The time has come and you are ready to buy, but before you start searching for your next home review this checklist. This list helps you prepare your budget in advance and guide you to financial success in the future.
1. Reduce Debt & Increase Credit Score: Before you start looking for your next home you should request a credit report. This will give you a starting point on understanding your credit score before you request a loan. Your credit score will influence the interest rate of your loan.
2. Save Money to Set Yourself Up with a Large Down Payment: While it is possible to purchase a home without a 20% down payment it’s best to get as close as possible. This will allow you to have a smaller mortgage rate, Avoid PMI, and receive a better rate. If you do not have a 20% down payment you may qualify for a VA or FHA loan.
As you begin the process to find your next home checking these items off your list will provide you with a more successful home buying experience. Our team is here to help you! Let us know the area and/or neighborhood you are looking to live along with your top needs our team of professionals will assist with finding your next home.
One of the greatest joys in a real estate agent’s career is helping our servicemen and women with the purchases and sales of their homes. It’s an honor to serve those who serve our country.
However, this niche does have unique challenges. Many times our military families are asked to purchase a home in an area that they have never visited or know very little about. Often, they are not given a lot of time before they are asked to move to their next assignment.
Because military members often are being transferred from across the country, they usually don’t have the luxury of seeing houses and viewing properties on nights and weekends. Agents must work very hard to communicate with their out-of-town clients via phone calls, email, text, FaceTime and Skype to pinpoint what each buyer is looking for and to provide a long list of potential homes for them to narrow.
One can spend hours previewing homes for his or her clients and then provide them with extra pictures/videos of the properties in which they are interested. This helps the buyers get a better feel of the home than that provided by a general MLS listing. That way, if and when one’s clients are able to fly out to view properties, they can focus on a much more consolidated list of homes that meet the established criteria. The buyers can make their buying decisions with the peace of mind that they are seeing exactly what they want — not wasting time on houses that look good on paper but not in person.
After a long-distance client has decided on a home and a contract is accepted (usually after they’ve headed back to pack up their current house), it’s the agent’s job to coordinate all the details of the home-buying process. This includes home inspections, repairs before closing and any details that may be more difficult to take care of when one lives 3,000 miles away.
The same care and concern goes for listing a home for our country’s military families.
When the orders come for them to head to their next assignment, we as agents must act quickly to make sure that we get them in the best possible position to sell their home fast and efficiently for a fair market price.
Again, good communication is the key because they may not be here while the house is on the market. Good agents will coordinate and be present at any and all inspections and repair work that needs to be done, see that the landscaping is cared for, and generally attend to the needs of the property in the military member’s absence.
REALTORS® are often the first point of contact for many of our military members when they get stationed here. As REALTORS®, being a local expert is a huge help to those who are coming from out of the area.
Agents for military families do it all from the start to finish, taking care of the details and allowing our servicemen and women to focus on their jobs. This is one small way we can say “thank you” to the brave members of the United States armed forces.
Brock Thompson is a Realtor with EXIT Realty Central in Norfolk and a member of the Hampton Roads REALTORS® Association, the Virginia Association of REALTORS® and National Association of REALTORS®. He has won Top Producer and Agent of the Month awards in his office. REALTORS® are real estate agents who adhere to a strict code of ethics and work to protect and preserve private property rights; Contact Thompson via www.brockthompsonrealestate.com, by email at email@example.com or by calling 757-615-6359.
Story Credit goes to The Virginian Pilot Jul 2, 2016
The name “EXIT” is branding genius. Millions and millions of EXIT signs across North America point to the way. You see EXIT everywhere you go. Think about it…
• EXIT is the most advertised name in the world.
• EXIT signs are always strategically located.
• EXIT signs must be illuminated by law.
• EXIT signs are paid for with other people’s money!
• The word EXIT suggests “safe passage”.
• The Seller is making an “EXIT”.
• Everyone is looking for an EXIT strategy!
• EXIT has a tremendous subliminal effect.
• EXIT is memorable with four letters and two syllables – the real purpose of advertising.
