Wednesday, January 14, 2009
There are many great home buying deals and great interest rates right now. The question is how long will this last? The time to buy is definitely now! I bought my current home in April 2007. Now I'm wishing I would have waited to 09 to sell and buy. I know- I do realize that the home I sold then did yield a hire price then I would have gotten today. Yes I do realize it took less time to sell then, then it would today. I just hate seeing the great resale, short sale, and foreclosure deals rolling around the Hampton Roads MLS in my price range. I could have got almost 1000 more sqft had I waited and as a mother of 3 every sq inch counts. Anyways, I know there is a lot of factors. And pros and cons in both markets.
And lets not talk about interest rates. There dropping so low I want to cry or refi. If you have not checked in with your preferred lender then give them a call to check out what they are offering. Your lender would be glad to help you navigate the numbers, payments, new loans, and loan guidelines. If your a buyer I just would like to say "DO NOT MISS OUT ON THE GREAT DEALS THE TIME TO BUY IS NOW"! I'm not sure how long the low rates will last so act now and do not say nobody told you.
If you want more info on the Hampton Roads Real Estate Market then contact
Dee Dee Jones
Wainwright Real Estate
Real Estate Agent
The Hampton Roads VA area is known for its fabulous Homearama events that feature fancy luxury homes with state of the art amenities. But now the market is effecting the future of this event. The Tidewater Builders Association which manages Homearama recently announced that the 2009 event will be in a much less expensive area in The North Suffolk VA area in 2009. It will be interesting to see if the homes sale faster because they will be more affordable. I am glad to see at least one showcase that caters to the middle class. And there is no better time then now. Hopefully in the future they may keep a few affordable options depending how this presentation will go.
The homes will start in the $400,000 range featuring condos and single family homes. Which is a drastic drop from the 08 price range of 1.2 million in Ashville Park in Virginia Beach, VA and the 07 Edinburg Area in Chesapeake, VA. O8 featured luxury green homes, 09 will be a compact version, focused on a mixed use style community, with retail shops, offices, 2500 sq ft homes, condos all with craftsman style architecture. The change to less expensive was made due to the changing economy and the hesitancy of pass builders to participate in 09.
The event w ill be located in a new subdivision called Hampton Roads Crossing, when will be anounced at a later time. Ill be sure to pass on the info it is always a great one of a kind event.
Dee Dee Jones The Hampton Roads Real Estate Lady
Wainwright Real Estate