My short sale in Newport News is finally done. It has been going on since Feb 2009. Thank goodness I had a negotiator working the deal for me, Julian Properties. The first mortgage company was impossible and the second mortgage company was insane. Once we had approval from them the buyer (only the second one) had to go back through the loan process again as well as another termite inspection. Then to top it all off we had a water leak in the vacant house. Everyone stuck with it and made it happen. The selling agent, Stephanie Hill, was just great. Without her it may not have gotten done.
http://www.geneallen.com Come and see ALL the Homes for Sale in Virginia Beach, Chesapeake, Norfolk, as well as the rest of Hampton Roads. This site is updated daily with new real estate listings, pictures and other information vital to your home search.
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There are an unknown number of homes built with Chinese Drywall in Virginia Beach and Chesapeake. Along with all the known problems comes a new one.
Insurers are dropping homeowners or not renewing them based on the fact that a home is built with Chinese Drywall. Homeowners are submitting claims to the insurance companies and they are saying that this is a "pre-existing" condition and they will not pay claims for the damage caused. Robert Hartwig, president of the Insurance Information Institute, agreed that homeowners policies were never meant to cover "faulty, inadequate or defective" workmanship, construction or materials.
Chinese Drywall has been found by state and federal agencies to emit "volatile sulfur compounds," and contain traces of strontium sulfide, which can produce a rotten-egg odor, along with organic compounds not found in American-made drywall. Homeowners complain the fumes are corroding copper pipes, destroying TVs and air conditioners, and blackening jewelry and silverware. Some believe the wallboard is also making them ill.
Homeowners are caught between the proverbial rock and hard place. If they tell the insurance company they have Chinese Drywall they have the risk of being dropped. If they don't tell the insurance company they have it, future claims may be denied. The government is working of some sort of relieft but nothing has come out yet.
Here are some questions waiting to be answered. Is Chinese Drywall something that needs to be disclosed to propspective buyers? Is this another good reason for buyer to be even more wary of buying from a FSBO? Is it another good reason to make sure you pick an active agent that is working for the buyer and is aware of the problems.
http://www.geneallen.com Come and see ALL the Homes for Sale in Virginia Beach, Chesapeake, Norfolk, as well as the rest of Hampton Roads. This site is updated daily with new real estate listings, pictures and other information vital to your home search.
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58.5 months in Hampton Roads is the average time it will take to sell your $1,000,000 plus home. There are over 395 homes in that price range currently on the market. I didn't know we even had that many million dollar plus homes in the area. For those of you who have a more modest $215,000 to $509,285 house you only have an average of 9.8 months to wait. For the lucky guys who are sitting on homes for less then $215,00 the average wait is only 7.8 months.
Of course statistics can make the market seem worse then it is. Many of the homes sitting on the market and making the market time longer are bank owned properties and short sales. With buyers looking to get the $8,000 tax credit before it goes away the end of November they are bypassing those properties and buying properties that are turnkey ready. Turnkey homes are rare and are bringing good prices on the market at the moment.
If you are a seller looking to sell your home quick and it is ready to go, give me a call and let me market it for you. These are the homes that are selling now in the Hampton Roads area.
http://www.geneallen.com Come and see ALL the Homes for Sale in Virginia Beach, Chesapeake, Norfolk, as well as the rest of Hampton Roads. This site is updated daily with new real estate listings, pictures and other information vital to your home search.
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The Homeowners Assistance Program (HAP) for military members is officially accepting applications. There are a lot of military in the Norfolk area who bought homes in the last few years and have orders out of the area. As we know from news reports this can be a disaster for the military person on Permanent Change of Station (PCS) orders. Many bought when the price was high and now are forced to sell when the price is low.
I am here to let you know that there is help. The Department of Defense (DOD) has finally come out with the final guidelines for the Homeowners Assistance Program (HAP) to eligible service members and federal civilian, including non-appropriated fund, employees. The program is authorized by law, and administered by the US Army Corps of Engineers (USACE) to assist eligible homeowners who face financial loss when selling their primary residence homes in areas where real estate values have declined because of a base closure or realignment announcement.
