About Norfolk City County, VA

Where do I begin you ask?

Pull your credit report; you need to know where you stand.

You're entitled to one free credit report a year. Get all 3. TransUnion , Equifax, Experian. Don't be surprised if the 3 agencies do not contain all of the same information. Not all of your creditors report to all 3 agencies.

AnnualCreditReport.com is a good source to obtain those reports. You'll be asked several questions to verify that it is indeed you.

You should also get your credit scores. These will cost you, about $40.00 for all 3. Your credit score tells your history to lenders. Those will also be different from the 3 agencies. It's well worth the $40.00 to know before hand.

Check your reports - make sure all of the information on them is yours. If you find errors you will be able to dispute them. Also if you have any judgments or collections, those will need to be paid. Even if they are only $20.00! If that is your case, be sure to get a receipt and the name of the person you talked to on the phone that handled your payment (just in case). Hold on to them, a lender will want to see them if anything is left on your report when it is pulled.

Don't ignore any issues, handle them the best you can. How do you eat an elephant - one bite at a time!

If your score is around 620 or better you're in position to speak to a lender. Your debt to income ratio will also be looked at. Meaning how much money you make versus how much you pay out in debts, like car loans, credit cards.

Do you have a preferred lender? If not, I can recommend a few experts in the business.

Once you have gone through the loan process and are pre-approved, the lender will let you know how much home you can afford. That doesn't mean you are comfortable paying the mortgage on that amount. So give that some thought. Just because your approved for a certain amount doesn't mean you have to spend that amount. You have to consider your personal circumstances.

Once you know the amount you want to spend on your home, let the searching begin.

And as always I am here to help you with that process and all the process that follow to get you and your family to the closing table and in your new home. You need an agent working on your behalf. Did you know that 9.9 times out of 10 the seller is the one who pays the agents and not the buyers.

Please call or email me with any credit question or loan questions that you may have to make home ownership a reality.

Don't pay anyone to do credit repairs, you can do those yourself! Save that money and pay a debt.

To get the $8000.00 first time home buyers tax credit you need to be under contract by April 30th.

Talk to you soon!

East Beach  Market Report - Homes for sale in East Beach - Norfolk

Map of Comparable Market Analysis or Market Report  in East Beach - Norfolk - Virginia                                                          

 East Beach - Norfolk -  Virginia Market Report shows what we have seen in the region.  Houses are selling, as long as they are moderately priced and in great condition.  Above you can see the  Market report in East Beach - Norfolk as of February 4, 2010.  It appears that owners and builders in East Beach continue to over price their properties with the result of having a very high days on the market average.  This number doesn't include the expired or withdrawn listing. The average DOM for expireds in East Beach is 242. Once a house is re-listed the previous days on the market go back to zero. 

Blue: Days on the Market       Green: List Price           Red:  Sale Price

Notice that houses have been selling under the asking price, but this doesn't take in to consideration prior price reductions.  It olny takes in to account the asking price at the time of the offer.   In East Beach the price reductions have been very large.  For specific details feel free to give me a call.   The East Beach - Norfolk  - VA - Market Report doesn't include properties that were sold buy owner.  

I the past six months there have been: 
A total of  7 houses Sold, 15 Expired listings, a total of  8 houses under contract at the time of this report which is  good news to the neighborhood.  Of the 7 sold homes 4 are New construction, and of the Pending or under contract listings 5 are new construction.

There are a total of 40 active listings and the average days on the market is 144 days.  In East Beach - Norfolk VA this number is not quite accurate as homes that have never been on the open market are entered in to the system once they are sold.  The real number of DOM is much higher.

To SELL or BUY  Real Estate in Virginia Beach, or Hampton Roads visit my website. http://www.tererottink.com/  visit my Blog at HamptonRoadsrealEstateVoice.com 

Call me at: 757-502-5324

Below are the properties available for sale in the Courthouse Estates neighborhood and and surrounding areas at this time. To view any of this homes contact me. To view all the listings available please visit my website

The opinions expressed on this report are my personal opinions, as I see the numbers in the neighbhorhood.  For more details feel free to contact me by email  at  Tere.Rottink@yahoo.com  or call me   757-502-5324 

East Beach  Market Report - Homes for sale in East Beach - Norfolk   was first published on Hampton Roads Real Estate Voice Copyright © 2010 By Tere Rottink, All Rights Reserved.*  East Beach  Market Report - Homes for sale in East Beach - Norfolk

The City of Norfolk is asking you to report potholes and broken sidewalks. This request comes after our recent snow storm.

