Foreclosures And How They Affect You - Virginia Beach Neighborhoods

Do you think that foreclosures are to blame for the falling home prices? I don’t. I think falling home prices are partly to blame for the foreclosures. But we can debate that for the next ten years. The most important thing to consider is how do foreclosures affect your neighborhood.
First lets get a couple of [...]

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I get this question more than any other. “How long do homes stay on the market” or “How long will it take for my home to sell?” There is no textbook answer because every house is different. The market time for homes in Virginia Beach varies widely.
Here’s an example of a home that I sold [...]

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While there are many people who want to buy a home, it’s hard to borrow money right now! Let’s take the example of a $400,000 home in Virginia Beach. A couple of years ago, you could buy one with no money down. To avoid paying PMI (private mortgage insurance) which is required when you borrow [...]

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When will it get better?
Everyone wants an answer. Jim Cramer, the talk show host of Fast Money on CNBC, says June 30th will be the housing bottom. He worked at Goldman Sachs for years and appears to know what he is talking about. I am doubtful of this claim because everything that I see points [...]

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