Exit Realty Professionals Blog Virginia Beach Real Estate
Selling your home in Hampton Roads, Virginia, doesn't have to be a stressful ordeal. Choosing a Realtor® is your first step to ensuring that the investment you've made in your home pays off. Our services and experience allow you to focus on your move while we manage your home sale, from our initial consultation to the closing deal, and beyond. At Exit Realty, we pride ourselves on repeat business. When you list your Hampton Roads home with us, you'll come to understand why.
As your qualified Hampton Roads real estate agents, we will:
Formulate a comprehensive plan detailing all of the efforts we employ to sell your home, including local media and Internet marketing solutions. Complete a market analysis comparing your home's value to your neighbors' property values. List your Hampton Roads home for sale, attracting as many qualified potential buyers as possible by giving your home maximum exposure. Help you generate curb appeal and stage your home, ensuring that you get the highest price possible. Assist you in obtaining offers and in negotiating the best deal for your real estate property. Help you find your next home and answer all of your questions about the local market area, including shopping, schools, conveniences, neighborhoods and the local economy.
Hampton Roads Listings
We'll take a look at recent comparable home sales to answer the most important question: What are homes selling for on your street?
Getting the Highest Price for Your Home
On the outside, curb appeal is key to a positive first impression. It creates the difference between potential buyers stopping to take a flyer, or driving by while shaking their heads. Here are a few tips to increase your home's curb appeal.Clean your home's exterior, from the windows and gutters to its walks and decks.
Buying a home is an exciting time in your life. Making the smart move of choosing a Realtor® is your first step to ensuring that your new home and community meets your needs. Our services and experience range from financial aid to helping you find the home that best suits you and your family. For your convenience, we also provide listings by email. We pride ourselves on repeat business and hope you'll come to understand why.
As your Hampton Roads realty professionals, we will:
Make sure that you see all of the properties in the area that meet your needs and preferences. Guide you through the entire home buying process, from finding homes for sale in Hampton Roads to look at, to getting the best financing. Ensure that you don't pay too much for your new home by avoiding costly mistakes. Provide insight and answer all of your questions about the Hampton Roads real estate market, including neighborhoods, schools and the local economy.
Before You Start Your New Home SearchCheck your credit rating. Straighten out any errors before you start looking. Set a comfortable monthly budget for your new home purchase, including your down payment and total monthly payments and expenses. Choose a Realtor® you trust and who understands your needs. Select a loan program that meets your needs and get pre-qualified or pre-approved. This will make you more appealing to home sellers. Identify important features your new home should and shouldn't have. Determine what neighborhoods best match your lifestyle. Consider locations for commuting, extracurricular activities, medical needs and special interests.
About Closing CostsMortgage lending fees consist of charges for loan processing, preparing, underwriting and creating an escrow account. Expect third-party fees for a title search, insurance termite inspections and other assurances for your mortgage lender.
Whether you're planning on moving out of the area or you've found another home in the Hampton Roads community that suits your changing household better, you probably need to sell your present home before moving forward with other plans. As the local real estate market slowly starts to loosen up and the number of days that homes for sale in Hampton Roads dwindles, more people are putting their houses on the market. While it is competitive, there are ways to ensure that potential homebuyers in Virginia Beach, Chesapeake and other Hampton Roads cities will find your home quickly, have a favorable first impression and be interested in buying it quickly.
Be Ready to Sell Before You Put It On the Market
One misconception that some homeowners have is that the sooner they list their home for sale, the better. This only holds true if your house is saleable when you put it on the market. All improvements that need to be done should be complete. You can only make one first impression, and any unfinished items could ruin a great opportunity to sell quickly. For example, you don't want someone driving by to see a dilapidated roof or clutter in the yard. Staging is something that your Virginia Beach area Realtor can help you with as well. Clear out any of your personal items that can prevent other people from visualizing how the house will look with their personal items in it. This includes family portraits and collectibles
Use a Realtor®
While some sellers are interested in a quick sale, they sometimes take on the challenge of trying to market their homes themselves to avoid the expenses of a third party. The unexpected issue that for-sale-by-owner sellers often meet is the amount of time it takes to actually sell it -- not how many days, but how many hours of manpower.
Virginia Beach Among Top 10 Hardest-Working Cities
If you're considering a move to Virginia Beach, Virginia, keep in mind that Forbes magazine has named our Atlantic Coast city among America's Ten Hardest-Working Cities. Yes, we came in at No. 8, beating out Washington, DC and Houston, Texas, among others. Seattle, Washington came in at No. 1. New York didn't even make the top 10.
The list was compiled by Forbes and a California-based real estate firm called Movoto using data from the U.S. Census Bureau and the U.S. Bureau of Labor and Statistics. It's published in the magazine's August issue and also on-line. Some of the factors used to determine America's Top 10 Hardest Working Cities included the average hours worked per week, the unemployment rate, commuting time and cost of living. In fact, Virginia Beach had the sixth lowest unemployment rate among cities on Forbes' list.
If you're thinking about buying one of the Virginia Beach homes for sale, here are a few other things to consider. According to the U.S. Census Bureau, Virginia Beach has a population of nearly a half million people. There are more than 200 city parks stretching over 4,000 acres of land. They offer tennis courts, hiking and biking trails, ball fields, picnicking and other outdoor activities.
