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Chesapeake Real Estate

There are currently 6 blog entries related to this category.

(Virginia Beach, Virginia – November 2019) Real Estate Information Network Inc. (REIN), the regional Multiple Listing Service, reports a rise in the region’s residential home price in October 2019. The median sales price was $240,000, up 2.13% from October 2018. Residential settled sales for the region are also up, rising a substantial 14.81% year-over-year with 2,652 closed units.
The number of homes that went under contract in October rose significantly. The region’s residential pending sales saw 2,677 homes go under contract in October 2019, an increase of 21.52% from October 2018.
“Consumer confidence in homeownership continues to be strong, as demonstrated by an increase in residential sales of over 20%,” said Barbara Wolcott, REIN’s President.

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When considering buying vs renting a home, it is important to recognize that each case is different. You should seek personal professional financial advice for your specific situation. That said, there are several reasons that both from a financial and lifestyle point of view, owning might make more sense.  Below are a few of the top reasons people buy instead of rent.

  • You can take advantage of mortgage rates are at historically low levels. This means that the monthly cost to buy a home vs the cost of renting the same home make ownership much more attractive. Additionally, mortgage payments lock in at a fixed level where rental payments can rise (often as each lease or rental agreement is signed). Since the mortgage payment is the bulk of the
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Quick and Low Cost Home Staging

At The Real Estate Group, we have hundreds and hundreds of homes listed at any given time. This means that we see the best home staging "quick fixes" and how well they work to help homes sell. Are you ready for some low cost staging tips that will boost the attractiveness and salability of your home? Here are some of the favorite best practices. Enjoy!

Quick Staging Tip 1: De-personalize your space  - Walk through your home and look for any thing that would give away who you are, your age, or anything about you. Your personal preferences and styles may have a surprisingly dramatic impact on the number of people who are excited to buy your home. A quick coat of paint in a room or otherwise "neutralizing" the space

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Article courtesy of Veterans United Home Loans and Samantha Reeves. Infographic below courtesy of Veterans United Home Loans.

Every day, U.S. military members around the world defend freedoms we often take for granted. But when their time serving our country comes to an end, these freedoms can become their greatest challenge.

Finding employment and a place to call home is no easy task for the thousands of veterans who transition back into civilian life each year. That’s why Veterans United Home Loans, the nation’s leading VA purchase lender, decided to create a list of veteran-friendly cities to help these individuals narrow down their house-hunting search. Because when it comes to finding a job and a place to live, some cities may provide a better

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Summit Construction is a leading Hampton Roads new and custom homes builder that have constructed over 3,000 homes in the last 25 years.  They are currently building new  and custom homes in the following find neighborhoods: Crystal Lake South, Edinburgh Meadows, Albermarle River Estates, Old Towne Terrace and Chapel Hill Estates in the City of Chesapeake.

You can read a little bit about these great Chesapeake communities below.  For more specific information regarding lots, availability, Custom amenities, price, etc. click on the links to be taken to Summit Construction's community pages.  We all know that photos and videos are worth 1,000 words! To take a virtual tour of any of their model homes, click here.

Crystal Lake South in Chesapeake,

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Thank you Mike NIshnick for grabbing this video! Amazing light display in Deep Creek Old Mill Run neighborhood.  

So do you have a neighbor with amazing light displays here in Hampton Roads?  We would love for you to share them with us!  

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