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Spotlight On The Larchmont Neighborhood In Norfolk!

Street Scene from Larchmont Nieghborhood in Norfolk
Larchmont Nieghborhood in Norfolk

Larchmont
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!

ClickSeeButton.pngBluestone 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!ForemanField01.jpg
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. LarchmontWater01.jpgBe 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!

ODU01.jpgAt 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!

Build Equity In Your Home Faster…

Title with "Build Home Equity Faster"
Build Home Equity Faster
eq•ui•ty
Function: noun
.
1 a : a right, claim, or interest existing or valid in
equity b : the money value of a property or of
an interest in a property in excess of claims
or liens against it c : a risk interest or ownership
right in property

Equity is the part of your property that you actually own. If you own property that’s worth $250,000, and you have a mortgage with a remaining loan balance of $100,000, your equity in the property is $150,000. Repeat home buyers usually rely to some extent on the equity in their current home to help buy their next home. The more equity you have, the larger the possible down payment for the trade- up home.

Home equity also equals security, especially at the beginning of a mortgage loan, so little of your payment goes to principal that equity builds slowly.

Home made of money with words Home Equity beside it
Home Equity

Naturally, building home equity comes at a price, usually in the form of larger payments. If building home equity means incurring debt to make ends meet, then you’ve defeated the purpose of building equity in the first place.

One way is to make additional principal payments. Additional principal payments make sense when you save more on your mortgage interest expense on an after-tax basis than you would earn on your investments on an after-tax basis.

If you are able to deduct your mortgage interest from your income taxes and your marginal federal income tax rate is 27 percent or higher, then your after-tax cost of mortgage debt is between 3 and 4 percent. For instance, if you earn 4 percent pretax on a five-year CD, and you’re in the 27-percent bracket for federal income taxes, the after-tax return is less than 3 percent.

Before you start making additional principal payments, use one of the many amortization calculators you can find on the internet to do the math – how much interest you would save if you made additional principal payments and how much it would shorten your loan and increase your home equity.

The other way to build home equity faster is to refinance. Recently, the reason most people have refinanced is to lock in a lower interest rate and/or lower their monthly payment. But you can also refinance to shorten the term of your mortgage, which builds equity.

If you had a $200,000 30-year ARM at 8.13 percent and replaced it with a 15-year fixed rate loan at 6.75 percent, your monthly payment would go from $1485.69 to $1769.82.

Most sellers use part of their equity to pay selling costs, such as brokerage commissions and transfer taxes. Also, if you are delinquent on your property taxes, or have other liens secured against the property, such as an IRS tax lien, these would have to be paid at closing.

Want to find out how much equity you have? Visit https://ercteam.exitcentralhr.com/sell/ and see!

Meet Karen Downs, Realtor®

Portrait of Karen Downs
Meet Karen Downs, Realtor®

Karen’s extensive knowledge and experience in residential real estate investing provides her a unique view of the Hampton Roads real estate market and market trends that she is able to share with her clients to help them make the best decisions for their needs and desires.  Karen’s unique ability to locate and negotiate true “deals” on the purchase of property also makes her well suited to find the best purchase values for owner –occupant buyers, as well.

Based in Norfolk, Karen is the expert to help you with all your primary home buying and selling, as well as the repeat buying and selling needs of today’s investors.  Karen, and her team of investor-experienced agents, work in all the Southside cities (Virginia Beach, Chesapeake, Norfolk, Portsmouth, & Suffolk) as well as on the Peninsula (Hampton, Newport News, Yorktown and Poquoson).

Specializing in finding rehab and cash-flow properties, Karen has the expertise necessary to assist her clients as they realize their real estate goals. Karen truly understands the dynamics of the Hampton Roads, Virginia real estate market and is an expert at educating her clients so they can make the best decisions for their needs.

Karen uses the latest internet technologies to market and find homes at an expert level.  She is so proficient at connecting her buyers with the opportunities they are seeking, the process of home buying seems effortless.

