About Norfolk's West Ghent

For those of you not following the gyrations of Congress and the President's Administration, there is a lot of discussion on how best to stimulate the economy. Though Hampton Roads was one of the few metropolitan regions which did not lose any jobs in 2008, we are still seeing troubling signs in the housing arena including increasing numbers of foreclosures and bank short sales. The Senate voted this week to include a 10% tax credit for anyone (not just first-timers) who purchases a home (up to $15,000). The full article is here. What good news that would be!

So, to you folks out there who are considering a move-up, do you think this incentive would be enough to get you moving? How about we throw in the lowest interest rates in decades, a huge number of homes to choose from, and seller contributions? What do you think now? I really want to know!

Just thinking about buying or selling? Check my website for information on home buying in Hampton Roads or other Real Estate information!

Here is one example that might work for Norfolk-living. It is a short sale, well below market value (average Sales Price in this area is $485,000). It is on the market for $399k! If you would like information on this home, please call me.