Virginia Beach Real Estate Assessment - Virginia Beach Neighborhoods

Is my Virginia Beach real estate assessment the same thing as market value?
The short answer is “no.” But it should be in the ball park. The City of Virginia Beach Real Estate Assessors Office does its best to assign a value to every property for tax purposes.

The current tax rate is $0.89 for every $100 [...]

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If you ask ten people their favorite neighborhood in Virginia Beach, you’ll likely get ten different answers. Most people think their neighborhood is the best. If the house next door is for sale and they like you, they’ll try to get you to move into it. “This is the best neighborhood in Virginia Beach!” they’ll [...]

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Most people assume that the listed price is negotiable when a home is for sale. But how negotiable? Will a buyer accept an offer $20,000 below asking price? How about $30,000? Here’s the answer!

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There is a trick to selling your home quickly in today’s market. Present your home in its best light and price it very close to where it is most likely to sell. Your home will stand out because it shows nicely and is priced fairly. This brings lots potential buyers and multiple offers very close [...]

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John and Jane bought their home in 2006 for $400,000 with a 20% down payment ($80,000). Today, the market value of their home is about $300,000 and there is a 10 months supply of homes on the market in their neighborhood. They have $5,000 is savings and John expects to lose his job in the [...]

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The problem with recoveries is that we don’t usually recognize them until they have already happened. Is the housing market recovering right now? The stock market is certainly having a great rally and pending home sales seem to be on the rise in Virginia Beach this month. But one month of improving data hardly defines [...]

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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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Studies have shown that a person’s happiness has more to do with the length of his/her commute to work than with the size and quality of his/her home. I tend to agree. The happiest I have ever been with my home was when I lived on Atsugi base in Japan, a five minute walk to [...]

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