Thursday, August 25, 2011

Hurricane Irene approaching Norfolk, VA




Low lying areas in Norfolk its time for mandatory Evacuation! Begins 8am Saturday

According to FEMA, the Red Cross, WTKR, and Christian Science News:

Hurricane Irene, is the first of the 2011 season, it has done damage in the British Virgin Islands, Puerto Rico, and the Dominican Republic already.

People on the East Coast of the US are now readying themselves for their own imminent encounter with the storm.

If you are still on the east coast, what can you do to protect your home and your loved ones?

1. Leave the area and go at least 100 miles west of the tip of the projected storm areas if possible. A storm tracker can be found on WeatherChannel.com, CNN.com and WTKR.com

2. Stock up
Perhaps the most important thing to do is gather items you might need if you become trapped or stranded. Even in the worst case, if your house is compromised or you are unable to leave it, you and your family will be okay so long as you have taken the time to put together the necessities. THIS INCLUDES filling your bathtubs and sinks with water incase water supply is losted.

3. Keep an eye on the weather and watch for changes.
A storm is at its most dangerous when it is unexpected. Do some research on weather news outlets to find the one you deem most valuable. If you're watching the hurricane, you'll rid yourself of the helpless feeling that it’s an invisible enemy that can't be guarded against. And you'll know when it's about to hit your area or head in another direction.

4. Guard your windows
If you plan to stay in your house, you must make it as secure as possible. Windows should become barricades – not against burglars, but rain, wind, and maybe even flying objects. If you stay home moved to an interior room preferably with little or no windows.

There are two parts to this procedure. First, limit the number of things that could come crashing into the side of your home. Make sure to "bring in all outdoor furniture, decorations, garbage cans and anything else that is not tied down,"

5.Make a simple but thoughtful plan
A family disaster plan will keep you organized; the last thing you want is for a moment’s panic to ruin all your careful preparation. If you stay home moved to an interior room preferably with little or no windows.

6. After it's over: be careful
Hazards don't vanish the second a hurricane moves on. The Federal Emergency Management Agency can give you some pointers for the hours and days after the immediate terror.

One of the priorities will be to clean and repair broken parts of the house.

If you can not afford to leave or if your home is damaged during storm Shelters in Norfolk: Maury, Granby and Norview High, Campostella Elementary and Lake Taylor Middle. In Chesapeake: Oscar Smith High Virginia Beach: Birdneck and Cox Elementary. All high schools in Suffolk.

REMEMBER most shelters will not take pets......

If you need to store your car it can be stored at the Norfolk York Street garage.

"I can dream alone, build alone and strive alone, but true success always requires the help and support of others. Please send me your referrals."


Visit my website today, The Hampton Roads Real Estate Lady!

Deandrea "Dee Dee" Jones

Associate Broker

Blu Skyy Realty Virginia Beach, VA

deedee@bluskyyrealty.com

http://DJonesRealEstate.com

djoneshomes@gmail.com

Chesapeake Public Schools Bus schedule


I have three kids and I am not ashamed to admit I absolutely can not wait until school starts.


We live in the Battlefield Greenbrier section of Chesapeake Virginia and my children attend three different schools so bus timing is important to me.


Chesapeake Public Schools has published the 2011 Bus Routes List. you can access it thru this link: Chesapeake Public Schools Bus Routes 2011



All though I can bet that buses will be late or (one year it never came) when it does show up I will jump for joy when I see that big yellow bus! I may even buy a present for the bus driver!

It has been a long hot summer and we went on an awesome vacation but it is definitely time for all people in my home under 18 to be back in school!

Chesapeake Public Schools students start school Sept 6th.

BRIGHT AND EARLY!!!!!!!!!!!!

"I can dream alone, build alone and strive alone, but true success always requires the help and support of others. Please send me your referrals."


Visit my website today, The Hampton Roads Real Estate Lady!

Deandrea "Dee Dee" Jones

Associate Broker

Blu Skyy Realty Virginia Beach, VA

deedee@bluskyyrealty.com

http://DJonesRealEstate.com

djoneshomes@gmail.com

Sunday, August 7, 2011

Short Sales from Chesapeake to Hampton! The Good, The Bad, and The Ugly!


FYI only,
Thinking of buying a short sale property in Norfolk, Chesapeake, Virginia Beach or Hampton?

Then you'd better understand what a short sale is, and what it will take to close that deal.

What's a short sale?

Generally, it's a sale where in the seller is selling the property for less than what is owed. And as such, the seller's lender will have to approve the sale, price, terms and conditions.
Who accepts the offer

The seller still decides whose offer to accept. Most lenders will only want to look at the best and highest offer. In multiple offer situations, highest offer doesn't always win -- which may be true with regular sales and foreclosures, too. The onus is on the seller to choose/accept the offer which has the best chance of getting approved by the short sale lender.

