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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Tags: Neighborhoods·Virginia Beach
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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Tags: Neighborhoods·Virginia Beach
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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Tags: Neighborhoods·Virginia Beach
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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Tags: Neighborhoods·Virginia Beach
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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Tags: Neighborhoods·Virginia Beach
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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Tags: Neighborhoods·Virginia Beach
This is a true story of couple who bought a home in 2008. They are fantastic people and we had loads of fun house hunting. Our adventures taught us some valuable lessons from which everyone can benefit.
The Jones (I changed their name) wanted to retire in a waterfront villa with a private yard. This sounded [...]
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Tags: Neighborhoods·Virginia Beach