Virginia Beach Virginia Real Estate News & Listings Presented By Top RE/MAX Real Estate Pros

4620 Lee Avenue, Virginia Beach, VA 23455

Tue, 09 Mar 2010 19:14:27 GMT

FANTASTIC CONDO W/ NO CONDO FEE!!! BUILT IN 2002 FEATURING VAULTED CEILINGS, BIG WINDOWS WITH HALF-MOON ACCENT WINDOWS LETTING IN MORE NATURAL LIGHT! BUILT-IN WIRING FOR SURROUND SOUND! MASTER STE W/ TREY CEILINGS, WALK-IN CLOSET, JETTED TUB & SEPERATE SHOWER. DECK...ALL MOMENTS FROM PRIVATE BEACH!

Lakefront home in Courthouse Woods!

Thu, 25 Feb 2010 20:17:57 GMT

FANTASTIC LAKEFRONT HOME HAS IT ALL!!!! GREAT SPACIOUS FLOOR PLAN, EAT-IN FAMILY KITCHEN, GAS FIREPLACE, MASTER SUITE WITH JETTED TUB AND SEPERATE SHOWER. FENCED-IN BACKYARD WITH DECK AND MUCH MUCH MORE!

VIRTUAL TOUR: http://www.thelistingwidget.com/view.cfm?tourID=4363

CALL JUDY REED FOR YOUR PERSONAL SHOWING! 757-287-2717

Pricing Your Home

Mon, 22 Feb 2010 14:23:00 GMT

Family Home in Bentley Gate!

Fri, 19 Feb 2010 21:19:50 GMT

BEAUTIFUL FAMILY HOME IN FANTASTIC COMMUNITY OF BENTELY GATE! FEATURING EAT-IN KITCHEN WITH CENTER ISLAND, BAY WINDOWS AND PANTRY, FORMAL LIVING ROOM, SPACIOUS FAMILY ROOM WITH CATHEDRAL CEILINGS, BRICK FIREPLACE. MASTER SUITE WITH BATH AND WALK-IN CLOSET, LARGE FENCED-IN BACKYARD WITH DECK AND STORAGE SHED.

VIRTUAL TOUR: http://www.thelistingwidget.com/view.cfm?tourID=4290

CALL JUDY REED TODAY FOR YOUR PERSONAL SHOWING! 757-287-2717

Updated Home in Chimney Hill!

Tue, 16 Feb 2010 00:55:46 GMT

UPDATED WARM HOME IN CHIMNEY HILL. NICE FOYER TO GREET GUESTS, GORGEOUS HARDWOOD FLOORS, FAMILY RM W/ FIREPLACE & UPGRADED CEILING FAN. KITCHEN FEATURES STAINLESS STEEL APPLIANCES. SUNROOM OFF BACK LEADS TO FENCED-IN BACKYARD.

VIRTUAL TOUR: http://www.thelistingwidget.com/view.cfm?tourID=4244

CALL JUDY REED FOR YOUR PERSONAL SHOWING! 757-287-2717

Fantastic Townhome in Fairfield!

Fri, 12 Feb 2010 22:14:15 GMT

SIMPLY FANTASTIC TOWNHOME WITH SO MUCH TO OFFER IN THE HEART OF VIRGINIA BEACH! GREAT FLOOR PLAN WITH NICE KITCHEN, BREAKFAST AREA, SPACIOUS FAMILY ROOM WITH FIREPLACE AND FENCED-IN BACKYARD.

CALL JUDY REED FOR YOUR PERSONAL SHOWING! 757-287-2717

Single Standing Condo in River Breeze

Fri, 12 Feb 2010 21:41:08 GMT

SINGLE STANDING CONDO IN RIVER BREEZE. FIRST FLOOR MASTER SUITE WITH LUXURIOUS JETTED TUB. 3 OTHER BEDROOMS UPSTAIRS AND AWESOME LOFT THAT COULD BE OFFICE, DEN OR PLAYROOM! FAMILY ROOM WITH GAS FIREPLACE. FANTASTIC 2 CAR GARAGE SIMPLY ADDS TO THIS HOME! CONDO FEE INCLUDES WATER AND MAINT OF YARD.