What are the terms and conditions that a short sale lender is likely to approve/disapprove?

Every short sale lender is different. But there are certain elements that are quite common.

Price. An offer that is too low or below the investor guidelines is likely to be rejected or countered. Just because it's distressed or a short sale doesn't mean the buyer can get it with a significantly low-ball offer. You can deal, but not steal.

Find out how much is owed and to whom, check the comps in the area. Then go from there.

Close of escrow: For example, when the short sale lender grants approval, the lender typically sets an aggressive closing date, usually within 30 days. This makes it challenging for an offer with FHA loan and its 45 days or longer escrow period.

HOA (homeowners Association, Condo, Coop, or Property Owners Association): The lender may also refuse to pay for HOA documents, fines and delinquent fees. If the seller is delinquent, buyer (and seller) may be requested for a contribution to satisfy these demands.

Credits: The lender may also refuse to give credits for closing costs, repairs, replacement and/or warranty.

What does the buyer need to know to buy a short sale in Hampton Roads cities?

Who is the lender? Some lenders are a lot harder to work with and may take longer than others to approve a short sale, while other lenders (like Wachovia) have a good track record of closing short sales.

How many liens are there, and are they by the same lien holders? Having one lien holder is tough enough. Having two is tougher. But when there are different lien holders, it can become extremely difficult to negotiate the short sale.

Liens against the property can be by anyone besides the banks: utility companies, the IRS, mechanic's liens. Each one of these has a claim against the property and has to be satisfied. If the seller is totally insolvent, the bank may need to offer payouts to these lienholders who may refuse or negotiate for more.

DOES THE AGENT HAVE SHORT SALE EXPERIENCE?

It makes a world of difference to work with a listing agent who has a track record of successful short sales. That agent knows what to do, and can avoid pitfalls and delays in the process.

By the same token, the buyer's agent must also have short sale experience to guide the buyer how to write an offer with a good chance of getting the short sale accepted and approved. I can help you navigate thru the short sale maze.

What notices has the seller received?

Notice of Default?

Notice of Trustee Sale? If the seller is just days away from being foreclosed, there may not be enough time to do a short sale.

Inspections and reports. If there are none, by all means, get them during your buyer investigation contingency period. With so little room to negotiate, the buyer must have all pertinent information to determine if he is getting a good value with the purchase.

Condition of the property. If there are safety hazard issues, the buyer may be able to justify asking for credits or repairs for a loan to be approved. For example, lenders and their appraisers may look for a functional kitchen which generally means having a working stove. There must also be a functional heating system.

How long will it take to get a short sale approved?
There is no one answer to this question. It's not unusual to wait 3-6 months, or even longer. It all depends on the lender, the situation, the market, the completeness of the short sale package, the willingness of all parties to negotiate and/or contribute. This where one must have patience, persistence and perseverance.

Can a buyer continue to look and write offers on other properties?

A buyer can...but this could also mean that the buyer was not acting in good faith when he wrote the offer on the property.

Good faith is defined as: Effort made, information given, or transaction done, honestly and without a deliberate intention to defraud the other party. However, good-faith does not necessarily mean "without negligence:. Also called bona fides, it is implied by law into commercial contracts.

Can a buyer walk away?


After offer acceptance: Like any sale, there are contingency periods after acceptance (or approval by the short sale lender) during which time the buyer is expected to do his due diligence in terms of buyer investigation, loan appraisal and loan approval.

Before offer acceptance: In several states, a buyer can stipulate how long his offer is good for.

For example, in Virginia and per our short sale addendum, the buyer can specify that his offer is good for 45 days or longer from the time the seller accepts his offer until the time the short sale lender approves the short sale. If no approval is forthcoming, the buyer's offer expires and then the buyer can move on.

There are NO guarantees. If you need closing cost assistance this can be tricky because there is no equity in the property to negotiate this. it will boil down to whether the current bank will give you money towards closing cost. Sometimes they will and sometimes they will not. And lets not even talk about repairs!!!! The property will have to at least meet minimum standards to make value for the appraisal. The seller will usually already be cash poor creating issues with negotiating repairs.

Now for the Pros:

If the short sale closes it can be the best deal on earth! If you are not in a rush you can pursue a short sale and usually buy a home in an area you normally would not qualify for. Accompanied by todays low interest rates it can be the deal or steal of a lifetime!!!

Buyers: FREE Access to Home Listings, FREE 2-10 1yr Home Warranty plan, FREE Home Buying Consultation, FREE Transaction Coordination, FREE Tours of Homes. Buyers receive and Sellers offer 1 MONTH FREE Cox Bundle Package. Sellers: Ultimate Marketing Package to get your home SOLD!