EXIT is illuminated above every corporate door in North America!
Poplar Hall is a very nice neighborhood close to Interstate 64 and Interstate 264. (The Interchange) It’s bounded on the west by Broad Creek and the east by Military Hwy. It has access to Virginia Beach Blvd and is fenced in on the south by Interstate 264 and a branch of Broad Creek. Exits from the neighborhood are on Military Hwy and Virginia Beach Blvd. There is also a little known bridge across Interstate 264 to the south! Commuting is simple with such easy access to 2 interstates and Military Hwy.
The median home in Poplar Hall is $175,000 with the low end coming in at $111,000 and the high end coming in at $375,000. (2015-2016) Average days on market for listings at the time of this article was 51 days which is healthy. A lot of homes here were built right before 1960. So this is definitely an established neighborhood. There are a number of newer homes down by the water. And as always, in Coastal Virginia, houses are being torn down to build new ones.
Large home with lots of usage possibilities. Large open living, kitchen, and dining area on the first floor. Full bedroom and bath on the first floor and four bedrooms upstairs, all with access to full bathrooms. 2 with en-suite bathrooms and two that share a Jack and Jill full bath. Good sized closets throughout. Large living room, kitchen with lots of cabinets and counter space and separate dining area. Plenty of room to spread out.
Willoughby is a extremely cool neighborhood! It’s West of Ocean View, South of the Chesapeake Bay, East of the Hampton Roads Bay Bridge Tunnel and more Chesapeake Bay, and North of Willoughby Bay and Naval Station Norfolk. Those are some basics. Willoughby is a very striking land feature because it’s a spit! It is a mass of land that juts out over the water and is surrounded on three sides by Chesapeake Bay. Beaches surround this area. If you want your own beach, this is one of the ways you can get it in Coastal Virginia. Shifting sans are continually adding land to the spit in a westward direction. Norfolk created breakwaters and sand replenishment to prevent erosion of the North side beaches. Interstate access is as simple as driving out of the neighborhood. Interstate 64 runs right through Willoughby.
The main attraction of Willoughby is obviously the beaches and the water. While you definitely have plenty of that to enjoy, you have several public parks you can enjoy! There’s Captains Quarters Nature Center and Park, Sarah Constant Beach Park, the interestingly named Monkey Bottom Park, Community Beach Park and Ocean View Golf Course!
Willoughby Inn Seafood Restaurant is near the tip of the spit and has been there for many years. Most of the locals like it. South of the Interstate is Sunset Grill. This one is highly rated and specializes in seafood. The Ocean View Fishing Pier has it’s own restaurant, and as you can imagine, fishing. Greenies is a legendary Willoughby favorite. And the Thirsty Camel has been around for a long time. There are not too many businesses to ruin the quiet Willoughby feeling. But no neighborhood is complete without 2 7-Elevens. A lot of your shopping will be done further south in Ocean View.
If you have a boat, you’re in luck! there are a bunch of boat slips to the south protected from the bay weather. If you need information for the boat slips, contact me and I will put you in touch with the management.
Ocean View Beach Park is great every day and often they have festivals there with bands and entertainment. The backdrop is for events here is the beautiful Atlantic Ocean!
Schools for Willoughby are ocean View Elementary, Northside Middle School and Granby High School!
Just a heads up for you. Don’t call the area Ocean View in front of any of the home-owners here. They will be offended.
Here are the stats for the neighborhood at the time of this article. The median home for sale in the Willoughby area is $236,800. Like a lot of Norfolk, the prices are varied. The bottom end comes in at $49,000 and the high end is $1,599.000. Average days to sell the home were 77, so not bad at all. the oldest house for sale was built in 1910 and the newest was this year! Again, a varied supply of houses here. We can get you some more relevant data if you like. Just please let us know!
I would love to show you more about this neighborhood! I can get you in to see any of the homes for sale here. I can call the listing agent and schedule a showing for you. And I can help you negotiate your pricing and terms! If you would like more information, please fill out the form on the right and let’s get started!