Builders Association hosts the Mid-Atlantic Home & Outdoor Living (MAHOL) Show. The show will be March 31-April 2, 2017 at the Virginia Beach Convention Center. If you need some help getting your home or yard whipped into shape for warmer weather activities, or you’re looking for some new decoration options, this show has options for everyone.

For 32 years the MAHOL Show has paved the way in bringing the latest in style, technology and decor to refresh and renew your home and garden. Connect with over 150 local professionals and exhibitors ready to assist with building or renovating the indoor or outdoor space!

Established in 1985, the MAHOL Show is the largest show of its kind in the region, attracting

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If you're renting, you should have an insurance policy to cover your belongings.

Your landlord's insurance policy covers losses to the premises, structure and the landlord’s personal property. Your personal property and certain liabilities, however, are covered only by a renter's insurance policy that you, as a tenant, would have to secure. While 95 percent of homeowners have a homeowner's insurance policy, only 37 percent of renters have renter's insurance, according to a 2014 Insurance Information Institute poll.

Why do so few renters have insurance? One theory is that many people incorrectly assume they are covered by the landlord's policy.

Another reason is that people underestimate the value of their belongings. If you add up the value of

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Marki Lemons-Ryhal, a nationally known Social Media Speaker and Facebook Live Host, spoke at the TREG agents' business meeting on Wednesday, March 15, 2017, at Springhill Suites in Norfolk, VA. Her topic was Facebook Live for REALTORS®, but her advice can be used by anyone looking to refine their brand and further their social media reach.

Live lets people, public figures and pages share live video with their followers and friends on Facebook. People spend more than three times more time watching a Facebook Live video, on average, compared to a video that is no longer live.

Lemons-Ryhal said by getting involved with an online audience through Facebook Live, “You’re broadcasting to the largest audience in the world with the camera in your pocket.

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That term usually refers to a new car, not a new home. But, the impact of the “new car smell” can easily be transferred, at least in thought, to what it feels like to be the proud owner of a new home.

When you drive that new car off the lot, the thoughts that run through your head are the same ones that fill your brain when the agent hands you the keys to your newly built home:

  • I can’t wait to show all my friends and family. I will invite everyone to see it!
  • I will take hundreds, no thousands, of pictures to post on social media: Facebook, Snapchat, Instagram, etc. The whole world will know about my new home.
  • I want it to keep that “new” smell as long as possible.

You have good credit and saved money for a down payment, earned it

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If you’re getting ready to move from an apartment to a new home, there might be some aspects of home maintenance that you haven’t thought about yet.

One of the perks of moving from an apartment might be leaving the communal laundry room behind and having your own washer and dryer.

Even though having your own washer and dryer is super convenient and means you don’t need to keep a stash of quarters for laundry, having your own laundry space does come with some work. Are you ready for it?

If left unattended, a burst washing machine hose can drain gallons and gallons of water an hour. Not only will you have a larger water bill, but you’ll also have a mess to clean up and possibly water damage to your surrounding area.

Likewise, a dryer can

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More people are choosing to rent now than ever before, which means there is a larger pool of potential renters for investment properties.  With increasing numbers of applicants, identifying the best-qualified tenants becomes more complicated.  Finding well-qualified tenants requires a thorough screening and selection process and an understanding of how to weigh the potential risks it might reveal.  It is also critically important to be knowledgeable on federal and state fair housing laws.  Rental transactions account for more than 70% of all alleged fair housing violations on average.

Any landlord who has had a bad rental experience can attest to the importance of screening as the first step in avoiding negative outcomes.  Good tenants are

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You’ve made the decision it’s time to sell your home. If you think you’re ready to sell now, there are some tips you should consider following before your listing agent puts your home on the market and schedules that first open house. In the long run, these tips should help you get top dollar when your home sells, as well as save you some time when you’re ready to move out of it and into your new home.

Clean out your closets and clear off countertops.

Storage is something every buyer is looking for and can never have enough. Take half the stuff out of your closets then neatly organize what’s left in there. Buyers will want to know how big your closets are, so be sure to keep all your closets and cabinets clean and tidy. This makes those spaces

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