Contact me Today,
Deandrea "Dee Dee" Jones
Sales Manager Associate Broker
Blu Skyy Realty
ph:757-831-8294
fx: 866-721-3135
www.DJonesRealEstate.com
blog: DJonesRealEstateBlog.info

Tuesday, August 2, 2011

10,000 jobs to come to Newport News to Hampton Virginia! Need a Job!



With the economy still in shambles most of us know someone looking for a job.

Do you know anyone who needs a job? Are they willing to move to Hampton Roads Newport News to Virginia Beach and work at a naval shipyard. Then this program may be for them.

Huntington Ingalls naval shipyard is known as a large refuel-er and supplier of nuclear powered air craft carriers and servicer and builder of submarines. Currently employing 20,000 it is one of the areas largest employers.

Huntington Ingalls Industries Inc. announced they are expecting
to hire around 10,000 more people over the next five years but it
could hire up to 15,000, according to a Huntington Ingalls spokesperson.

In 2011, the company will hire about 2,000 people, including 1,500 trade or
craft workers and 500 salaried employees.

About 20 percent of the shipyard's workforce, or 4,000 employees are
eligible for retirement, according to Christie Miller with Huntington
Ingalls.

Hiring is underway now because of the number of people leaving for one
reason or another. Miller said some workers are retiring and others are
pursuing new careers.

Miller said the company has stringent requirements and they are having a
hard time finding qualified candidates. Many of those hired will need to get
a security clearance from the U.S. government, undergo a background check
and take a drug screening test.

In addition, the company is trying to figure out how to transfer the skill
sets of veterans who are moving toward retirement to new workers coming up
behind them.

Huntington Ingalls spends more than $50 million a year in training costs,
due to the exacting nature of the work.

The company also has an apprentice school, which recently celebrated its
92nd anniversary. Roughly 2,400 of its graduates are in the yard's
management ranks, Huntington Ingalls reported.

The shipyard also plans to engage with "the supply side" as part of an
effort to groom job candidates. For example, they will recruit exiting
military personnel and get more involved with those who are leaving the
military. The shipyard is also working to align itself more closely with
community colleges and trade schools.

Through a program called "Career Pathways," the company is reaching out to
elementary, middle, and secondary schools, to open up students to career
alternatives that don't require a college degree.

To learn more information about careers at Huntington Ingalls, visit
http://www.huntingtoningalls.com/careers/

Since Nuclear power will probably be around for awhile this may be a great career for those interested.

Base is located in South Newport News near Hampton and is a short commute from North Suffolk, North Portsmouth, and West Norfolk.

If you are in Hampton Roads, Southern Virginia Cities: Chesapeake, Hampton, Newport News, Norfolk, Portsmouth, Smithfield, Suffolk, Williamsburg, York County. Join the Group, http://activerain.com/groups/hamptonroads

"I can dream alone, build alone and strive alone, but true success always requires the help and support of others. Please send me your referrals."

Visit my website today, The Hampton Roads Real Estate Lady!

Deandrea "Dee Dee" Jones djoneshomes@gmail.com

Associate Broker Blu Skyy Realty Virginia Beach, VA

http://DJonesRealEstate.com

Monday, August 1, 2011

Attention Virginia Beach Hampton Roads Homebuyers VHDA loan changes 2011


VHDA is pleased to announce an increase in maximum income limits, making
it possible for more first-time home buyers and anyone who has not purchased in last 3 years to qualify for a VHDA loan.

Income limits increased in all areas of Virginia.
In Hampton Roads: Now for a family of 2 or less if you have a household income of $79,600 (up from $71,000) and for a family of 3 or more the house hold income increases to $92,200 (up from $80,000).

For home buyers who meet this income limit, a Home buyer Education class and other documentation requirements would be required to qualify.

VHDA mortgages offer an affordable fixed rate usually at a minimum 3.5% down payment and for those that qualify for a VHDAPLUS loan this can help you with the down
payment requirement. For more info on locating a VHDA lender and loan guidelines give me a call asap.

Buyers: FREE Access to Home Listings, FREE 2-10 1yr Home Warranty plan, FREE Home Buying Consultation, FREE Transaction Coordination, FREE Buyers Representation Service, FREE Tours of Homes. Buyers receive and Sellers offer 1 MONTH FREE Cox Bundle Package. Sellers: Ultimate Marketing Package to get your home SOLD!

If you are in Hampton Roads, Southern Virginia Cities: Chesapeake, Hampton, Newport News, Norfolk, Portsmouth, Smithfield, Suffolk, Williamsburg, York County. Join the Group, http://activerain.com/groups/hamptonroads

"I can dream alone, build alone and strive alone, but true success always requires the help and support of others. Please send me your referrals."

Visit my website today, The Hampton Roads Real Estate Lady!

Deandrea "Dee Dee" Jones djoneshomes@gmail.com

Associate Broker Blu Skyy Realty Virginia Beach, VA

http://DJonesRealEstate.com