One of the most complex and significant events in people’s lives is the purchase or sale of their real estate–and most people turn to an agent to assist them in these transactions. Before you select a professional real estate agent, however, you should determine if he/she is qualified to handle your Virginia Beach real estate business, what he actually does, and how he is paid.

REQUIREMENTS: All real estate brokers and sales agents must be licensed by their state. Although the rules and regulations of individual states vary, most require educational courses, a written examination, and license renewal every 1 or 2 years. Usually between 30 and 90 hours of formal coursework are required in topics such as real estate principles, contracts, and ethics to ensure that the agent has a thorough knowledge of the fundamentals and legal aspects of the field. Many states also have a continuing education requirement. In addition, many agents are members of the National Association of Realtors, an organization designed to provide an exchange of ideas to improve the industry as needed in order to protect the consumer and provide quality service.

SERVICES PROVIDED: A good agent wears many hats and is knowledgeable about many aspects of real estate. An agent handling your Virginia Beach real estate business should:

• be familiar with your target area

• represent a buyer or seller in the purchase or sale of real estate

• search for suitable buyers and/or properties

• assist in procuring financing for your Virginia Beach real estate
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The kitchen in your Virginia Beach home offers multiple ways to improve energy efficiency and reduce utility bills. Although seemingly small steps, the tips offered below are generally free or inexpensive and yet will result in creating a more energy-efficient environment in your home–and on the planet.

APPLIANCES are, of course, the most familiar to us when we consider energy output. True, they are not free or inexpensive, but they can be a real drain on your money if they do not function efficiently. Those that have earned the Energy Star have met the EPA standards for energy-efficiency and are recommended.

Refrigerators account for about 15% of your total electricity bill, but newer models use far less than those manufactured years ago. Consider the size you need when purchasing a new to avoid wasting energy cooling nothing.

Dishwashers offer opportunities to save, too. Run them only when they are full and scrap the dishes prior to washing so that you can use the light or normal wash cycle. Also, set the drying cycle to air dry to say energy.

Microwaves and toaster ovens are good alternatives to the use of a large oven in your Virginia Beach home, especially for smaller meals. You might also look into the use of light ovens (similar to a microwave but browns and roasts like a regular oven), induction cooking (extremely efficient because all the het goes into the food), and solar cookers (free and clean energy for slow cooking).

COOKWARE: Selecting the correct size, shape, and type can also prevent energy waste.

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Given the state of the economy and our ever-increasing fascination with nature and fresh air, more and more Virginia Beach home owners are discovering the advantages of transforming their backyards or patios into outdoor living spaces. Entertaining at home is much less expensive and more relaxing than going out, and outside “rooms” increase useable living space, provide sensory stimulation, provide stress-free enjoyment, and serve as a multifunctional oasis for family and friends.

Before undertaking such a project, you should first decide on a location and then make a master plan, one that can be implemented in steps. Select a space that can be easily viewed from your home’s interior so that it will feel like an extension of your house. Easy access to the space from the house is also preferable.

The size and scope of an outdoor living space can vary greatly, ranging from a screened in porch to a large area featuring a spa or pool. Whatever the size, however, you will want to consider function, features, furniture, and flora.

FUNCTION: Most outdoor rooms begin as an extension of your kitchen and include some type of grill, space for food preparation, and often a small refrigerator or modular cabinetry.  Other defined areas may include a conversational grouping, a quiet secluded spot for reading or resting, or an area set aside for family activities such as badminton, croquet, or playing in the sandbox or on children’s equipment. Spas and pools generally define their own space.

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Interior Painting Tips

Whether your desire for a new look inside your Virginia Beach home is because of the arrival of summer or because you hope to hasten the sale of your house, you may be considering repainting in the near future.

While paining can be a long, and sometimes unrewarding, task, professional painters and expert “do-it-yourself-ers” alike agree on ways to make the process less frustrating and more likely to produce a finished product you’ll be proud of. Basically, these tips center around organization, preparation, and patience.

1. GET ORGANIZED

• Purchase all necessary supplies in advance. Include paint, brushes, rollers, and drop cloths on your list. Most pros advise using a canvas drop cloth because it absorbs drips and spills better than plastic, can be more easily contoured around corners, will lie flatter, and can be reused often. Consider buying a canvas runner (4’x15’) which can be more easily moved.