Reports can be made to pworks@norfolk.gov or by calling 757-823-4050 - 24 hours a day. Also via the city's website - http://www.norfolk.gov/PublicWorks/pothole.asp.

Norfolk has made this easy for residents and future residents to participate. Report those Pot Holes!

Fannie Mae Incentives and Federal Income Tax Credit for home buyers in Norfolk - Virginia

A 3.5% incentive is being offered for the purchase of a Fannie Mae-owned house. This is only for home buyers who close the purchase of a home between January 28 and April 30, 2010. Buyers of homes in Norfolk Virginia will receive up to 3.5% of the final price for:

- Closing costs

- New Whirlpool appliances

- Or a mix of both. Up to a maximum of 3.5%

The offer must be accepted and the deal must close before May 1, 2010. These incentives only apply to owner-occupants.

Individual lenders may impose limitations, so ask your lender to make sure they are participating fully on the program.

On top of that Norfolk home buyers and sellers must take advantage of the Federal Income Tax Credit, which runs through April 30, 2010 with a 60 day cushion after that date to complete closing.

Some details:

- $8,000 tax credit for first-time home buyers in Chesapeake -Virginia.
- $6,500 tax credit for existing home owners who have lived in their current residence for at least five years but want to relocate to a new primary residence.

*** Consult an accountant, lender or attorney for specific details on refunds for these incentives*** I have referrals for all these sources.

Lets do the numbers on a Norfolk home purchase of:

$ 200,000 x 3.5% = $7.000 plus $8.000 Tax credit = $15.000 //+$ 6.500 = $ 13.500

$ 250.000 x 3.5% = $8.750 plus $8.000 Tax credit = $ 16.750 //+$ 6.500 = $ 15.250

$ 300.000 x 3.5% = 10.500 plus $8.000 Tax credit = $ 18.500 //+$ 6.500 + $ 17.000

Call me today to take advantage of these incentives. 757-502-5324 or send me an email at: Tere.Rottink@yahoo.com

Below are the properties available for sale in Norfolk and surrounding areas at this time. To view any of this homes contact me. To view all the listings available please visit my website

Fannie Mae incentives and Federal Income Tax Credit for home buyers in Norfolk - Virginia was first published on Hampton Roads Real Estate Voice Copyright © 2010 By Tere Rottink, All Rights Reserved.* Fannie Mae incentives and Federal Income Tax Credit for home buyers in Norfolk - Virginia

While you tour East Beach - Norfolk -VA you think you are driving in an old neighborhood with walk-friendly streets, ample front porches and unique homes. Not so, East Beach used to be a blighted, crime ridden neighborhood. It has been redeveloped in to a Luxury neighborhood. used to be a blighted, crime ridden neighborhood.
The 100 acre waterfront site on a peninsula between Pretty Lake Harbor and the Chesapeake Bay, East Beach is a neighborhood development designed in to a traditional neighborhood. The development was designed based on a Master plan created by the team of Duany and Plater-Zyber.

East Beach - Norfolk - VA- Homes for sale and community enjoy so many amenities that are almost to many to mention.
- Bay Front Club with a
-Pool
-Fitness center
-Catering kitchen
-Beach Access
-Playgrounds
-Giant outdoor chess set.
- Within walking distance to restaurants, a variety of shops, fishing access and marinas.
- Drive a golf cart
- 24-hour security patrol
- Location, location, location
- Centrally located to Navy Bases
- 10 minutes to Norfolk International Airport
- 15 to Major Hospitals
- Due to it's planning friendly neighbors abound.
- WALK TO THE BEACH

Home buyer in East Beach - Norfolk - VA- real estate for sale will also enjoy future amenities. There is a town center planned for the community.
In the master plan there will be a sunken croquet court, tennis courts and outdoor stage.



East Beach - Norfolk - VA- Homes for sale Start at $ 295,000 for 576 square feet up to $2,900,000 for an Ocean front home with 5,177 square feet

To SELL or BUY  Real Estate in Virginia Beach, or Hampton Roads visit my website. http://www.tererottink.com/  visit my Blog at HamptonRoadsrealEstateVoice.com 

Call me at: 757-502-5324

To SELL or BUY  Real Estate in Virginia Beach, or Hampton Roads visit my website. http://www.tererottink.com/  visit my Blog at HamptonRoadsrealEstateVoice.com 

Call me at: 757-502-5324