That program has been modified by The American Recovery and Reinvestment Act of 2009 (ARRA) which temporarily expands the HAP to assist service members and DOD employees who are wounded, injured or become ill when deployed, surviving spouses of service members or DOD employees killed or died of wounds while deployed, service member and civilian employees assigned to BRAC 05 organizations, and service members required to permanently relocate during the home mortgage crisis.
If you are in this situation or think you might be in this situation, give me a call. Who knows better how to help the military person than a 21 year veteran.
http://www.geneallen.com Come and see ALL the Homes for Sale in Virginia Beach, Chesapeake, Norfolk, as well as the rest of Hampton Roads. This site is updated daily with new real estate listings, pictures and other information vital to your home search.
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It is never to dark in Virginia Beach to take a picture. I like taking pictures of the sun as it is coming up and in the evenings. This is a picture of a lake on the Honey Bee Golf Course in the Glenwood section of Virginia Beach. Often I get a good sky but the ground is dark. This is mostly because of the limitations of my camera (Panasonic DMC FZ 18). It just can't get all the lightness and darkness in at the same levels. That is where Photo Shop Elements (PE) comes in. What I did was take my shot and then went into PE and increased the the dark levels to where they were more in line with the light levels. Some people think a dark shot is wasted but often there is enough detail that you can bring it up in PE. To me a light shot is wasted because once you blow out a highlight it is gone forever.
http://www.genesellsvirginiabeach.com Come and see ALL the Homes for Sale in Virginia Beach, Chesapeake, Norfolk, as well as the rest of Hampton Roads. This site is updated daily with new real estate listings, pictures and other information vital to your home search.
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Hampton Roads Real Estate, Virginia Beach Real Estate, Chesapeake Real Estate, & Norfolk Real Estate is what I sell. My personal goal is to provide Number One service to all of my clients
Hampton Roads Real Estate
I am a Realtor® selling Hampton Roads real estate and have been since 1992. In 1994 I retired from the military and set off to sell homes in the area as my children were still in high school. Didn't want to move them at that time in their lives. So here I am still selling homes in the Hampton Roads area. If you all have any referrals for the Virginia Beach, Chesapeake, Norfolk, Portsmouth and Suffolk area, send them my way. We are an Equal Housing Opportunity brokerage.
I sell residential properties in Virginia Beach, Chesapeake, Suffolk, Norfolk and Portsmouth. This includes resell and new homes in all price ranges. I have not learned to do niche marketing yet as I like the various types of homes out there. My normal price range is in the 180k to 600k range although I have sold properties in the higher price ranges. My office specializes in beach properties and we routinely list and sell homes in the million dollar range. The price is nice but you don't do many of those a year.
I feel very fortunate to have happened upon Gene Allen while surfing the net looking for a home in the Hampton Roads area. My family and I were relocating from Western, NY to Hampton Roads and knew virtually nothing about the area. From the time Gene and I first met to the time we closed on our house covered a span of time of about 15 months. For the entire time I always felt that Gene had our best interest at heart. He was very accommodating and helpful while we were house hunting and very patient as we explored different towns in the Hampton Roads area.... To any potential clients of Gene's, I strongly endorse him as a thorough, competent and compassionent agent. I would definitely employ Gene as my agent again. Should you choose to engage his services, you will be glad you did. "Shortened version of email from A. Locke"
Gene made our first home buying experience wonderful. He made us feel comfortable from the start. He was dedicated to finding us a home of our dreams. Gene went above and beyond in showing us all the houses we wanted to see. He encouraged us when we thought we would never be homebuyers. We would recommend Gene to our family and friends. When it comes time to sell and upgrade we will definately use Gene for his knowledge and experience. "From a buyer satisfaction survey from A. Ceja"
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