To learn more about Virginia Beach or the neighboring cities of Norfolk and Chesapeake, call Exit Realty Hampton Roads at 757-425-6060 or 757-962-1284.
How to Narrow Down Your Home Search
Finding the right home for sale in Virginia Beach can be fun and challenging. One way to make the process easier is to consider what elements are must-have, which ones you can't have and any that are nice-to-have but you could probably live without. If at least one other person is making the decision with you, it's important to compare lists and make sure that your must-haves and can't haves don't conflict. If they do, be prepared to compromise.
There will always be some elements you just can't live without. Decide on the minimum number of bathrooms and bedrooms you'll need for comfortable living. The material construction is another feature that might be a firm element, whether it's brick, vinyl siding or something else entirely. Keep in mind that basements are extremely rare in Virginia Beach homes for sale. Most properties are no more than a few feet above sea level, making it impractical and improbable to find a basement, especially with sandy soil on the property. Garages, fireplaces and eat-in kitchens are other amenities that might be on your radar. Be sure to inform your Virginia Beach Realtors of what's minimally necessary for you to consider buying a home.
Sometimes it's just as important to have a certain feature as it is no to have one. For families with babies or toddlers, for example, a swimming pool might be in the can't-have category. Other elements might include a long staircase, a large lot or a less desirable school district.
One thing to note is if you have some items on your must-have or can't-have lists that can be easily added or removed from a house. For example, having a fence might be very important to you.
What Makes a Home Move-In Ready?
One of the most notable trends in buying today's homes is finding one that's move-in ready. Most potential buyers of Virginia Beach real estate don't want to spend a lot of time fixing up a property before they move in. For a home seller, it means that your home is spotlessly clean with all major and minor repairs complete before all showings and open houses. So what makes a home move-in ready? It can mean different things to different people, but essentially, imagine yourself pulling up in a truck, unloading your possessions, moving in and living there. If you can paint that picture, it's move-in ready.
A property in move-in condition is ready for immediate occupancy. It has a roof, appliance, walls and floors in good condition. It also has working locks and usable plumbing and electricity. It doesn't require additional repairs to be comfortable and usable. It should be broom clean.
Another way of describing a home in move-in ready condition is one that doesn't require additional work before assuming ownership and living in it. For example, the heating and cooling system should be working. The floors should not be noticeably worn or have damage. The walls, while they may not be the perfect colors to suit the new owners, are clean and presentable.
Most mortgage lenders require a home inspection before they will commit to financing the purchase. For most companies, the roof and foundation must be sound or be fixed before the sale can go through. While paying for the home inspection is typically the homebuyer's responsibility, some sellers like to have it done before they put their home on the market to see what an unbiased professional finds in the way of problems and recommendations so there are no surprises and they can take care of any issues before listing it.
Buying a home in Hampton Roads can be an exciting event. Everyone dreams of the closing going according to plan, but sometimes little hiccups can create delays or add unnecessary expenses that could have been avoided. While there are many details to sort through and much paperwork involved in buying a home, there are several things you can do behind the scenes to make the closing process goes smoothly.
Keep the lines of communication open between you and your Virginia Beach real estate agent. Let your realtor know if you are a first-time buyer. There are several steps involved in buying a home that are probably unfamiliar to you. We can walk you through the process with special attention to the details so you can be comfortable and prepared for the closing.
Tell your agent once you have secured your funding and that you will be bringing an agreed-upon form of payment, such as a certified cashier's check, to the closing or you have secured electronic payment.
3. Check the Details
There is a lot of paperwork involved in buying a home. Check in with your Hampton Roads realtor, attorney, title agency and other members of your team a day or two before the closing date to see if you can review any of the documents. Proofread them for accuracy and typos. Sometimes an innocent mistake can completely change the sale agreement, from the sale amount to the location to the names of the buyers and sellers. It is usually a quick fix beforehand, but much more difficult after the deal is done.
4. Linked Properties
Tell your realtor if you are actively involved in the sale of another property. Whether you are the buyer or the seller in another real estate transaction could affect your funding in this one.
When preparing to put your Virginia Beach home on the market, there are many things you can do to enhance the buyer's experience and improve the chances of receiving your asking price. One is to provide detailed information about the improvements and amenities in your home.
Do a walk-through of your house and write down all of the items that are new or improved since you bought it. Try to note the brand and the month and year of installation. Include things like appliances that will convey, carpeting, paint, ceiling fans, decks, home additions, roofing components, water heaters, central heat and air, exterior landscaping, garages, shelving and windows.
Take some time to go through your paperwork and receipts. If you have any for major items, such as the roof or the heating and cooling systems, it's helpful to put them together in a folder or envelope. Your Virginia Beach real estate agent may be interested in the values and ages to help you arrive at a fair price. A simple list can be compiled and presented to any potential buyers. This answers many questions before they are asked and can enhance your home's value.
Over the years, you have hopefully put all of your owner's manuals for appliances and systems together in one place. Putting them in a convenient location for the potential buyers to see can improve your chances of selling your Virginia Beach home faster. Not only does it give them information on what you have, it creates the distinct impression that you have taken care of the property and the appliances in it.