About Norfolk City County, VA

3 Virginia Beach Real Estate Stocks were voted best stocks according to StockScounter's February report.

The Scouter score is based on how the stock performs in the following criteria: business fundamentals, price behavior, valuation and stock-ownership characteristics appear to predict a rising price in the coming weeks, based on how those factors have influenced stock prices in the past. REIT's- are usually formed to finance luxury condo and apartment ventures, strip malls, shopping malls, and commercial buildings that generate income from rents.

Real Estate investment Trust (REIT)- according to Wikepedia- a REIT is a company that owns, and in most cases operates, income-producing real estate. Some REITs finance real estate. To be a REIT, a company must distribute at least 90 percent of its taxable income to shareholders annually in the form of dividends. This is a great way for the girl next door to buy a piece of the shopping mall down the road or gain a profit from the high rise being built down the street. Why not own your condo and a peice of the whole block. When investing in a REIT -you need to think big.

Looking for a place to invest those tax refunds, research more about these stocks. And if all else fells call me to buy a home, condo, or investment property.

The 3 Virginia stocks that topped the list were:

In the last few weeks since Christmas I must of had a dozen calls from Hampton Roads Navy personnel who received pink slips and are now scrambling to figure out what to do with their homes. Many Norfolk Sailors who were let go as a part of the Navy's enlisted retention boards layoffs are now trying to figure out what is next for them. If you have not heard Navy.mil reported that "a total of 2,947 sailors were given pink slips by the Navy late last year as part of an effort to reduce personnel in 31 overmanned ratings."

Sources told the Navy Times that only a fraction of those sailors — roughly “300 to 350” will actually qualify to retire through the 15-year option. So if only roughly 300 sailors who were cut through the fleet’s enlisted retention boards will receive the new, early 15-year retirement option recently approved by Congress. What happenes to the other 2600 if they can not find new employment?

These are a few of the questions I have had

1. How do I sell a home that is worth less than my mortgage balance?

2. How do they pay their mortgage or even rent a home with no employment?

3. How can they find out if they will qualify for a short sale?

4. If they took the Tax credit and it hasn't been three years do they have to pay it back or pay taxes on it?

This is just a few questions ERB Sailors will be asking me and others as their official departure day draws closer.

I spoke to one sailor who said "When reenlisted in the Navy I thought my contract would be honored for the 4 years I re-listed for and I planned my life and bills accordingly. I never thought I would be forced out and amongst the unemployed."

I spoke to another sailor that says " My only hope for employment is to leave the area I must consider selling my current home even if it means as a short sale."

Most bought their home with a VA loan but each lender and loan type has its own guidelines for short sales so it is not a 1 + 1= 2 situation

If you are a ERB sailor needing to sell your current home give me a call and lets discuss your options.

Qualities of a Short Sale Seller especially in Hampton Roads Areas

STOP MONKEY-ING AROUND AND GET THAT HOME SOLD ALREADY!!!

You Must be 110% Motivated!

Dedicated to the process!

Must be Cooperative and Compliant with banks demands!

Must be ready to sell and redy to move!

Willing to use Dee Dee Jones to list your home!

If your hanging on to your home by a limb.  Call me today and lets discuss a Short Sale!!

5 Reasons To Be Thankful Today!

1. Low interest rates Nationally

2. Great inventory in Hampton Roads Cities

In honor of Movember- Move in November!

I hope you all have a wonderful Thanksgiving!

Norfolk Real Estate Market Update is a weekly report of real estate market statistics. This information is for buyers and sellers that are currently in the real estate market or are thinking about getting in to the market. Since Norfolk contains multiple zip codes this analysis may or may not be specific to your subdivision and should only be used as a tool to determine trend lines and a look at Norfolk as a whole.
The median list price in NORFOLK, VA this week is $175,000. The 1076 properties have been on the market for an average of 210 days. Inventory has been lightening lately and the Market Action Index has been trending up. Though days-on-market is increasing, these are mildly positive indications for the market. The market has shown some evidence of slowing recently. Both prices and inventory levels are
relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.

Buyers and sellers should consult a Realtor for specific market updates in reference to your subdivision. A CMA (Current Market Analysis) should be done prior to putting a listing on the market or making and receiving offers. When visiting the website BetterCallDoug.com be sure to check for your zip code, if it is not listed please contact me directly for a specific CMA.

Norfolk Real Estate Market Update

Norfolk Real Estate Market Update

All data was pulled from REIN and Altos Research for Norfolk Real Estate Market Update.
Doug Wolfe, Associate Broker, Keller Williams Town Center, Dougwolfe@kw.com , www.BetterCallDoug.com

Norfolk Real Estate Market Update, Norfolk Real Estate, Norfolk Virginia Home Search, Norfolk Home Search