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.
is a extra beautiful neighborhood which is very ODU-centric. The neighborhood starts on the North side of Old Dominion University and continues North between the Lafayette River and Hampton Blvd. The north end is capped by a body of water called Edgewater Haven which flows into the Lafayette River. Your fastest access to the interstate will be up Hampton Blvd to Terminal Blvd (turn right) which will take you to Interstate 564. About a city block away is Interstate 64 which leads North to Hampton or South to Chesapeake. If you are looking for a nice place to pull your boat up to, you are in luck! There are plenty of homes here on navigable water with a dock!
Bluestone Playground is on the South end. It’s a nice playground right next to Foreman Field. There’s plenty of room for running.
Slightly North of there is the imaginatively named Brick Field. It is a field surrounded by brick. There’s not much more there and it’s good for Frisbee throwing and similar activities. Further North is Virginia Park. It is wooded and has a bench and tended grass. Far to the North is Myrtle Park. Myrtle park has a nice small track to walk around. The track has a nice bridge over the South end of Edgewater Haven. So it has an excellent, relaxing beautiful view!
You’re in luck for dining! D’Egg is a treat! They serve excellent breakfast dishes from morning time to early afternoon. And nearby is Taste @ Norfolk, a chain cafe featuring gourmet sandwiches and salads. ODU, of course, attracts a bunch of businesses that you will be quite close to. There is Subway, Miller’s Neighborhood Market, which sells gas too, Gray’s Pharmacy, Del Vecchios Pizza, No. 7 Chinese Fast Food, Taco Bell, Duncan Donuts, and CVS. Be sure to check out Westside Produce and Provisions on Colley Ave. There are usually several food establishments on Colley that tend to change hands over time, so look to see what is there. And as usual, there are at least 3 or 4 7-Elevens nearby.
Tidewater Gymnastics Academy is across Hampton Blvd and will provide your kids with various health-activity instruction. A little bit South of there is CrossFit 757 which is obviously a crossfit gym.
Schools serving this neighborhood are Larchmont Elementary School, Blair Middle School and Maury High School!
At the time of this article, the median home in Larchmont is around $430,000, with the low end coming in around $170,000 and the high end coming in at around $1,450,000. That’s typical Norfolk with a wide variety of values. Average days on market for homes here in the last year was 70 which is healthy. Homes here wound up selling for 97% of the listing price, which is typical. Currently, there’s actually a home here for sale that was built in 1783. There are also several new construction homes available. A huge variety in year-built is another typical aspect of Norfolk neighborhoods.
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 price and terms! If you would like more information, please fill out the form on the right and let’s get started!
Spacious traditional home with sunroom, deck, and dock all ready for waterfront enjoyment in all seasons. Home is move-in ready with opportunity for personal updates over time. Insulated siding, 2-zone HVAC and natural gas heat supplement when temps dip below 40degrees are definite pluses for energy efficiency and comfort. Two attic spaces with attic fans and extra space in garage add to the storage possibilities. All landscaping is bird-friendly. Easy access to shopping and highways/interstate.
This Coastal Charmer is one of a kind. Sitting on the Lafayette River with views from every level. Great for the boater, kayaker or nature lover. Third floor is currently used as Media Room, could be 5th bedroom or party room. First floor bedroom with bath could be used as in-law suite or office. Many recent improvements, vinyl exterior, deck & porch, master bath, several windows, hot water heater, kitchen cabinet doors and new granite.Detached workshop with electricity. Hardwood floors in both halls, foyer kitchen, dining & living areas. Riverview is a community minded neighborhood within walking distance of restaurants, retail and parks. Spend the holidays in this awesome home and community.