The 2009 Virginia Beach Area Real Estate bottoming out!?

If your waiting for the real estate residential market to bottom out, I believe the time is near. When we reach the bottom, a lot changes in the ride up from the bottom--price of Homes increase; interest rates go up, and inventory of Homes goes down. Anyone in the market to buy a Home "cheap", don't wait too long or it could pass you by. Listen up 1st time Home Buyers and relocating Retirees! Buy low now!

As you know, currently, prices of Homes are low, interest rates are below 5% and a large inventory of Homes are available in all price ranges. Additionally, if you know of anyone that is a first time Home Buyer or hasn't owned a Home for 3 years, then an $8,000 Federal Tax Credit is available from the Government, with no payback requirements.

In many parts of the country, a Home Buyer has the availablity of a Mortgage Payment Protection Plan that will protect the primary bread winner if he/she were to lose their job within 2 years after they close on a newly purchased Home. This plan will pay your House Payment for 6 months, up to $1,800 per month. There is a one time insurance fee usually between $500-$600

My real estate site www.googlejim.com has All Homes for sale in Virginia Beach, Chesapeake, Norfolk, Portmouth, Suffolk, Hampton and all surrounding areas of Virginia and I mean every single Home; it's updated daily, easy to navigate and no registration is needed---just take a look around! Includes full details with addresses, pictures inside and out, interactive mapping and much more! Visit as much as you like with no obligation ever--have fun!

Jim Willis, A Buyer's Realtor Rose and Womble Realty 757 287 6345 www.googlejim.com --updated daily! www.localism.com/neighbor/jimwillis Jim's Real Estate Blogs!