Real Estate Group Blog for Hampton Roads, Williamsburg & N. Carolina - Blog Archive: January, 2018

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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January 2018

There are 8 blog entries for January 2018.

Your home’s market value is something you should think about with every project, not just when you’re getting ready to put your house back on the market.

Property value can increase over time. As economist Darrell Francis said, “Supply and demand is the most basic reason for this. As population and wealth increases, the demand for land increases.”

If you’ve seen an increase in your property value on a recent city assessment, but you don’t know why look around your community. Have there been any houses that have recently sold? Are the residents making noticeable improvements in their homes? Are any new homes being built?

However, property value and market value are two different things. SFGate.com defines property value as an estimate of what

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If you’re an antique collector here in Hampton Roads, chances are you’ve visited, if not purchased something, at Barrett Street Antique Mall in Virginia Beach. Even though the New Year’s mantra tends to be, “Out with the old and in with the new,” Barrett Street’s inventory turns the old into the new “new.”

Located at 2645 Dean Drive, just a stone’s throw from I-264 and Lynnhaven Parkway, Barrett Street’s mall is 28,000 square feet of indoor antiquing paradise with more than 120 dealers, plus the outside lot with garden, patio and outdoor decorations. Indoors, you’ll find:

  • An in-house jeweler and clock store, both offering sales and repair services;
  • Booths of American Oak, Victorian, mahogany, walnut, Art Deco, antique, and household
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Mold has been around for a long time. How long? About 1.5 billion years. It may seem strange it’s recently become such an important issue in rental housing.

Mention mold to any conscientious property manager, and you’ll have their undivided attention.  With modern construction techniques rendering newer homes virtually airtight, any contamination of the indoor environment can have health consequences for the occupants.

Mold is a fungus and there are thousands of species.  While most strains of mold are relatively benign, some can be toxic. It is always best to err on the side of caution when there is evidence of mold in a rental property.

What is mold and why is it a problem?

Mold spores are everywhere, both indoors and outdoors. There are

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We’ve highlighted points in a previous post about choosing the neighborhood that’s right for your new home. Today, we’re going to talk about some community features to consider as well, before ground is even broken on your new home.

Sally Forster Jones of U.S. News Real Estate, said, “It’s helpful to begin your search with at least a general sense of your values, needs and priorities. Are you looking for something urban, suburban or more off the beaten path? Do you value privacy and quiet over being in the center of all the action, or vice versa?”

It may be worthwhile to make an actual list of this information because it’ll be necessary to share with your real estate agent. In getting started, Jones advised, “Take time to explore each

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When it comes to buying a home, your skills with a calculator need to be on point. You don’t want any unexpected expenses tacked onto the cost of your new home. One aspect of home buying to understand ahead of time is closing costs, which can be thousands of dollars.

Closing costs are fees paid at the closing of a real estate transaction. “Closing costs are incurred by either the buyer or seller,”Zillow explained. “Closing costs vary widely based on where you live, the property you buy, and the type of loan you choose.”

For a more extensive list of fees to expect at the closing of your new home, be sure to check Zillow’s list.

This fee is charged by those involved with the sale: your lender for processing the loan, the title company for

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Katie Lance, a nationally renowned speaker, gave her #GetSocialSmart presentation to the TREG agents yesterday at The Westin in Virginia Beach, at the monthly business meeting. Her topic was helping agents to hone their social media marketing skills, but her advice is valuable to anyone looking to refine their brand and further their social media reach.

“I love this industry [real estate]. It’s a people business. But as much as I love social media, it will never replace this, the face-to-face interaction,” Lance said.

One phrase she mentioned a few times was to take the online, offline. Her comparison to this was wishing Happy Birthday on a Facebook page. There might be 50 people who do that, but only 1 or 2 people might take the time to send a

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One of the most important aspects of purchasing a newly constructed home is choosing the neighborhood. If you’re looking to up-size from your current home to a larger home, Suffolk is a place you should consider. You'll enjoy the small town, country charm, paired with big city amenities and activities, and you'll understand why, "It's a good time to be in Suffolk!"

If you’re wondering what makes Suffolk special, it’s a great place for military retirees to start their second career, because it’s home to major tech industry players including Lockheed Martin, Raytheon and the Virginia Modeling, Analysis and Simulation Center.

According to Livability.com, "The median income in Suffolk, VA is $65,499 and the median home value is $235,300, which

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The start of each New Year is when a lot of people make resolutions to change their lives. Sometimes, their resolutions are manageable. Sometimes, they can be too much. How do you know if you should keep making them or ditch the idea completely? It’s reported 41 percent of Americans make resolutions every year. Of those people, only nine percent of them report feeling successful in achieving their goals.

Did you make any resolutions? If so, how big are they and how many did you make? If you want to make your New Year’s changes manageable, they have to be easy.

To help you come up with some resolutions and how to achieve them, we’re sharing a few of the top 50 resolutions, as listed by 123NewYear.com.

Accomplish the incomplete: If you still

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