Karen earned a Master’s degree in Clinical Psychology from Marist College that provided the solid background on which her career is built.  Additionally,  Karen completed  advanced education is 13 areas of real estate investing and believes that education is paramount to success, She  has completed extensive training covering a variety of topics from marketing listings for quick sale to negotiating contracts and helping sellers in danger of foreclosure.

Karen is a member in good standing of the Hampton Roads Realtors Association, the Virginia Association of Realtors, and the National Association of Realtors in addition to the Multiple Listing Service.  Karen is a long-time member of the Ocean View Democratic and Social Club, a social organization located in her neighborhood area.  Most proudly, Karen is a Life Member of the Ladies’ Auxiliary to the Veterans of Foreign Wars where she served several years as Vice President, and served as President of the Military Order of the Cootie Auxiliary.

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Exit Realty Central

Karen helps the community by her lifetime commitment to the Veteran of Foreign Wars, and her fundraising efforts in support of Friends of Virginia Beach Animal Care and Adoption Center as well as the Ryan Academy in Norfolk.  She donates to Habitat for Humanity. To date, Exit Realty has donated over $2 million to the charity and built more than 15 Habitat Homes.

Having lived in many parts of the country such as Jacksonville, Florida, Birmingham, Alabama and Denver, Colorado, she has a strong ability to relate to and communicate with people from diverse backgrounds and understands the needs and concerns of clients who are relocating.

Karen is a warm and approachable person who communicates in a straight-forward, easy to understand manner. She always has the best interests of others at heart, be it her extended family, her clients, or any person or animal in need. She can’t wait to make your real estate dreams come true.

Call Karen and get started at 757-742-3374!

Meet Ruben Vera, Realtor®

Portrait of Ruben Vera
Meet Ruben Vera, Realtor®

Ruben Vera

If you want a studly Tom Cruise look-alike agent, while I’d like to think I come close, that’s not me. If you’re looking for a smooth talker who drives up in the latest model Benz, wearing a custom tailored Brioni suit and Testoni leather shoes… that’s not me either.  However, if you desire a real estate professional that genuinely cares about your needs and is known for hisexperience, honesty, and integrity – that’s me!

“Thousands of Realtors… only one Ruben.” 

I’m is committed to making your real estate experience top knotch; whether your are new to buying or quite seasoned.  Today’s challenging market requires your real estate professional to be savvy, strategic, and looking out for your best interest!!

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Exit Realty Central

The truth is, I love what I do!  I thoroughly enjoy helping my clients achieve their real estate goals.  Since first time homebuyers, distressed homeowners, luxury buyers/sellers, investors, and retail sellers all have different needs, I focus on every client with individual care and attention.  Allow me to combine my vast industry experience, professional & academic achievements, Internet savvy, and overall real estate know how, and put them all to work FOR YOU!

I find great fulfillment in serving my clients well.  However, my greatest joy comes from being with my beautiful wife & three amazing kids, great friends & relatives, and knowing a loving God.  Despite life’s unavoidable challenges and difficulties, I consider myself a blessed man.

PROFESSIONAL AFFILIATIONS

  • National Association of Realtors (NAR)
  • Virginia Association of Realtors (VAR)
  • Hampton Roads Realtors Association (HRRA)
  • Young Professionals Network (YPN)

TESTIMONIALS:

  • “We’re so glad we found you!  We will always remember you for one of the best days of our lives!  You made our family’s dream come true.  Thank you!” — Jamie & Kim Moreria (Virginia Beach, VA)
  • “Ruben kept fighting to make this sale happen even after the point most reasonable people would have given up out of sheer frustration.  The mortgage lenders clearly tried to make things difficult, but Ruben always maintained his professionalism, and found solutions when all hope seemed lost.  I would gladly recommend him to anyone needing to sell their home. —Patrick McReynolds (Scottsdale, AZ)
  • “Ruben was excellent in understanding and dealing with our lender issues.” —Stacin & Lorri Martin (Chesapeake, VA)
  • “In a vast sea of available Realtors, there is one real estate professional that has earned my personal trust, respect, and friendhsip… Ruben Vera.  He has my highest endorsement.” — Dr. Lynne Robbins (Williamsburg, VA)
  • “I was amazed when our house sold in one day; and for far more than we had anticipated!!  You’re the best!” — Joseph & Tiffany Schmidt (Winston-Salem, NC)
  • “We have done two transactions with Ruben so far, and have been thoroughly satisfied.  He is efficient, experienced, and repeatedly went the extra mile on our behalf.  He has definitely earned our future business.” — Jerry & Debbi Smith (Virginia Beach, VA)
  • “Ruben, you’re awesome!” — Darin & Lorene Wales (Virginia Beach, VA)
  • “Thanks a bunch, Ruben!  We sure appreciate your help!” — Kevin & Megan Becker(Chesapeake, VA)
  • “Ruben provided us with tons of information that we will be able to use in the future.” —Janice Crosby (Norfolk, VA)
  • “I want to thank Ruben again for doing what other agents could not.  We love our home and thanks to Ruben, the home buying process was nowhere near the nightmare I’d heard it was.  I was pleasant, fun, fast, and wonderful.  Thank you so much.” — Daniel & Jessica Gossett(Chesapeake, VA)
  • “How relieved I was to know that Ruben was handling everything in Norfolk while I resided in Ohio.  I appreciate the high caliber service.” — Dennis Voss (McClure, OH)
  • “Thanks for helping both us and my friends.  I told them you would be the man for the job!  You have such a great heart and commitment to excellence.” — Derrick & Kerri Frank(Bainbridge, PA)

Call Ruben to get started at 757-581-9058!

EXIT Sells Your Home

Home Seller Screen Form
EXIT Realty Sells Your Home Faster

EXIT Agents have a huge advantage in selling your house faster and for more money! Our site gathers tons of buyers from all over Coastal Virginia! This is great for you because we get more buyers which turns into more offers, which turns into better price, a faster sale and better terms and conditions for you! Our broker is generous and makes eListings available to us! It is an extremely effective marketing tool which generates beautiful social media friendly marketing pieces including downloadable fliers, virtual house tours, websites, digital magazines and QR codes! All the hard work of making it beautiful is done already. So your EXIT Realty Central REALTOR® spends most of their time looking for buyers for you!

Some real estate companies in Coastal Virginia offer to sell your house for a lower fee. And we totally understand the desire to pay less in fees. But would you rather pay less or end up with more money in your pocket? In today’s market, we are getting multiple offers, many of them are above asking price! Having a well trained REALTOR® is worth it in so many ways.

We do the traditional marketing that other agents do, because that is expected of us so often. But we recognized early on that the trend was shifting. The percentage of buyers going online to find their next home has been closing in on 100 percent for a while now. Most real estate companies are scrambling to get their properties onto the various real estate websites out there. We are already there of course. But we are head and shoulders above the rest thanks to our online marketing system!

Would you like to get information about your home? How much could you sell your home for? Could you rent it out AND buy a new one? Have the prices in your neighborhood skyrocketed or plummeted? We have the data! With just a little bit of information we can get that right to you! No obligation! We are happy to do it for you!

Get Information On Your Home

The Poplar Hall Neighborhood In Norfolk

Title Graphic: Poplar Hall Houses For Sale
Poplar Hall Houses For Sale

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.

See The Homes For Sale In This Neighborhood!

Meet Phyllis Willoughby, Realtor®

Portrait of Phyllis Willoughby
Meet Phyllis Willoughby, Realtor®

Thank you for visiting my site. I am privileged to have worked with many families both in my local market area and from around the world.  I am educated in real estate, specializing in diverse cultures and countries.  My experience has helped me satisfy the needs and goals of clients and customers around the world. 

I will provide a one-of-a-kind quality of personal service that you’ll want to recommend to all your friends and associates.