CALL JUDY REED TODAY FOR YOUR PERSONAL SHOWING! 757-287-2717

Like-New Condo in Lexington

Thu, 11 Feb 2010 05:46:45 GMT

FIRST FLOOR MASTER SUITE W/ JETTED TUB, OPEN BRIGHT GREAT ROOM W/SKYLIGHTS & GAS FIREPLACE, SPACIOUS KITCHEN WITH BREAKFAST BAR, UTILITY ROOM UPSTAIRS! 2 BEDROOMS, FULL BATH PLUS LOFT UPSTAIRS. AWESOME COMMUNITY POOL & PLAYGROUNDS. CONDO FEE INCLUDES THE COX CABLE BUNDLE! TELEPHONE, CABLE AND WIRELESS INTERNET) CALL JUDY REED TODAY FOR YOUR PERSONAL SHOWING. 757-287-2717 VIRTUAL TOUR: http://www.thelistingwidget.com/view.cfm?tourID=4183

Beautiful Burbage Grant Home!

Tue, 09 Feb 2010 22:58:59 GMT

BEAUTIFUL CUL-DE-SAC HOME IN LIKE NEW CONDITION!FOYER W/HUGE WINDOW, MASTER SUITE W/FRENCH DOORS LEADING TO SEPARATE SITTING ROOM, COULD BE MAYBE OFFICE/STUDY! KITCHEN W/ UPGRADED CABINETS, GRANITE COUNTERTOPS,STAINLESS STEEL APPLIANCES, EATING BAY, FORMAL LIVING ROOM & DINING ROOM W/COLUMNS AND LARGE BACKYARD WITH DECK.

VIRTUAL TOUR: http://www.thelistingwidget.com/view.cfm?tourID=4164

CALL JUDY REED TODAY FOR YOEUR PERSONAL SHOWING!

Elegant Bellamy Woods Home!

Mon, 01 Feb 2010 20:23:59 GMT

BEAUTIFUL CUSTOM HOME WITH IN-GROUND POOL LOCATED IN SOUGHT AFTER NEIGHBORHOOD IN KEMPSVILLE SCHOOL DISTRICT!HUGE SCREENED PORCH, TREED YARD, LARGE 5 BEDRMS, FORMAL LIVING & DINING ROOMS WITH HARDWOOD FLOORS, OVERSIZE FAMILY ROOM, UPDATED KITCHEN WITH CENTER ISLAND...AWESOME LAUNDRY ROOM, FINNISHED ROOM OVER THE GARAGE IS 5TH BEDROOM WITH FULL BATH!

VIRTUAL TOUR: http://www.thelistingwidget.com/view.cfm?tourID=4085

CALL JUDY REED TODAY FOR PERSONAL SHOWING! 757-287-2717

Fairfield Family Home!

Tue, 26 Jan 2010 19:59:09 GMT

BEAUTIFUL 5 BEDROOM ON CUL-DE-SAC!!HUGE HUGE YARD W/TREES!FORMAL LIVING & DINING ROOMS, LARGE FAMILY ROOM W/FIREPLACE, NICE EAT-IN KITCHEN, BIG ROOM OVER GARAGE, OVERSIZED MASTER SUITE *LOCATED IN KEMPSVILLE SCHOOL DISTRICT*

CALL JUDY REED TODAY FOR YOUR PERSONAL SHOWING 757-287-2717

VIRTUAL TOUR: http://www.thelistingwidget.com/view.cfm?tourID=4012

Short Sale Qualification

Fri, 22 Jan 2010 03:00:00 GMT

Update

Wed, 11 Nov 2009 11:04:00 GMT

Update on the new tax credit extension. After much work between lawmakers and the Real Estate Community they have decided to extend the tax credit to ensure our economic recovery.

However a few different things this time around...... Here are the bullet points:

~ Extended until April 30, 2010 (Home must be under contract by this date and closed by June 2010)

~ Eligible for first time homebuyers, homebuyers that have not owned a home in 3 years.

~ Additionally homebuyers that have owned a home for 5 consecutive years are eligible for a slightly smaller credit of up to $6500 that are replacing their principal residence.