• Set up a work station in the middle of the room. This is the place to keep your paint, brushes and rollers, spackle, hammers and screwdrivers,  cleaning rags, plastic sheets and bags, painter’s tape, paint can opener, etc. Think of everything you might possibly need while painting and gather them together in this one place.

• Take everything down from your walls. Remove furniture completely or, if that’s not possible, move it all to the center of the room and cover with a cloth.

• Remove all hardware from the surfaces to be painted in your Virginia Beach home. This includes switch plates, outlet covers, doorknobs, and light fixtures.  Place the pieces from each one in a separate small plastic bag and label each one

2. TAKE TIME TO PREPARE

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For Sunday’s open house, your Virginia Beach home was in “show-ready” condition. With curb appeal at its finest, clutter nowhere to be seen, windows and appliances sparkling, and the aroma of freshly baked cookies wafting in the air, you were certain that potential buyers couldn’t help but be positively impressed.

However, now it’s midweek, and the house has fallen back into its “lived in” state. Clutter abounds, dishes are in the sink, laundry has piled up, and toys have proliferated overnight. What a time for your Realtor to call to tell you that she wants to show your Virginia Beach home to very serious buyers in two or three hours! What to do? First, don’t panic. Take deep breath, walk through the house to identify trouble spots, and make a mental plan following these handy guidelines.

REMOVE CLUTTER FROM ALL FLAT SURFACES. It’s amazing how quickly items accumulate on the kitchen counters, coffee and side tables, bathroom vanities, dressers, desks, and nightstands and how negatively this disarray affects a buyer’s impression of your home. Straighten papers, put books on bookshelves, stack dishes in the dishwasher, collect newspapers, magazines, and sundry items in shopping bags or pillowcases and stash them–neatly– in your garage or storage shed–or even in the trunk of your car!  Do not try to hide gathered items in your closet or cabinets because people touring your home will definitely be opening the doors to those areas. Also, be sure that your stairs are clear and clutter-free and that piles of dirty laundry are hidden from sight in the washer and/or dryer.

DUST, SWEEP, AND VACUUM. Don’t forget mirrors, wood furniture, or television and monitor screens in your dusting efforts. Also be aware of the need to remove animal hair from sofas and chairs (and perhaps the animals could stay with a neighbor during the visitation). In the living room, arrange area rugs and fluff throw pillows.

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Every few years home buyers’ demand change. The 2010 design trends reflect the current move toward family togetherness, casual living, and energy efficiency. Potential purchasers of Virginia Beach real estate are looking for smaller, cost-effective homes which provide both functional and flexible spaces to match their current lifestyle. First-time buyers cannot afford McMansions, empty nesters are looking to downsize, and families are into low maintenance, energy savings, and open spaces,

The age of formality and overindulgent features has gone by. Buyers of  Virginia Beach real estate are giving up formal dining and living rooms and passing on libraries, parlors, and studies, opting instead for casual great rooms in which to entertain and enjoy family togetherness. Features currently in demand include the following:

STORAGE SPACE: A double car garage is a must since most homeowners use half of it for storage. Ditto for walk-in closets, a basement or attic, storage space  under stairs, and pantries.

ROOMS: The kitchen (with an island), family room, and master bedroom remain the three most important rooms, and they will most likely increase in size. Living and dining rooms, however, will tend to disappear. Another growing trend is a first floor master bedroom suite, a feature especially desired by seniors.

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Nearly everyone has heard of someone who has bought a fixer-upper or near-foreclosure house, renovated it, and then sold it at a hefty profit. Sound fairly simple and lucrative? Perhaps, but a word of caution: Don’t quit your day job just yet!

Those who earn an income, either part-time or full-time, by flipping Virginia Beach VA real estate, caution would-be flippers to understand the basics before beginning such a venture, they definitely need to:

• Assess their financial situation

• Have time available to renovate the property

• Possess good negotiation skills

• Have knowledge of what renovation entails and of building codes

• Have a practiced eye for evaluating potential value

• Do a great deal of research to learn about the industry

• Have a good sense of timing

Find trustworthy advisors, such as an agent, a loan officer, and a reliable subcontractor.