Credentials

  • CIPSCertified International Property Specialist (I was the first graduate in Hampton Roads to receive the CIPS designation, and the first African American Woman Nationally to receive it.)
  • CRB – Certified Residential Broker
  • CRS – Certified Residential Specialist
  • GRI – Graduate Realtor Institute
  • ABR – Accredited Buyer Representative
  • Associate Broker – William E Wood and Associates
  • NAR’s   “AT HOME WITH DIVERSITY: ONE AMERICA”
  • Approved REO Specialist

Background information

I first became a licensed Realtor in 1986 after attending Old Dominion University. I became a licensed Real Estate Broker in 1990. During my career I have sold and marketed hundreds of properties.

Because of my personal sales success and my communication skills, I am frequently requested to teach other Realtors how to effectively sell and market real estate Nationally and Internationally.       I am privileged to have addressed many Universities, High Schools and Non-profit Organizations regarding the buying and selling process.

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Exit Realty Central

Real estate is a personal service business. Don’t hire a company. Hire a person.       Expect knowledge and skill from the Realtor that you hire in the area of financing, contracts, negotiating and marketing. Select a Realtor with a track record of producing results. The right agent makes all the difference.

I specialize in International Real Estate, Cultural Diversity, Creative Financing, Property Management, VA and REO properties, Investments  Buyer Brokering, and I am a fierce negotiator.

Buying and selling a home should not be left to chance and it is not something that you let a “friend try”. Trust the buying or selling of your home only to a professional. Accept nothing less than excellence.

Whether you are looking to buy or sell a home, a homesite, or investment property, I promise results for you and communication along the way. Please let me know how I can assist you.

Call Phyllis to get started! 757-434-5812

The Most Important Strategy For Selling Your Home…

House with words setting the right price

When it is time to sell your home, you want to price it to yield as much return as possible. Pricing strategy is one of the most important elements in selling your home.
A market analysis of your home will help you determine value. This involves analyzing the current competition–other like properties currently on the market. I’ll look at properties that have already sold, to determine what people have been willing to pay for similar properties. I will also analyze properties that haven’t sold, some of which are overpriced.

The goal is to price the property accurately for the marketplace. You don’t want to leave money on the table, but you don’t want to overprice your home either. If you overprice the property, you risk having your home sit on the market. Then you may have to drop the price below what you could have received if it had been priced correctly to begin with. Upon seeing a home that is fairly priced, most motivated buyers offer full or almost full price.

When you are ready to sell, I’ll be happy to stop by for a quick view of your home. Together we will price it to sell for top dollar, in the shortest amount of time, with the least amount of inconvenience to you! Please call us at 757-466-1009 and let’s get started!

Meet Holly Elliot, REALTOR®

Portrait of Holly Elliot, Realtor®
Meet Holly Elliot, REALTOR®

I have been serving my Community in the Real Estate Industry since 2006. Born and raised in Virginia Beach, I am knowledgeable in all the Hampton Roads cities. In 2009 I was the direct assistant to my Broker, Kimberly Plourde, assisting her with listing foreclosure properties for Bank of America, Fannie Mae, Chase, Wells Fargo & more.

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EXIT Realty Central

I was in this role until July 2013 when I went on my own and began to work with Investors to buy & flip and buy & hold. These experiences have provided me with the tools & knowledge to continue my career in assisting 1st time home Buyers, move up Buyers, Investors, & Sellers with their real estate needs. I am passionate about real estate & can’t wait to get started helping you!

Call Holly To Get Started! 757-513-3195

Brock Thompson Helps Military Clients Achieve Their Goals Of Home Ownership

Portrait of Brock Thompson, Realtor®, Exit Realty Central
Brock Thompson, REALTOR®, EXIT Realty Central

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.

Another Satisfied Military Client with Brock Thompson
Another Satisfied Military Client with Brock Thompson

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.

Exit Realty Central
EXIT Realty Central

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 brockthompson10@gmail.com or by calling 757-615-6359.

Story Credit goes to The Virginian Pilot Jul 2, 2016