~ Raises the income limitations for homeowners claiming the credit.

For more specific information you can check out the IRS Website link below.

http://www.irs.gov/newsroom/article/0,,id=204671,00.html

This is great news! Let me know if you have any questions. I'll be in touch soon.

Update

Wed, 11 Nov 2009 11:04:00 GMT

Update on the new tax credit extension. After much work between lawmakers and the Real Estate Community they have decided to extend the tax credit to ensure our economic recovery.

However a few different things this time around...... Here are the bullet points:

~ Extended until April 30, 2010 (Home must be under contract by this date and closed by June 2010)

~ Eligible for first time homebuyers, homebuyers that have not owned a home in 3 years.

~ Additionally homebuyers that have owned a home for 5 consecutive years are eligible for a slightly smaller credit of up to $6500 that are replacing their principal residence.

~ Raises the income limitations for homeowners claiming the credit.

For more specific information you can check out the IRS Website link below.

http://www.irs.gov/newsroom/article/0,,id=204671,00.html

Update

Wed, 11 Nov 2009 11:04:00 GMT

Update on the new tax credit extension. After much work between lawmakers and the Real Estate Community they have decided to extend the tax credit to ensure our economic recovery.

However a few different things this time around...... Here are the bullet points:

~ Extended until April 30, 2010 (Home must be under contract by this date and closed by June 2010)

~ Eligible for first time homebuyers, homebuyers that have not owned a home in 3 years.

~ Additionally homebuyers that have owned a home for 5 consecutive years are eligible for a slightly smaller credit of up to $6500 that are replacing their principal residence.

~ Raises the income limitations for homeowners claiming the credit.

For more specific information you can check out the IRS Website link below.

http://www.irs.gov/newsroom/article/0,,id=204671,00.html

The TAX CREDIT is BACK!

Tue, 10 Nov 2009 11:42:00 GMT

September Newsletter

Tue, 29 Sep 2009 13:40:00 GMT

September Update

For the first time in five years, existing home sales have increased for four months in a row, according to an August report by the The National Association of Realtors® (NAR). Existing home sales - including single-family, townhomes, condominiums, and co-ops - increased 7.2 percent in July, which is the largest monthly sales gain recorded since 1999. Analysts are projecting an increase in 2009 of existing home sales to a seasonally adjusted annual rate of 5.24 million units, which is 5 percent above the 4.99 million-unit pace set in July 2008.

"The housing market has decisively turned for the better," said Lawrence Yun, chief NAR economist. "A combination of first-time buyers taking advantage of the housing stimulus tax credit and greatly improved affordability conditions are contributing to higher sales."

Lending Trends

Freddie Mac reported that the national average commitment rate for a 30-year, conventional, fixed-rate mortgage dropped to 5.22 percent in July from 5.42 percent in June. This is a dramatic rate reduction compared to the 6.43 percent rate available in July 2008. According to a survey by NAR, first-time buyers accounted for 30 percent of homes purchased in July, while distressed homes accounted for 31 percent of transactions.

Buyers Enjoy Federal Tax Credit

Home buyers can claim a special tax credit worth up to $8,000. The American Recovery and Reinvestment Act offers qualifying home buyers a tax credit equal to 10 percent of a home's purchase price, up to a maximum of $8,000. The tax credit is offered to first time buyers, and those who have not owned a principle residence in the past three years. To be eligible for the tax credit, buyers must meet general income requirements and close on their purchase before December 1, 2009.

Under new rules introduced recently by the Department of Housing and Urban Development, qualifying buyers can apply the $8,000 tax credit toward the purchase of a home. To facilitate the process, the Federal Housing Administration is permitting its lenders to extend short term bridge loans, which will enable qualifying buyers to apply their tax credit toward closing costs, buying down their interest rate, or increasing their down payment above the FHA required 3.5 percent.

Please contact us today for more details on this once-in-a-lifetime program

Virginia Beach is a great place to live!

Thu, 03 Sep 2009 14:16:00 GMT

Virginia Beach Ranks Among America’s Ten Best Places to Grow Up

Posted: 01 Sep 2009 08:57 AM PDT

By Charlie Bengel

Here’s the write-up from US News and World report:

If you could create the ideal community to raise a child in, what ingredients would you include? First off, you’d probably want a low crime rate.

