The Peninsula real estate market for April 2014: Months supply of inventory is 5.9 months Median sold price has decreased 11.5% over the last 12 months to $156,750 Average market time is down just slightly to 93 days Percentage of sold price to list price is 97.07% Closed sales up 4%! Despite the declining sales price, more […]
A new legislation will allow Virginians to put aside $50,000 as a “first time homebuyer savings plan account” free of state taxes! This means great things for new homeowners starting July 1, 2014, allowing hopeful homebuyers to set aside money in investment accounts (including savings accounts, mutual funds, brokerage accounts, and more) to help cover […]
Three of Virginia’s cities ranked in the “Top 100 Best Places to Live” for 2014, according to Livability. Focusing on mid-sized cities, Livability and it’s partners examined over 1,700 cities across the US, ranking each in 8 categories (economic, heath care, housing, civic capital, education, amenities, demographics, and infrastructure) and combining the total scores. Newport […]
Do you have what it takes to price a home? Try your luck with Liz Moore and Associates’ “Can You Guess the List Price?” contest! To enter, go to www.lizmoore.com/guess, check out the featured home and submit your best pricing guess. Hampton Roads Real-e-statement is written by Alyssa Godwin, a Realtor with Liz Moore and Associates. […]
The Peninsula real estate market for March 2014 shows some interesting trends: Months supply of inventory is 6 months Median sold price has decreased 12.5% over the last 12 months to $152,500 Average market time is 101 days Percentage of sold price to list price is 96.98% Closed sales are also down 25.4% […]
It’s a common understanding that lower interest rates mean lower mortgage payments. As the economy continues to improve, interest rates will continue to increase. With current rates hovering around 4.25%, it’s likely that they’ll increase to above 5% by the end of 2014. The infographic below (presented by Zillow.com) shows how this impacts buyer mortgage […]
With low market inventory and an improving real estate market, buyers in Hampton Roads are finding multiple offer scenarios to be more and more common. Be prepared and ready for action in case you come across a multiple offer situation. Challenges to buyers in a multiple offer scenario Offering over list price – Many […]
Spring cleaning isn’t quite the ritual it once was, but there’s still a basic human need to open up and spruce up our homes when the weather gets warmer. To help you scratch your itch to spring clean, we’ve put together a spring cleaning list for those pieces and parts of your home that are most neglected throughout […]
The Department of Veterans Affairs (VA) has announced they have revised their loan limits for borrowers with no down payment and proper entitlement. According to the Department, “VA loan limits are based off median home values estimated by the Federal Housing Administration (FHA). These values are the basis for which VA calculates limits for our […]
Realtors provide expertise in constantly changing market conditions to help buyers make the right offer on the right property. When hiring a Realtor to assist in your real estate transaction, it’s important to note how you will be represented. Exclusive buyer agency: In this case, the buyer (or seller!) hires an agent to represent him/her exclusively. […]
Before a new home is listed, it’s important to make it market-ready. First impressions are important…both online and during showings. Here are some staging tips to make your home ‘pop’ and ensure positive reactions: Hampton Roads Real-e-statement is written by Alyssa Godwin, a Realtor with Liz Moore and Associates. For questions regarding staging contact Alyssa […]
Back by popular demand, here are some additional spring break activities for both kids and adults this year: Great Wolf Lodge Waterpark – Just a short drive to Williamsburg, VA this 84-degree indoor water park is massive facility that can help splash the day away. Water-packed excitement includes fun for all ages…from kiddie pools to jaw-dropping […]
Moving? Thinking of moving? Here are some thoughts to consider before and after changing addresses: Hampton Roads Real-e-statement is written by Alyssa Godwin, a Realtor with Liz Moore and Associates. For questions regarding buying or selling contact Alyssa at 757-329-6161 or alyssagodwin@lizmoore.com. You can also find Alyssa on Facebook or on the web at www.lizmoore.com/alyssagodwin.
Peninsula Market Watch for January 2014 – The market is continuing to improve and balance. But even better than that, Liz Moore and Associates has shown an even larger margin of market improvement here on the Peninsula! Hampton Roads Real-e-statement is written by Alyssa Godwin, a Realtor with Liz Moore and Associates. For questions regarding […]