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At a time when house foreclosures are on the rise, beleaguered and vulnerable property owners who are at risk of losing their Virginia Beach homes are increasingly the targets of unscrupulous con-artists offering fast and false solutions.

These individuals/companies contact their unsuspecting prey in person or by mail, phone, or email. They advertise their services in all forms of media and far too often appear legitimate. They promise foreclosure prevention/rescue programs and sometimes seem to have government connections. At-risk owners of a Virginia Beach home must beware of the following scams as set forth by the Office of the Comptroller of the Currency:

• Foreclosure “rescue” and refinance fraud. The scam artist offers to act as an intermediary between you and your lender to negotiate a repayment plan or loan modification and may even “guarantee” to save your home from foreclosure. You may be told to make mortgage payments to the scammer directly — along with significant, up-front fees — and be told that the scammer will forward the payments to your lender. In reality, the scammer may pocket your money and leave you in worse shape on your loan. The scam artist also may tell you to stop making payments or stop communicating with your lender. Don’t follow that advice.

• Bankruptcy scams. You may have heard that filing bankruptcy will stop a foreclosure. This is true — but only temporarily. Filing bankruptcy brings an “automatic stay” into effect that stops any collection and foreclosure while the bankruptcy court administers the case. Eventually, you must start paying your mortgage lender, or the lender will be able to foreclose. Bankruptcy is rarely, if ever, a permanent solution to prevent foreclosure. In addition, bankruptcy will negatively impact your credit score and will remain on your credit report for 10 years.
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HAFA or Home Affordable Foreclosure Alternatives, is a program initiated by President Obama on November 30, 2009. HAFA helps families in distress who are having difficulty selling their homes. HAFA along with HAMP, the Home Affordable Modification Program, to revitalize the real estate market.

HAFA provides incentives to families to take advantage of selling their Virginia Beach home by means of a short sale (the home is sold for less than the value of the loan), or a deed-in-lieu of foreclosure (the home owner voluntarily gives the deed to the lender.

HAFA helps families quickly sell their Virginia Beach homes by giving them pre-approved short sales terms before listing the property. They are fully released from future liability for the first mortgage debt, and can receive $1,500 for borrower relocation assistance. HAFA also allows investors and servicers to receive financial assistance for administrative costs, processing fees, etc. The program sounds simple, but is actually quite complex with many guidelines and rules. HAFA officially began on Monday, April 5, 2010 and will end on Monday, December 31, 2012.

Here you can watch ‘An Animated HAFA Story’, an informative video explaining HAFA…

I am a Certified Distressed Property Expert (CDPE), trained in helping families in distress avoid foreclosure. Are you or someone you know behind on mortgage payments? You do have options! A short sale may be what is needed to save your, your family and your credit. Please contact me anytime for a private consultation.

Because of the current interest rates are at historic lows, many mortgage experts are advising Virginia Beach real estate owners to consider refinancing their existing mortgages as a way to

1. decrease the amount of their monthly mortgage payments
2. reduce the duration of their current loan, or
3. provide money for home improvements or other expenses. Interested? Read on…

Before you rush into refinancing your Virginia Beach real estate, be aware of two key strategies that will benefit you. The first is KNOWLEDGE. Carefully investigate the pros and cons of different refinancing features such as interest rate, closing costs and fees, and the term of the loan. Determine the purpose of your refinancing and the amount of savings and/or money you hope to gain from it. Examine your personal financial situation–now and in the future–to identify the best option for you.

Since refinancing is all about numbers, you will want to see figures in black and white before beginning the refinancing process. Online sources allow you to input your information re: the amount of the mortgage, the interest rate, the term of the loan, and fees to calculate your monthly expenditures and savings.

Research the advantages and disadvantages of a fixed rate and an adjustable rate mortgage (ARM). A fixed rate is usually for a term of 15 or 30 years, and the interest rate remains the same for the term of the loan. An ARM means that after 3 or 5 years your interest rate can change (usually going higher). If you are planning to stay in your Virginia Beach real estate for only a short time, an ARM may be beneficial for you.

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