A strong school system would also be key. From there, you’d need lots of other children, expansive green spaces to play in, and plenty of nearby family events. Toss in an abundance of artistic and recreational activities, and all of a sudden you’ve got one heck of a place to grow up. At U.S. News, we wanted to find out if any communities like that already existed—and if so, where they were located. So we dug into our database of 2,000 different places all across the country and pinpointed the locales that met these criteria. We then examined these communities more closely to determine which places offered the best combination of safe neighborhoods, fun activities, and top-notch educators. Our selections appear below, in our list of America’s 10 Best Places to Grow Up:

Virginia Beach, Va.

Junior adventurers will love Virginia Beach, Va. This community of 434,000 residents in the southeastern part of the state has a low crime rate, a solid school system, and 35 miles of majestic beaches on the Atlantic Ocean and the Chesapeake Bay. “It’s kind of neat to be able to come home from work, make a call to my wife or son, grab a bucket of chicken or some sandwiches, and then go out on the bay and have dinner,” says Greg Ward, who works for a marketing firm that represents the Virginia Beach Convention and Visitors Bureau.

Children can explore an impressive ecosystem of threatened and endangered species—including bald eagles and loggerhead sea turtles—in the 9,000-acre Back Bay National Wildlife Refuge. The warm summers and mild winters provide plenty of opportunities to hike, bike, and picnic your way through the 19 miles of scenic trails over at First Landing State Park. And after checking out the sand tiger sharks and the cow-nose rays at the Virginia Aquarium and Marine Science Center, children can catch an educational picture in its 3-D IMAX theater.

And in early September, the community is launching an online resource—VBparents.com—designed to keep parents plugged in to local health and school news, while ensuring that they are up-to-date on all of the community activities available to their kids. “There are lots of great parenting resources out there. This one is going to be specific to raising your child and your family within the city of Virginia Beach,” says Jenefer Snyder, city of Virginia Beach GrowSmart coordinator. “We are constantly going to be connecting it back to community services, activities, events, programs, and classes.”

Tax Credit Is Almost Over....

Fri, 21 Aug 2009 10:15:00 GMT

The Tax Credit Clock Is Ticking. To be eligible for a tax credit of up to $8,000, first-time homebuyers have until the end of business on Nov. 30 to close their loans. There has been discussion that some members of Congress want to extend and increase the homebuyer tax credit. It remains to be seen if an extension or enhancements will be made. Historically, it has taken 45 to 60 days to close a loan. However, new appraisal and disclosure requirements that recently took effect may add extra time to the closing process. To be certain homebuyers can take advantage of the tax benefit – as the law stands today – interested buyers should apply for their loan no later than the beginning of October to be able to close the loan prior to the deadline.

Call me TODAY to find your dream home!

Short Sales

Fri, 21 Aug 2009 03:00:00 GMT

Short Sales Comprise More Real Estate Transactions. Short sales are becoming a more common occurrence in the housing market. A report released on June 30 by the Office of Thrift Supervision and the Office of the Comptroller of the Currency said short sales increased by 208.5 percent for the first quarter of 2009, compared to the first quarter of 2008. In June the National Association of

REALTORS ® statistics showed that about half of all recent transactions have been a short sale (15 percent to 20 percent) or foreclosure (30 percent to 35 percent). A short sale enables the current homeowner to help protect his or her

credit and avoid foreclosure by selling the home for less than the amount owed on the mortgage. Short sale properties can be reoccupied quickly and help stabilize neighborhoods, preventing vacancy and blight. Both the buyer and seller need to consider the amount of time and process required to complete the sale. The transaction requires paperwork from the consumer, home valuations, approval from the mortgage servicer, and mortgage insurer, if applicable. Appropriate approvals are also required from the loan investor and the process may require coordination with the second lien holder, which may take additional time. Numerous participants are involved in a short sale (see diagram). Short sale buyers cannot have a close personal or business relationship with the seller. Buyers are encouraged to obtain a creditchecked preapproval to help move the process along.